Are you looking for a way to save money and get a return on your investment? If so, then the Pag-IBIG MP2 savings plan is an excellent option. This program is designed to help Filipino citizens save money and receive interest over a fixed period of time.
In this article, we will discuss how to fund your Pag-IBIG MP2 savings plan and the benefits that come with it.
How to Fund Your Pag-IBIG MP2 Savings Plan
There are several ways to fund your Pag-IBIG MP2 savings plan. The first option is by enrolling at any Pag-IBIG office or authorized agency in the Philippines. You may make payments via cash, check, or credit card at these locations.
You can also make deposits online through the official website of the Philippine Social Security System (SSS). You will need to register on their website before making any payments. Additionally, you can deposit funds directly into your account using ATM machines or by bank transfer from other countries.
The minimum contribution amount is 500 PHP per month, but you can contribute more if desired. It’s also important to note that there is no maximum contribution limit for this type of investment account. As long as you meet the minimum monthly contribution requirement, you can keep adding funds whenever it’s convenient for you!
Benefits of Investing in Pag-IBIG MP2 Savings Plan
The main benefit of investing in a Pag-IBIG MP2 savings plan is that it provides a guaranteed rate of return on your investment over a fixed period of time.
- Want to know Your Investment Worth Use Pag-IBIG MP2 Calculator
The amount of interest earned varies depending on how long you keep your money invested in the account; however, it typically ranges from 5% to 7%. Additionally, contributions made towards this type of investment account are tax deductible up to 20% (or up to 10% for self-employed individuals).
This means that not only will you be earning interest on your investments, but also reducing your taxable income at the same time!
The Pag-IBIG MP2 savings plan is an excellent way for Filipino citizens to save money and earn a return on their investments over time. It offers a guaranteed rate of return with tax advantages and no maximum contribution limit if desired.
To get started with funding your Pag-IBIG MP2 savings plan, simply enroll at any local office or authorized agency in the Philippines and make payments via cash, check, or credit card. You can also deposit funds online through SSS’s official website or by using ATM machines or bank transfers from other countries. With these easy steps, you’ll be able to start saving and growing your wealth today!
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My Name is Jane, Dela Cruz, the creator of this blog, as a comprehensive guide for housing loan and financial advice. The objective was to create a website that would be user-friendly and easy to navigate, and here it is.
My dedication is to educate the general public about Pag IBIG program with the necessary assistance and, on the other hand, become a reliable source in the field of Finances.