If you are working from a certain legit company then you should be aware that there is a monthly deduction on your pay slip. The deduction usually goes to your SSS, Philhealth, and our topic on this post which is your Pag-IBIG fund.
You have to know that all company owners are required by the government to pay contributions to those mentioned agencies. This is for the benefits of every employees working under them.
Pag-IBIG fund is also known as “The Home Development Mutual Fund” (HDMF). It is a government-owned agency which is under the management of the Housing and Urban Development Coordinating Council.
The benefit for being a member of the Pag-IBIG fund is that, your contributions will become a part of the national savings program. It also entitles you to ask for short-term loans and the eligibility to access all affordable housing programs.
What if you are not employed or working on a company?
If you do not work to a certain company and you would like to become a member of the Pag-IBIG fund then, you should be happy to know that they are accepting voluntary and self-employed members. As a member on this category, you will receive the same exact benefits as that of the employed.
Payment Schedule and Due Dates
If you are the employer of the company, voluntary or self-employed member of the Pag-IBIG fund, then it is important for you to be aware about the payment schedule and due dates of your contributions.
Here are the following Pag-IBIG payment schedules which are organized according to the first letter of the employer or business:
All first letters starting from A to D
- 10th to the 14th day of the month
All first letters starting from E to L
- 15th to the 19th day of the month
All first letters starting from M to Q
- 20th to the 24th day of the month
All members with first letter starting from R to Z and numbers from 0 to 9
- 25th to end of the month
Below are the payment schedules for members who are voluntary, self-employed, and OFWs:
Monthly Payment: On or before the 10th day of the month
Quarterly: On or before the 10th day of the month in quarter
Moreover, Pag-IBIG fund is quite strict when it comes to the contributions of their members particularly when they don’t pay on-time where they will receive a penalty. Thus, in order not to get penalized, always take note of those schedules. And if possible, paying your contributions at the earliest scheduled date would be the best practice.
The good thing about paying your Pag-IBIG fund today is that, it is no longer a hassle as compared to the old days. It’s because there are now many trusted and reliable payment centers that can do it for you. One of my favorite is the mobile payment processor, GCash. Aside from GCash, you can also use Bayad Center, SM, and etc…
How about the required amount to pay for contribution as a member?
This is another topic covered on a separate post. The same goes on the guide about using GCash to pay your contribution.
You have to know that all company owners are required by the government to pay contributions to those mentioned agencies. This is for the benefits of every employees working under them.
Pag-IBIG fund is also known as “The Home Development Mutual Fund” (HDMF). It is a government-owned agency which is under the management of the Housing and Urban Development Coordinating Council.
The benefit for being a member of the Pag-IBIG fund is that, your contributions will become a part of the national savings program. It also entitles you to ask for short-term loans and the eligibility to access all affordable housing programs.
What if you are not employed or working on a company?
If you do not work to a certain company and you would like to become a member of the Pag-IBIG fund then, you should be happy to know that they are accepting voluntary and self-employed members. As a member on this category, you will receive the same exact benefits as that of the employed.
Payment Schedule and Due Dates
If you are the employer of the company, voluntary or self-employed member of the Pag-IBIG fund, then it is important for you to be aware about the payment schedule and due dates of your contributions.
Here are the following Pag-IBIG payment schedules which are organized according to the first letter of the employer or business:
All first letters starting from A to D
- 10th to the 14th day of the month
All first letters starting from E to L
- 15th to the 19th day of the month
All first letters starting from M to Q
- 20th to the 24th day of the month
All members with first letter starting from R to Z and numbers from 0 to 9
- 25th to end of the month
Below are the payment schedules for members who are voluntary, self-employed, and OFWs:
Monthly Payment: On or before the 10th day of the month
Quarterly: On or before the 10th day of the month in quarter
Moreover, Pag-IBIG fund is quite strict when it comes to the contributions of their members particularly when they don’t pay on-time where they will receive a penalty. Thus, in order not to get penalized, always take note of those schedules. And if possible, paying your contributions at the earliest scheduled date would be the best practice.
The good thing about paying your Pag-IBIG fund today is that, it is no longer a hassle as compared to the old days. It’s because there are now many trusted and reliable payment centers that can do it for you. One of my favorite is the mobile payment processor, GCash. Aside from GCash, you can also use Bayad Center, SM, and etc…
How about the required amount to pay for contribution as a member?
This is another topic covered on a separate post. The same goes on the guide about using GCash to pay your contribution.
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