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SSS Contributions

itscarloitscarlo SingaporePosts: 118Member
Hi all. I have a question of concern, given that I was already granted a permanent residence VISA, is it advisable to continue paying SSS contributions in the Philippines? I feel like it is already useless if I'm planning to live in Sydney for long-term basis. Thanks.

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(waited for ACT to open on July 2017, but tried NSW while waiting)
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Comments

  • Hunter_08Hunter_08 Adelaide
    Posts: 2,127Member
    Joined: Mar 01, 2011
    @itscarlo its up to you kasi yung SSS contribution is para pag nag retire ka may makukuha ka monthly. if you opted to retire sa pinas I think okay na magbayad ng SSS.

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  • itscarloitscarlo Singapore
    Posts: 118Member
    Joined: Nov 01, 2017
    @Hunter_08 Yep. That's what I'm thinking also, the retirement purpose. But still thinking about this... Thanks

    Graphic Designer

    Oct 8, 2015 : IELTS Exam Result
    Sep 15, 2016 : Skills Assessment Application (VETASSESS) - submitted
    Oct 28, 2016 : VETASSESS results: Positive
    (waited for ACT to open on July 2017, but tried NSW while waiting)
    Jun 02, 2017 : Lodged EOI for State Sponsorship Visa (NSW) : claiming 60pts.
    Jun 22, 2017 EOI selected. ITA for NSW Nomination
    Jun 29, 2017 : Approval of NSW Nomination. ITA for a Skilled-Nominated (Subclass 190) Permanent Visa
    Jul 5, 2017 : Lodged visa application
    Processed Medical, SG and PH police clearances, and Form 80
    Aug 19, 2017 : Submitted SG and PH Police Clearances and Form 80
    Oct 18, 2017 : Visa Granted (Skilled-Nominated [Subclass 190] Permanent Visa)

  • Davidx23Davidx23 Brisbane
    Posts: 229Member
    Joined: Nov 08, 2011
    Is SSS really a good investment option? Maganda ba ang performance ng fund nila, or is it better for you to regularly buy BPI/SMC/whatever shares para 'self-managed' retirement fund. Or take advantage of salary-sacrifice super dito.

    Fixed income ba ang makukuha mu sa SS? For how long? How much, baka naman pambili lang ng jolibee yung sustento ng SS? Is that worth the hassle of monthly or yearly hulugan sa SS? IDK, probably throw some SSS figures here.
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