ContributionsInstitutions
Pag-IBIG
A savings fund that also lends for housing. What you put in comes back to you, with dividends.
Most useful for: Fresh grad, Career shifter, Government
- In real life
- 2% of up to ₱10,000 of pay. On ₱30,000: ₱200 from you and ₱200 from your employer.
- Why it matters to you
- It is savings, not a fee, and it opens the door to a housing loan.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.