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If you'd like to save cash that earns a better dividend level but might be withdrawn following a shorter interval, you could possibly consider opening a independent Pag-IBIG MP2 Personal savings account.
Businesses and workers keep on to share the associated fee equally, Each individual contributing 2% from the fund income, nearly a monthly cap of ₱two hundred. Effectively compute your workforce’ contributions, remit them promptly, and hold precise documents of payroll-relevant paperwork.
There’s no penalty if you skip paying a month-to-month Pag-IBIG contribution. Nevertheless, inconsistent payments can have an effect on your Pag-IBIG bank loan approval and the quantity it is possible to borrow.
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Utilize the desk previously mentioned for computing your month to month personal savings If the abroad employer is necessary to share in shelling out your Pag-IBIG contribution.
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Registering and computing Every employee for Pag-IBIG contributions can get complex for larger sized corporations.
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Don’t discard the official receipt or device-validated transaction slip issued immediately after spending your contribution. It’s your evidence of payment when you must report any situation along with your contribution.