Sweldong Pinoy and Budget Pinoy for 2024
Update: The increase in contribution for Pag-IBIG Fund (HDMF) will be straight to 200 instead of 150. The apps have been updated.
Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Budget Pinoy is a tool for Filipinos in finding out how much their asking salary should be based on their budget. In 2024, the contibutions for PhilHealth and Pag-IBIG Fund will be higher.
PhilHealth
In accordance with the Universal Health Care Act (Republic Act No. 11223), the PhilHealth contribution rate will now be 5.0% (from 4.5%) and the income ceiling will increase from 90,000 to 100,000.
Pag-IBIG Fund
Pag-IBIG Fund members' mandatory monthly savings was also scheduled to increase from the current P100 to 150 by January 2021 and to 200 by January 2023. These have been deferred from 2021 to 2023. The contribution is scheduled to increase in 2024. For now, the app is using the 150 rate and will update it again if it would be increased straight to 200 or deferred once again.
Sweldong Pinoy and Budget Pinoy Updates
We have already updated sweldongpinoy.com and budgetpinoy.com, and the Android apps (Sweldong Pinoy version 4.6 and Budget Pinoy version 1.4) with the changes to the contributions. If you want to compare the current (2023) and the upcoming rates, you can use the dropdown to change the year and compare how the salary will change.
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