Pag-IBIG Contribution Table for 2021

Pag-IBIG fund has been helping many Filipino workers to afford decent shelter. Whether you’re an employee here in the Philippines or OFW abroad, you can avail Pag-IBIG’s short term loans and house financing program. Buying or building your own house can be quite costly or pricey, Pag-IBIG Fund provides housing loans and financing to ordinary Filipinos so that they can afford decent housing.

Pag-IBIG Contribution Table for 2019

For employees, it is mandatory to pay Pagibig Fund contributions whenever they receive their salaries. Typically, employees don’t need to take care much about the processing of their monthly Pagibig Fund contributions. This is automatically done by the employer during payroll.

Pag-IBIG also provides short-term loans such as the calamity loan and the multi-purpose loan for minor home improvements, small business capital, educational expenses, payment of utility bills and other personal purposes.

Being a member of Pag-IBIG allows you to avail of housing loans and assistance, making your dream of owning a house a reality. But to ensure that you are eligible for Pag-IBIG benefits, you need to pay at least 24 monthly savings or contributions.

In this helpful article, you will learn how much monthly contribution you need to pay and other things you need to know about your Pag-IBIG contributions. You can check if your employer is paying your monthly contributions correctly by referring to the Pag-IBIG contribution table provided below.

Updated Pag-IBIG Contribution Table

OFWs, employee, employer and self-employed or voluntary members must take note the latest Pagibig Contribution Table for 2019 in order to be aware how much you are paying to Pagibig Fund every month. This updated table will be the reference how much will be the monthly contribution. The usual payment is P100 following the maximum compensation set to 5,000.

How to compute Pag-IBIG Contributions?

The maximum Pagibig Contribution monthly compensation allowed to compute each employee’s Pagibig contribution is currently set at P5,000. This means that the employee and employer will both share P100.

P5,000 * 0.02 = P100

If you are earning more than 5,000 pesos every month, you are automatically deducted P100 + 100 from your employer. The combined amount serves as a monthly contribution to Pag-Ibig.

Pagibig Contributions Land-based OFW

An Overseas Filipino workers (OFWs) whose employers are not subject to mandatory coverage should contribute an amount equivalent to 2% of their monthly income, in accordance with HDMF Circular No. 391. The OFW may opt to pay the employer counterpart of 2%. The maximum monthly compensation used to compute the membership savings is also ₱5,000.

What if you’re a self-employed or voluntary member?

If you’re a self-employed, freelancer, or unemployed but willing to become a pag-ibig member, you can apply as voluntary contributor. The important thing you need to keep in mind here is you need to shoulder both employee and employer’s contributions. Since you don’t have an employer in that case, you will have to shoulder both the employee share and the employer share. So your maximum monthly contribution as a self-employed or voluntary member is ₱200.

How Pagibig Fund earns money?

PAG-IBIG (HDMF) is a mutual fund developed to provide affordable housing for the Filipinos and at the same time to generate savings for the future. All the money you will contribute to the HDMF will be pooled and invested to different financial instruments usually government funds or money markets. These Mutual Fund then will earn income from those investments. As a member of the Home Development Mutual Fund, you are entitled to that income.

That's all guys. We hope that you find the Pag-IBIG contribution table very helpful and useful. If you got further clarifications, questions and concerns regarding your Pagibig membership, you can call their 24/7 hotline number (02) 724-4244 or through their contact form on their official website.


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