Layers
Download

Pag-IBIG MP2 · 5 years · dividends

Put your ipon to work — Pag-IBIG MP2 calculator and payroll deduction letter

Short answer. The letter to your HR is open below: monthly MP2 savings straight from payroll. Who can save: All active Pag-IBIG I members regardless of income; former members and pensioners with another source of monthly income and at least 24 monthly savings (MP2 Terms and Conditions, item 1).

  • MP2 matures — 5 years from the first payment: type the date
  • If not withdrawn: Pag-IBIG I rates end, the savings become accounts payable (2 years after maturity): type the date

Check your own case.

Term: five (5) years reckoned from the date of the initial payment (MP2 Terms and Conditions, item 7). After maturity, unclaimed savings earn Pag-IBIG I rates for the next two (2) years, then are reclassified as accounts payable (item 9).

Download Word Save + deadline reminder
Put your ipon to work: first page
Open full screen

Start typing right in the document — no sign-up. It stays in this browser; save it to your free Layers account to keep it, open it on your phone and share it.

Send to a chat: WhatsAppTelegramViberMessenger
Embed on your site

Paste this code on your site (law office, school, blog) — readers fill in the template right on your page, free.

Your numbers

MP2 in 5 years — what you put in and what it grows to

Monthly savings, a one-time amount (your ipon) and how dividends come. Estimate at the last declared MP2 rate — 7.12% for 2025; change it if you want to see a lower one.

Download the MP2 plan (Excel) Download the payroll deduction letter (Word) Save + reminder before maturity

  1. Open your MP2 account online in Virtual Pag-IBIG and write the MP2 account number into the letter.
  2. Hand the letter to HR and get "Received by" signed — or pay MP2 yourself every month.
  3. Check that every payment appears in your MP2 records. The reminder fires before maturity: withdraw or open a new MP2.

Rules (Virtual Pag-IBIG — MP2 Savings, Terms and Conditions): minimum ₱500 per payment (item 3); dividends declared every year after the net income is approved — annual payout or compounded (items 5–6); term 5 years from the first payment (item 7); early withdrawal only for listed reasons, otherwise 50% of the dividends (items 10–11). Estimate: one rate for all years, monthly accrual, credited at each year-end; 7.12% is the rate declared for 2025 (Pag-IBIG Fund, 27 February 2026).

Atty. Liza, Layers template assistant

Atty. Liza, Layers template assistant

Tell me how much you can set aside a month, and your ipon if you have one. I will show the 5 years year by year.

Compounded grows more; annual payout gives you cash every year. The chart shows both if you switch.

An illustrated character, not a lawyer.

Deadlines

The rules, with the source

WhatDeadlineSource
Who can saveAll active Pag-IBIG I members regardless of income; former members and pensioners with another source of monthly income and at least 24 monthly savingsMP2 Terms and Conditions, item 1
Minimum₱500 per payment; above ₱100,000 — proof of income or source of funds; one-time savings above ₱500,000 — by personal or manager’s checkItems 3–4
DividendsDeclared every year after the Board approves the net income; you choose annual payout or compoundedItems 5–6
Last declared rate7.12% for 2025 (6.62% for regular Pag-IBIG savings), announced on 27 February 2026; 7.10% for 2024Pag-IBIG Fund announcement, reported by the Philippine News Agency (PNA)
Term5 years from the first payment; to continue, open a new MP2 accountItems 7, 9
Early withdrawalAllowed for listed reasons (disability, death in the family, retirement, permanent departure, layoff or closure, critical illness, OFW repatriation); otherwise 50% of the dividends is lostItems 10–11

The calculator is an estimate: it applies one rate to all 5 years, accrues monthly and credits dividends at each year-end. Pag-IBIG declares each year’s rate after the year closes, so your real dividends will differ.

Step by step

What to do, in order

  1. 1

    Know your MID number

    Your Pag-IBIG membership ID.

  2. 2

    Open an MP2 account

    Online in Virtual Pag-IBIG; note the MP2 account number.

  3. 3

    Choose how dividends come

    Compounded (added to the balance) or paid out every year.

  4. 4

    Hand the letter to HR

    Monthly deduction from payroll; get "Received by" signed.

  5. 5

    Put in your ipon

    A one-time payment from your 52-week challenge — enter it in the calculator.

  6. 6

    Check your records

    Make sure every deduction appears in your MP2 account; the reminder below fires before maturity.

Questions

Is MP2 guaranteed?

The MP2 Terms say dividends are declared each year from Pag-IBIG Fund’s net income, so the rate is not fixed. The calculator uses the last declared rate, 7.12% for 2025.

Can I withdraw before 5 years?

Only for the reasons listed in the MP2 Terms (for example disability, retirement, layoff, critical illness). For any other reason you lose 50% of the dividends.

Does my employer have to deduct MP2 from my salary?

The letter is a request. If payroll cannot do it, you can pay MP2 yourself through Pag-IBIG Fund’s payment channels.

Official sources

Step 2 of 2

From ipon to dividends: the 2 steps

  1. 1 Save 52 weeks (ipon challenge)
  2. 2 Put your ipon to work (MP2)

Other documents

Keep the papers in one place

Letters, receipts and notices in one folder you can share with family or a lawyer. The templates and the editor are free; Layers is free for up to 20 people.

Start free Get the Word file

This is a ready letter and an estimate, not financial advice.