How to Invest in Pag-IBIG MP2

Pag-IBIG MP2 (Modified Pag-IBIG II) is a government-guaranteed savings program offered by the Home Development Mutual Fund (HDMF), more commonly known as the Pag-IBIG Fund. This investment opportunity is designed for those who are looking to save money while earning higher returns compared to traditional savings accounts.

Pag-IBIG Fund, as stated in its Charter, invests at least 70% of its funds in the housing finance sector. Additionally, it also invests in government securities and corporate bonds.

What is Pag-IBIG MP2?

Pag-IBIG MP2 is a type of savings program that offers higher dividends compared to regular savings. The dividends earned are tax-free and can be withdrawn annually or after the 5-year maturity period.

Historical Dividend Performance

The average performance of the Pag-IBIG MP2 program has been consistently growing over the years, making it an attractive investment opportunity for those looking for steady returns.

Eligibility

The following are eligible to join the Pag-IBIG MP2 program:

• Active Pag-IBIG Fund members who have made at least one savings contribution within the past six months.
• Former members who have already retired or are receiving a pension and have additional sources of monthly income. They must have made at least 24 monthly savings contributions prior to their retirement.
• Individuals who were born Filipino (but have since become citizens of another country) and have reacquired their Filipino citizenship through the Citizenship Retention and Reacquisition Act of 2003, provided that they have made at least 24 monthly savings contributions before their permanent migration to another country.

It’s important to note that membership in the Pag-IBIG Fund is mandatory for all employees, and contributions to the Pag-IBIG MP2 program are voluntary.

How to Create a Pag-IBIG MP2 Account

To open an MP2 savings account, you have two options:

1. Online via Pag-IBIG Fund Services website.
2. At any Pag-IBIG Fund branch by submitting the MP2 Savings Enrollment Form, which you can download from the Pag-IBIG Fund’s website.

Note: Multiple MP2 Savings accounts can be opened and maintained by an individual.

How to Fund

When it comes to funding your MP2 account, there are several options to choose from:

1. Salary deduction, if you’re employed
2. Online remittance through authorized online payment channels such as Virtual Pag-IBIG, GCash, Moneygment App via Cashpinas, Coins.ph via Bayad, or PayMaya
3. Over-the-counter (OTC) remittance through any Pag-IBIG Fund branch, or authorized collecting partners’ outlets such as Asia United Bank, Robinsons Bank, United Coconut Planters’ Bank, SM Business Centers, Bayad, M. Lhuillier, ECPay, Philippine National Bank, Asia United Bank, IRemit powered merchants, Ventaja powered merchants, and Cashpinas powered merchants.

It’s important to note that there’s no penalty for not contributing on a regular basis. You can actually contribute to your MP2 account anytime you want. You may also choose to remit a one-time lump sum amount for the whole 5-year period of your MP2 Savings.

When is the Dividend Credited

The MP2 savings program has a 5-year maturity, and dividends are credited annually. The dividends earned are tax-free and can be withdrawn annually or after the 5-year maturity.

In conclusion, Pag-IBIG MP2 is a government-guaranteed investment opportunity that provides higher returns compared to traditional savings accounts. It is easy to open an account and there is no penalty for not contributing regularly. With multiple funding options and the ability to open multiple accounts, the Pag-IBIG MP2 is a great option for those looking to save money and grow their wealth.