The Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker.
How is HDMF/Pag-IBIG contribution(s) calculated?
Pag-IBIG contribution is capped at ₱10,000 of an employee's monthly basic salary. This means that the monthly maximum Pag-IBIG employee contribution is ₱200 and the maximum Pag-IBIG employer’s contribution is also ₱200. If you are receiving a monthly salary of ₱10,000 and above, HReasily will automatically deduct ₱200 for both employee and employer Pag-IBIG contribution. Otherwise, the system will calculate based on the percentage provided in the table below.
For more details, kindly refer to this page: Circular No. 460
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