Need help in budgetting your salary? Want to find out what your asking rate is depending on your projected expenses and budget? We have developed an app that can help you!
Budget Pinoy is a tool for Filipinos in computing gross and net pay based on user's budget.
Users can input their target savings and projected expenses in the Budget Tab. They can also use the expenses tab to check expenses.
The recommendation tab will show the asking rate that the user needs to be able to earn enough for the target budget. It will also show the net pay and deductions, computed using Sweldong Pinoy, based on the asking rate.
We're also working with different financial institutions to give you relevant tips to help you in your finances, based on your budget. This will be coming soon in a future update.
For the past versions of Sweldong Pinoy, only the SSS contributions are being computed. SSS, however, does not apply to government employees. Instead of SSS deductions, what they have is contributions for GSIS (Government Service Insurance System).
Today, we are happy to announce that Sweldong Pinoy now computes for the GSIS contributions! Just select "Government Employee" in the Employment Type and the app will compute the GSIS contribution instead of the SSS contribution. This is available in version 2.3 of the Android app and in the web app at http://sweldongpinoy.com.
If you are a government employee, please check the app and let us know your feedback. We are looking forward to your suggestions and comments.
Sweldong Pinoy Android App 2.3 on a Phone showing the Employment Type input (choosing Government Employee will compute the GSIS contribution instead of the SSS contribution)
Sweldong Pinoy Android App 2.3 on a tablet showing input for Government Employee and outpu…
Earlier this year, Republic Act No. 11199 (The Social Security Act of 2018) was signed by the president. Under the law, the monthly contributions of SSS members will be increased from the current 11% to 12% this year and will gradually increase every other year until it reaches 15% on 2025. Minimum and maximum monthly salary credits will likewise gradually increase.
The New Contribution Schedule for 2019 will be implemented for the applicable month of April and payable in May 2019. You can learn more about this here.