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#181

How to Save While Working in Japan : Build Your Savings with Pag-IBIG MP2 Through PhilMoney

by Ivy E.A.

Working in Japan isn’t only about earning and sending money home it’s also an opportunity to build savings for your future.

One option for Filipinos and OFWs is the Pag-IBIG MP2 Savings Program, a voluntary savings program for qualified Pag-IBIG members who want to save more in addition to their regular Pag-IBIG savings.

What Should You Know About MP2?

Here are some important basics :

Minimum savings: ₱500
Maturity period: 5 years from the date of the initial payment
Dividends: Rates are declared by Pag-IBIG Fund and may vary from year to year
Dividend options: Annual payout or compounded dividends
Early withdrawal: Allowed under certain conditions set by Pag-IBIG Fund; other early withdrawals may affect the dividends you receive
After maturity: A new MP2 account is needed if you want to continue participating in the program

Make Saving Part of Your Routine in Japan

Through PhilMoney, customers in Japan can conveniently make payments or contributions to their existing Pag-IBIG MP2 account.

Instead of waiting until you have a large amount, try setting aside a portion of your salary regularly.

Salary → Expenses → Padala → MP2 Savings

Even small and consistent contributions can help you work toward long-term goals such as retirement, education, a future home, or other financial plans.

Before Making an MP2 Payment

Make sure you are already enrolled in Pag-IBIG MP2 and have the correct MP2 Account Number. PhilMoney facilitates the payment or contribution only; MP2 enrollment, account creation, account verification, withdrawals, and other account-related concerns must be handled directly with Pag-IBIG Fund.

OFW Saving Tip

Treat your savings like part of your monthly budget. You don’t always need to start big—the important thing is to save consistently and plan for the future.

Padala para sa pamilya. Ipon para sa future.