How can you make money with Pag-IBIG MP2?
Xian Senado
Life & Wealth Coach, Hustle — Nxtlvl! | Helping high-performers achieve financial and personal abundance | Providing valuable insights & coaching into personal finance, development, and mastery.
What is Pag-IBIG MP2?
The Modified Pag-IBIG II (Pag-IBIG MP2) Savings Program is a?voluntary savings program with a 5-year maturity that is intended for active Pag-IBIG Fund members who want to save more and earn higher dividends in addition to their Pag-IBIG Regular Savings.
Since its launch, MP2 has earned higher interest and tax-free dividends than traditional savings accounts. The dividend rate for Pag-IBIG MP2 was 7.23% in 2019.
How does Pag-IBIG MP2 earn?
Pag-IBIG will use your contributions to invest in assets and produce profits through home loan financing. According to law, 70% of Pag-IBIG money is allotted to housing loans.
How much can Pag-IBIG MP2 potentially earn??
The Pag-IBIG MP2 is a long-term investment, and your MP2 account will earn dividends, with returns determined by both the amount of money in your MP2 savings and the length of time you invest.
Investing ?2,000 per month for 5 years can significantly grow with MP2 savings, as shown in the example below.
What happens after the 5-year lock-in period?
Once the lock-in period ends, your savings will be transferred to a standard Pag-IBIG savings account. Your funds will thereafter earn only the same as a standard savings account, and if no withdrawals are made, they will stop earning interest after two years.
Is it worth investing in Pag-IBIG MP2?
Pag-IBIG MP2 differs from traditional mutual fund investments in that it provides equivalent profitability while eliminating the customary associated costs. This makes it a financially beneficial decision for the majority of MP2 savers, as explained below.
Pag-IBIG MP2 is a highly recommended investment. It provides a low-risk opportunity with few drawbacks, making it a safe diversification alternative. Aside from the 5-year lock-in term, it is less constrained than other investments, and the prospective returns are decently high.
If you want to calculate your potential earnings with Pag-IBIG MP2, I have a free Google Sheet ready for you. To get it for free, make sure to join my community and read my post about Pag-IBIG MP2.
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