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. In this post, you’ll learn how much monthly contribution you need to pay and other things you need to know about your Pag-IBIG contributions.
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. Your job is to check and verify your pagibig contributions how much you are contributing monthly.
Pagibig Contribution Table 2018
OFWs, employees, voluntary members, and employers should be aware of this table. This updated table will be the reference how much will be the monthly contribution. If you are receiving P5,000 below monthly, this will be your guide.
Maximum Pagibig Contribution
The maximum compensation used for computing employee’s monthly contribution is currently set to P5,000.00. This means that the employee and employer will both share P100.
P5,000 * 0.02 = P100
If you are an employee who earns more than P5,000 monthly, your salary will automatically be deducted P100. Similarly, your employer should pay P100.
Frequently Asked Questions:
1. If my basic salary is 30k per month, does that mean I’ll pay 2% of that amount which is P600?
Anwer: No. The ceiling for employee and employer’s share is P100.
2. Can I apply as voluntary member?
Anser: Yes. 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.
3. I want to make up for my previous lapses how can I continue my contribution?
Answer: You cannot make up for your missed contributions. You can only pay starting from the month you resumed thereon.
4. How to inquire about PagIBIG concerns?
Answer: If you got further clarifications or concerns regarding your Pagibig membership you can call their hotline 724-4244 or through their contact form on their website here
Topics people are also interested in: