The Modified Pag-IBIG II (MP2) Savings Program is a voluntary savings scheme offered by the Pag-IBIG Fund, designed to provide members with an opportunity to earn higher dividends compared to the regular Pag-IBIG savings program. With a minimum contribution of PHP 500, members can choose to save monthly or make a lump-sum deposit, with no maximum limit on the amount they can save. The program has a five-year maturity period, and members have the option to receive dividends annually or upon maturity, with the dividends being tax-free and derived from at least 70% of the Pag-IBIG Fund’s annual net income .
Eligibility for the MP2 program includes active Pag-IBIG Fund members, as well as former members with a source of monthly income or pensioners, provided they have made at least 24 monthly savings. The savings are government-guaranteed, ensuring the safety of the investment. Members can open multiple MP2 accounts and have the flexibility to choose their preferred mode of contribution, whether through salary deduction, over-the-counter payments, or online banking channels . Upon maturity, members can withdraw their savings or opt to reapply for a new MP2 account to continue growing their funds.
Pag-ibig MP2 Calculator
Pag-IBIG MP2 Dividend Calculator
Compounded Annual Dividends
Annual Dividend Payout (Non-Compounded)
Dividend Comparison Chart (Bar)
Dividend Trend Over Time (Line Chart)
How to Use the Pag-ibig MP2 Calculator
These are the simple steps needed to calculate your annual earnings and for the next 5 years Pag-ibig MP2 Savings. Its easy to use because the embedded file is in excel format.
Access the Pag-ibig MP2 calculator by navigating to the page https://pag-ibigmp2.com/pag-ibig-mp2-calculator/
On the initial deposit section type the amount of your initial investment for the example above the first month contribution is set to 500 pesos.
On the monthly contribution section, type the regular amount of savings you want to invest for the succeeding months. We assume that you will diligently save for up to 5 years and you will see the results of each year in the Total Dividends Earned (Compounded or non compounded).
Set the dividend rate you that the pag-ibig has been giving and for our example we assume a 7% average rate for each of the year.
Finally click the calculate button to display the dividends for each year and the charts.
If you only save for a year check only the results under the first year section. For our example with a Php500 initial start and Php500 monthly contributions for a year, you will get a Php227.50 pesos dividend.
The chart provided also gives a visual view of how much the earnings for each year will be.
We have provided excel calculations you can use for both annual dividend payout option and compounded annual dividend pay-outs.
Frequently Asked Questions
Is the web app above free to use for pag-ibig MP2 calcualtions?
Yes, this is a free pag-ibig mp2 calculator we have provided for your convenience
Can I try using different amount of contributions and see the results?
Yes, simply follow the guide we have provided. You only need to type the 1st month contribution, monthly contribution and the dividend rate you are expecting.
Will the results be the same with my pag-ibig mp2 savings account dividends?
Yes, we have double check the results and they matches. Take note that the assumption on the pag-ibig mp2 calculator is you will regularly contribute for each month. The calculation will be different If you missed a month or two. We will create another calculator based on that assumption. Please wait for it.
What should I do if I accidentally type the wrong amount or values?
No worries, you can just refresh the page and start over again.
How does the Pag-ibig MP2 calculator estimates dividends for each year?
The MP2 dividend for the first year is calculated by averaging the starting amount and cumulative savings, then multiplying this average by the dividend rate. The formula is: D = ((sa + cs) / 2) * dr, where D is the dividend, sa is the starting amount, cs is the cumulative savings, and dr is the dividend rate.
Explanation:
- sa: This is the initial amount deposited in the MP2 account.
- cs: This is the total amount of savings accumulated in the account, including all deposits made throughout the year.
- dr: This is the dividend rate declared by Pag-IBIG for the MP2 Savings Program.
Example:
Let’s say you started with a starting amount of ₱500 and accumulated a cumulative savings of ₱6,000 in your first year. If the dividend rate for that year is 7.10%, the calculation would be:
D = ((500 + 6000) / 2) * 0.0710 = 3250 * 0.0710 = ₱230.75
Hoes does the Pag-ibig MP2 calculator estimate dividends for years 2 to 5?
The formula for calculating MP2 dividends in the second year and beyond is: D = ((tav + mc + cs) / 2) * dr, where D = Dividend, tav = Total Accumulated Value, mc = Monthly Contribution, cs = Cumulative Savings, and dr = Dividend Rate. This formula essentially takes the average of your total accumulated value, monthly contribution, and cumulative savings, then multiplies it by the dividend rate to determine your dividend amount.
Explanation of the terms in the formula:
- tav (Total Accumulated Value):This is the total amount of your savings at the beginning of the period, including any previous dividends.
- mc (Monthly Contribution):This is the amount you contributed to your MP2 savings during the current period.
- cs (Cumulative Savings):This is the total amount you have saved in your MP2 account, including all previous contributions and dividends.
- dr (Dividend Rate):This is the percentage rate that Pag-IBIG declares for MP2 dividends for the year.
Example:
Let’s say you have the following values: tav = ₱6,243.75, mc = ₱500.00, cs = ₱12,243.75, and dr = 7.10.
Using the formula:
D = ((6,243.75 + 500.00 + 12,243.75) / 2) * 7.10% = ₱674.06
In essence, the formula calculates the average value of your savings (including the contributions you’ve made) and then applies the dividend rate to that average to determine your dividend earnings for the year.
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