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20% Tax on Interest Income Philippines (2025): What Savers Need to Know

Effective July 1, 2025, the Philippine government rolled out a flat 20% final withholding tax (FWT) on all interest income from bank deposits. Yes, kahit anong klase pa ’yan—regular savings, time deposits, or foreign currency accounts—basta may interest, may bawas … Continue reading

Pag-IBIG Fund

2023 Pag-IBIG MP2 Dividends are now being credited

It was only a few days ago when Pag-IBIG unveiled the dividend rate for 2023. And now, the dividends are being credited to members’ accounts. Pag-IBIG has also posted the same info on their Facebook page. Take note that it … Continue reading

Pag-IBIG Fund

2023 Pag-IBIG Dividend Rates for Regular Savings and MP2 are out

Pag-IBIG Fund has just announced the latest dividend rate for both Pag-IBIG Regular Savings and MP2. Compared to last year’s announcement, Pag-IBIG announced it a month earlier than expected. What are the dividend rates for Regular Savings and MP2? The … Continue reading

Pag-IBIG MP2

How to pay Pag-IBIG MP2 contribution through BPI

When paying MP2 contributions, I always recommend doing it via the Virtual Pag-IBIG website. However, let’s admit that paying MP2 contributions via debit/credit card will cost you a 1.75% convenience fee. So that’s a bit costly if you’re going to … Continue reading

Pag-IBIG MP2

Life hack: How to pay MP2 contribution using a credit card with just a 5-peso convenience fee

Note: this lifehack no longer works for a Mastercard. I’m sure you’ve thought of using your credit card to pay for your MP2 contribution but have considered not doing it because of the hefty 1.75% convenience fee. Before I share … Continue reading