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MP2 Calculator

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The MP2 Savings is a special voluntary savings facility with a 5-year maturity, designed for active Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings. Have you heard about it or are you interested to know how much your money can grow? We have made an app that you will find useful. MP2 Calculator is an app for computing how much your MP2 (Modified Pag-IBIG 2) savings may grow based on actual dividend rates. Using the app, you can select the savings type you want (monthly savings or a one-time lump sum saving), input the savings amount, and select the start year. The app will then compute the dividends and total amount per year based on the dividend rate. If the dividend rate for the year is not yet available, it will use the latest available rate. MP2 Calculator on a phone showing input (left) and output (right) screens The output screen will display the results for both the annual dividend payout option

Sweldong Pinoy and Budget Pinoy for 2024

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Update : The increase in contribution for Pag-IBIG Fund (HDMF) will be straight to 200 instead of 150. The apps have been updated. Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Budget Pinoy is a tool for Filipinos in finding out how much their asking salary should be based on their budget. In 2024, the contibutions for PhilHealth and Pag-IBIG Fund will be higher. PhilHealth In accordance with the Universal Health Care Act (Republic Act No. 11223), the PhilHealth contribution rate will now be 5.0% (from 4.5%) and the income ceiling will increase from 90,000 to 100,000. Source: https://twitter.com/teamphilhealth/status/1200200278508625922 Pag-IBIG Fund Pag-IBIG Fund members' mandatory monthly savings was also scheduled to increase from the current P100 to 150 by January 2021 and to 200 by January 2023. These have been deferred from 2021 to 2023. The contribution

Sweldong Pinoy: A Guide to Understanding Net Pay, Deductions, and Managing Your Income

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Managing your income can be a tricky task, especially when it comes to calculating your take-home pay after all the necessary deductions. Thankfully, there are tools like Sweldong Pinoy that can help make this process easier. In this post, we will discuss what Sweldong Pinoy is, how to use it, the difference between net pay and gross pay, and what deductions to expect. Finally, we will end with a recommendation on how to manage your income nicely. What is Sweldong Pinoy? Sweldong Pinoy is a free online tool that helps Filipino employees calculate their monthly net pay. It takes into account all the necessary deductions, such as taxes, SSS contributions, PhilHealth contributions, and Pag-IBIG contributions. The tool is easy to use and can help employees get a clear understanding of how much they will take home at the end of the month. Sweldong Pinoy: Enter your Basic Pay or Gross Pay. Add allow

Sweldong Pinoy and Budget Pinoy for 2023

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Update : The increase in contribution for Pag-IBIG Fund (HDMF) and PhilHealth will not continue this year. The Sweldong Pinoy apps have been updated. Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Budget Pinoy is a tool for Filipinos in finding out how much their asking salary should be based on their budget. In 2023, the tax deductions will decrease but the contibutions for PhilHealth, SSS, and Pag-IBIG Fund will be higher. Tax According to Republic Act 10963 or Tax Reform for Acceleration and Inclusion (TRAIN), the taxes will be reduced starting 2023. SSS Pursuant to Republic Act No. 11199 (The Social Security Act of 2018), the monthly contributions of SSS members will be increased from the current 13% to 14% . Employer share will be 9.5% (from 8.5%) while the employee share will still be 4.5% . The minimum and maximum salary credits to be used for computation wi