Exploring options to meet your financial goals?
Recently I’ve been receiving lots of investment questions from family and friends so I thought to share what I suggest to them if they:
- want to start small
- can’t take a lot of risk
- need assistance on being consistent π
Hope it helps you as it did to me.
So it’s MP2 from Pag-IBIG.
What is it?
The MP2 Savings Program is a voluntary savings platform for Pag-IBIG Fund members who wish to save more and earn high dividends, in addition to their Pag-IBIG Fund Regular Savings.
Investment Amount
Minimum: P500
Maximum: None.
Frequency:
Monthly or One-time
Terms: 5 years
Dividends:
No less than 70% of Pag-IBIG Fundβs annual net income, tax-free.
For reference, the average MP2 dividend rate in the past three years (2016-2018) is at 7.65%. (from Pag-IBIG website)
May be withdrawn after the 5-year maturity or via Annual Payout.
Sample computations:
How to enrol?
Online: https://www.pagibigfundservices.com/MP2Enrollment/
Or submit your duly accomplished MP2 Savings Application form:
1) At your nearest Pag-IBIG Fund Branch, together with a valid ID and Passbook or ATM Card of your nominated bank account; or
2) If employed, through your HR.
You may download the MP2 Savings Application form here: https://www.pagibigfund.gov.ph/forms_provident.html
How to remit?
1) Salary deduction, upon agreement or arrangement with your employer;
2) At any Pag-IBIG Fund Branch; or
3) At any Pag-IBIG Fund-accredited collection partner.
As simple as that. All prayers to you who read this. May we all reach our financial goals!
Please feel free to share. Sharing is caring! Para sa ikauunlad ng bayan!
Btw, shout out to my friend Edgar D. who shared this with us. lablab!
Source and for more info you may check out Pag-IBIG’s site here: https://www.pagibigfund.gov.ph/
(Yup, photo has no connection or whatsoever. Just what I saw just before I felt like writing. It’s in Nagtabon Beach, Palawan btw)