Guide on Pag-IBIG Contribution 2024 To Maintain an Active Account
PAG-IBIG CONTRIBUTION 2024 – You can check here the rates set by the Fund for its members who are locally-employed.
Are you one of the members of the Pag-IBIG Fund? The government office is serving the Filipino people for decades now and has helped countless individuals achieve residential properties of their own via light monthly installments.
There is a huge advantage in the pursuit of maintaining an active account to the Pag-IBIG Fund. There are several Pag-IBIG loans that you can turn to in times of the following:
- residential property acquisition / construction / improvement
- natural calamities
- short-term needs
To maintain an active account to the Fund, you need to regularly post the Pag-IBIG contribution based on the rate set for you at the current year — like now, the Pag-IBIG contribution 2024. The fund has set different rates among the following:
- locally-employed individuals
- self-employed individuals
- overseas Filipino workers
- Kasambahay members
- voluntary members
- non-working spouses of the Pag-IBIG members
One of the wisest moves to make at the start of the year is to check the Pag-IBIG Monthly Contribution rates. It is the way to ensure maintaining an active account.
Undeniably, most of the Pag-IBIG member population is composed of individuals who are locally-employed in the Philippines. In the case of the locally-employed individuals, the employers, the employer take a part of the monthly contribution based on the percentage set by the Fund.
Here is the Pag-IBIG contribution 2024 for individuals who are working in the government as well as the businesses and companies in the private sectors in the country:
Contribution Rate | Monthly Compensation | Employee’s Monthly Contribution | Employer’s Share |
1.0% | Php 1,500 and below | 1.0% | 2.0% |
2.0% | Over Php 1,500 | 2.0% | 2.0% |
Aside from the loans, maintaining an active account to the Fund is an assurance that there is a collective savings that you can claim from your Pag-IBIG contribution later on.