9.21.2014

Projected Totals of Pag-ibig Savings After 20 Years


How much will I be able to save if I continue to save every month with Pag-ibig under its Mandatory Savings Program or Pag-ibig 1?

Here is a table of projected TOTAL PAG-IBIG SAVINGS presented by Pag-ibig Fund at its website pagibigfund.gov.ph:


Monthly Savings
Savings in 20 Years
Total Savings with
4% Annual Dividends
200
48,000
73,015.85
300
72,000
109,523.77
400
96,000
146,031.70
500
120,000
182,539.62
1,000
240,000
365,079.24
1,500
360,000
547,618.87
2,000
480,000
730,158.49

The 4% dividend rate is an estimate.

Pag-ibig determines the annual dividend rate every year, usually within the 1st quarter of the following year. The basis is the total income earned by the mandatory savings Pag-ibig program or Pag-ibig 1 program for the previous year.


I tried computing Total Savings using one of the compound interest calculators found online, and I got almost the same amounts. So you can try computing for different monthly savings amounts like 250 pesos or 350 pesos, 700 pesos, etc. Just google "compound interest calculator".
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2 comments:

  1. ok lang po ba kung mag papamember po ako sa MP2 at dito din po sa TOTAL PAG-IBIG SAVINGS ? sino ang qualified para dito? salamat po

    ReplyDelete
    Replies
    1. About MP2
      Is it okay if I become a member of MP2 and also this Total Pag-ibig Savings? Who are qualified? Thanks po
      ANSWER:
      If you have a regular source of income, you can be a member of Pag-ibig. First, apply for your Pag-ibig MID no. This is how to get your Pag-ibig MID no. online. This will be your Pag-ibig no. for Pag-ibig 1. After getting your MID no., go to the Pag-ibig branch nearest your residence, with your ID and any proof of your source of income, and ask the guard about where to go, as you're a new member making your first payment. Ask also for an MP2 form, so you can submit your registration the same day (if allowed). They will give you a payment order, and you make your first payment.

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