Guide on Pag-IBIG Contribution Rate 2023 Based on Monthly Income
PAG-IBIG CONTRIBUTION RATE 2023 – If your monthly salary is ₱5,000 and above, here’s a guide on the monthly premium or savings rate.
In terms of government agencies with the most number of members, the Pag-IBIG Fund does not fall behind. This state agency has established its name widely with its Housing Loan offer that has been beneficial to a lot of Filipinos through the years. Many of its members acquired their own property because of it.
The Housing Loan offer is not the only loan that the government agency offers its members. It also has the Pag-IBIG cash loan offer, the Multi-Purpose Loan or MPL, and the Pag-IBIG Calamity Loan. An updated account is required in most of these loan offers. You can make sure that your account is up to date by paying the exact Pag-IBIG contribution rate 2023 every month.
The monthly contribution rates of Pag-IBIG is based on the member’s income source and their monthly earnings. When it comes to employed members, their employers are involved in determining the total monthly contribution amount.
If you are earning ₱5,000 and above on a monthly basis, the total monthly contribution rate is equivalent to 6% of your salary per month. Out of the said percentage, 3% will come from the employee and 3% from the employer.
For example, if your monthly salary is P5,000, your Pag-IBIG monthly contribution 2023 is P300 (5000 x 0.06). P150 or 3% of it will come from you and P150 or 3% is from the employer.
Do you want to check on the full list of loans offered by the government agency? Kindly visit – Pag-IBIG Loan Offers: Full List of Loans You May Apply For.
The Pag-IBIG Fund also has an investment program. Feel free to visit – Pag-IBIG MP2 Savings: Its Features, Qualifications, Application Process.
