Author Topic: Ano ba difference ng Pag ibig 1 and Pag ibig 2? Bakit magkahiwalay pa sila?  (Read 1594 times)

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ZuvelCompany

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Member ba kayo ng pag ibig? Narinig ko lang eto nung nagpunta ako sa branch sa makati. They have this Pag Ibig 2... Ano ba difference ng Pag ibig 1 and Pag ibig 2? Bakit magkahiwalay pa sila?

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GreenMoney

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According po sa site ng pagibig may difference po yung 2.

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First, please be aware that the two programs are different from each other and as you read along this article we’ll touch base with some of the benefits you can derive by participating in the Pag-IBIG II Program.

The following are the differences of the two:

1. Membership — In order to participate in Pag-IBIG II, the only requirement is that you have to be a member of Pag-IBIG I. There’s no other way. Think of it as placing an investment in the Fund, and it is really that – an investment program. Participating in Pag-IBIG II program is voluntary and is open to all Pag-IBIG I members only.

2. Contributions — With Pag-IBIG I, your regular monthly contribution is P 200. For employees, that is a 50-50 split, with the other half courtesy of the employer. Self-employed and self-paying members have to shoulder the whole amount. With Pag-IBIG II, the monthly investment is at least P 500; remember: no less!

3. Maturity — Pag-IBIG I will mature in 20 years. Pag-IBIG II matures in 5 years, though you have an option of extending it for another 5 years.

4. Dividend Rate — There’s that word again. Remember, your money in Pag-IBIG Fund will not earn an interest, but it will earn a dividend. The difference between the two is the difference between a savings program and an investment program.

The Management of the Pag-IBIG Fund assures those who are participating in Pag-IBIG II that their money will earn dividend that is a bit higher than their earning in Pag-IBIG I. However, there is no pre-stated rate of return, because the amount of dividend has to be decided by the board every first quarter of the year and whether you like it or not this will depend on many things among them is the performance of the Pag-IBIG Fund.

5. Access To Loans — Here is a slight downside of the Pag-IBIG II Program: You can’t loan against it. Remember that when you apply for a Pag-IBIG Multi-Purpose Loan, your loan eligibility depends on the amount of your TAV (contributions + dividend) from the Pag-IBIG Fund. You can’t use Pag-IBIG II in such kind of short-term loan.

Think about Pag ibig as an investment. Di ka pwede mag loan dito... only don sa Pag ibig 1 program lang.


RichPoorDad

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i would just like to know how this investment is about... is this tax free?

Paano ang computation dito?
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GreenMoney

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Ang sabi... You really should think of Pag-IBIG II as an investment program and keep the following points in mind:

higher dividend
shorter maturity term
guaranteed by the government
tax-free
tax shelter


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