If you are a voluntary or self-employed member of Pag-IBIG Fund then it is expected that you are already aware about the amount you are paying for your contributions. But for the employed individuals, they most likely do not have any idea about it. It’s because their employer does all the process of deducting the amount from their salary and processing it for their contributions.
Most employees do not really care about how much is being deducted from their payroll system. All that matters to them is the total amount that is handed to them. Are you one of them?
Anyway, since your contribution is a part of your hard earned money, you will receive the full benefits offered by the Pag-IBIG Fund programs particularly by the time that you retire. One major benefits of the Pag-IBIG Fund program is that you can avail housing loan. And the best part, it helps you generate savings for your own future.
So if you are an employee working on a certain company and it just happens that you are curious to know how much is being taken from your monthly payroll.
Then, check out the contribution table below:
Monthly Compensation of 1500 pesos and below
Employee Share: 1 Percent
Employer Share: 2 Percent
Monthly Compensation of Over 1500 pesos
Employee Share: 2 Percent
Employer Share: 2 Percent
The maximum amount of monthly compensation is 5000 pesos. So if you are at this level of amount then it means that the maximum amount of contribution for a member is worth 100 pesos. While for employers share, is also 100 pesos.
Thus, earning 5000 pesos or higher amount gives you a fixed amount of 100 pesos and another 100 pesos from your employer. This is your total monthly contribution for your Pag-IBIG Fund.
The contribution table above is not only for the employed individuals but also applicable for the voluntary, self-employed, and OFW members.
Moreover, for those Pag-IBIG Fund members who are voluntary, self-employed, or OFW, you may want to check my other related post about Pag-IBIG Fund’s payment and due date schedules. This is quite important as you do not want to miss any of your contributions or you will get penalize.
Other than the payment schedule, you may also find it useful reading my post about paying your Pag-IBIG Fund contributions via GCash. It is one of the fastest and easiest methods of paying your monthly contributions with no hassle at all.
Most employees do not really care about how much is being deducted from their payroll system. All that matters to them is the total amount that is handed to them. Are you one of them?
Anyway, since your contribution is a part of your hard earned money, you will receive the full benefits offered by the Pag-IBIG Fund programs particularly by the time that you retire. One major benefits of the Pag-IBIG Fund program is that you can avail housing loan. And the best part, it helps you generate savings for your own future.
So if you are an employee working on a certain company and it just happens that you are curious to know how much is being taken from your monthly payroll.
Then, check out the contribution table below:
Monthly Compensation of 1500 pesos and below
Employee Share: 1 Percent
Employer Share: 2 Percent
Monthly Compensation of Over 1500 pesos
Employee Share: 2 Percent
Employer Share: 2 Percent
The maximum amount of monthly compensation is 5000 pesos. So if you are at this level of amount then it means that the maximum amount of contribution for a member is worth 100 pesos. While for employers share, is also 100 pesos.
Thus, earning 5000 pesos or higher amount gives you a fixed amount of 100 pesos and another 100 pesos from your employer. This is your total monthly contribution for your Pag-IBIG Fund.
The contribution table above is not only for the employed individuals but also applicable for the voluntary, self-employed, and OFW members.
Moreover, for those Pag-IBIG Fund members who are voluntary, self-employed, or OFW, you may want to check my other related post about Pag-IBIG Fund’s payment and due date schedules. This is quite important as you do not want to miss any of your contributions or you will get penalize.
Other than the payment schedule, you may also find it useful reading my post about paying your Pag-IBIG Fund contributions via GCash. It is one of the fastest and easiest methods of paying your monthly contributions with no hassle at all.
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