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The loan had a lower interest rate compared to the prevailing rate in the market and payable in longer terms. Pag-IBIG Fund offers a home loan at a low interest rate of 4.5% (for ₱450,000 loan) with a loan term of up to 30 years. A qualified member can get a maximum loan amount of up to ₱6 million.
The SSS PESO (Personal Equity Savings Option) Fund is a voluntary savings program that members can utilize to augment their retirement benefits from the regular membership. [20] Launched in September 2014, it is a provident fund that gives tax-free returns and it can be made available effective upon the retirement of the members or when certain ...
No self-employed person has to be envious of other workers’ pensions, IRAs, or 401(k)s with these approaches to retirement planning you can do largely on your own.
The Pantawid Pamilyang Pilipino Program or "4Ps" (conditional cash transfer) is a human development program that invests in the health and education of poor families, primarily those with children aged 0–18.
The right self-employed retirement plan depends so much on your individual circumstances, but for those who are the company’s sole employee (also including a spouse), the solo 401(k) is a great ...
My Solo 401k Financial's self-directed 401(k) plans for self-employed individuals now qualify for up to $1,500 in tax credits under the Secure Act. The tax credit is a dollar-for-dollar reduction ...
The GSIS was the first government agency in the Philippines to adopt the Unified Multi-Purpose ID System, "which aims to streamline and harmonize the identification systems of all government agencies and government-owned and controlled corporations through the use of a unified multi-purpose ID". [8]
Unable to change withdrawal amount: Even if your financial circumstances or life expectancy changes, you’re still stuck with the same payment amount, thus the “equal payments” part of SEPP.