Skip to content If you are an employee of the Philippines, the chances of you being well-versed with the mandate benefits of being an employee are high or noticeably necessary. For starters, you know the drill; The Social Security System contribution (SSS), PhilHealth contribution, and Home Developmental Mutual Fund (HDMF)/Pag-IBIG contribution. All of these are deducted from your monthly salary and being aware of the exact to accurate deductions on your salary is a big deal because this will be taken off of your wage in a monthly basis. In previous articles, we already disclosed the contribution tables of SSS and PhilHealth and in this article, you will be enlightened on the Pag-IBIG contribution table.
What is Pag-IBIG?
If you are an employee who does not actually care about the Pag-IBIG corporation, then you better now because HDMF or commonly referred to as Pag-IBIG, is a Philippine government operated and owned corporation that corresponds to the need of housing programs, loans, and affordable shelter for the normal working Filipino.
Read: 3 main benefits of Pag-IBIG Fund members
It now has more than 14 million members and its sole purpose is to provide a national savings program for Filipino employees. Its goal is to help Filipinos save money for future planning of their dream houses and homes. The fund also offers its members short-term loans and access to housing programs.
Why it is important that I know how much is being deducted?
We are all aware that knowing how much the deductions are on your payslip is a big thing because it is your payslip and it is the reason why you work. Being able to know how much is being deducted can be a great factor in maintaining a balanced and well-managed salary.
Can i wedraw all my contribution in my pag-ibig? And what the requirements. Thanks.