What is HDMF/Pag-ibig?
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 P5,000 of an employee's monthly basic salary. This means that the monthly maximum Pag-ibig employee contribution is P100 and the maximum Pag-ibig employer’s contribution is also P100.
If you are receiving a monthly salary of P5,000 and above, HReasily will automatically deduct P100 for both employee and employer Pag-ibig contribution; Otherwise, the system will calculate based on the percentage provided in the table below.