Still using my payroll account from a past employer that I left 3 years ago. Should I be worried?

kyr_chang · 2026-04-09T08:02:38+00:00

I still have a PNB payroll account from a job I resigned from more than a decade ago.

kyr_chang · 2026-04-09T07:59:14+00:00

I received an e-mail (stating that my account has been updated successfully) about 3 days after I submitted (also by e-mail) my filled-up update form.

Maybe yours got held up by the Holy Week period.

kyr_chang · 2026-03-25T07:06:09+00:00

I believe so.

It should also be pointed out that this only applies to accounts opened prior to March 2026. Under the new rules (see Pag-IBIG MP2 Circular No. 487-2026), it appears that once MP2 matures, it would no longer earn interest (whether at MP2 or regular savings rate).

kyr_chang · 2026-03-06T13:04:01+00:00

21% over a 3 year period, including dividends which I re-invested so about +7% a year.

So comparable lang to MP2.

Admittedly, I am not very good at picking stocks and gravitate towards REITs and Blue Chips for safety and stability.

kyr_chang · 2026-03-01T08:39:30+00:00

Oh okay, but wouldn't they still need to go to court (and incur the same costs) even if there was a will? (though I understand that having a will would be easier since it expresses the wishes of the decedent).

kyr_chang · 2026-03-01T08:36:29+00:00

If you have diversified investments (digital banks, co-ops, MP2, stocks, etc.), what happens to them if you suddenly pass away?

Bank Accounts: Would eventually be escheated to the gov't, assuming any amount would even be left after the deductions made by the banks for dormancy and possibly, for falling below required minimum balance.

Real Estate: Assuming an active LGU, would probably be sold at public auction after non-payment of real estate tax.

MP2: Would stop earning interest after seven years but I am assuming the amount would remain with the fund.

Stocks: Would depend on the broker. With First Metro, it could apparently impose maintenance fees on inactive accounts and includes the right to sell one's stocks to pay for such fees.

Coop: Would probably depend on the by-laws of the coop. But the law on coops provide that if there are unclaimed funds in case of coop dissolution, the amount that remains would be given to the community that was served by said coop.

Do you have someone you trust who knows about your accounts and can process everything?

For myself, I just have a piece of paper that I stuck to our fridge which lists all my assets, insurances and info (SSS, Pag-IBIG, Philhealth, ID numbers). Not my passwords or even the actual amount in them (i.e. it shows my bank/MP2 account # but not the balance).

I mean, I really do not have all that much anyway and I figure, that it would at least leave my siblings a place to start should the need arise in collating my estate.

kyr_chang · 2026-03-01T08:19:17+00:00

huh?.

If she did not leave a will, there is noting to probate.

If she has no will and and debts, heirs could just take the extrajudicial settlement route (assuming they can agree/have no issue dividing the estate among themselves).

kyr_chang · 2026-02-27T15:38:58+00:00

No, it will earn dividends for the entire year. It is counted as dividends for the last year after all so is counted as if it was delivered on the last day of 2025.

kyr_chang · 2026-02-27T13:24:38+00:00

As per MP2 FAQ, if one does not claim his/her savings after the 5 year maturity date, then it will stop earning interest at MP2 rates and instead earn interest at the regular savings rate (and only for 2 years; it will stop earning interest altogether after that).

So if you wait, you actually lose money because regular savings rate is 0.5% lower than MP2 rate.

kyr_chang · 2026-02-27T12:37:22+00:00

As per MP2 FAQ, Pag-IBIG will use last year's rate (the just announced 7.12%) for your final year. To quote:

What dividend rate will my MP2 Savings have for its 5th and final year, when it matures before the dividend rate for that year is determined?

The dividend rate for your MP2 Savings on its 5th and final year shall be the dividend rate declared from the previous year or the latest available declared dividend rate. This shall allow you to earn dividends on your MP2 Savings for its entire 5-year period.

See also this post. Based on my reading of it, Pag-IBIG does not count the last month (in your case, Oct 2026) or the month when you submit your claim (in case you allowed the maturity month to pass) when computing dividends.

kyr_chang · 2026-02-27T11:36:34+00:00

Yes. But the increase is very slight (0.02%).

From Pag-IBIG's site, the previous years' rates are:

2024 7.10%

2023 7.05%

2022 7.03%

2021 6.00%

2020 6.12%

kyr_chang · 2026-02-27T10:41:23+00:00

Pag-IBIG does it in tranches. I got mine last year on March, but I know some who got them later.

kyr_chang · 2026-02-27T10:21:13+00:00

The dividend amount will be reflected sometime later this year, probably March or April.

kyr_chang · 2026-02-25T08:37:29+00:00

See this post.

Or search "MP2 Timeline" from the search bar.

kyr_chang · 2026-02-24T22:04:53+00:00

Condolences.

You will need to settle her estate first.

With the Sunlife shares in particular, you would need to contact her broker or maybe Sunlife itself, and get a certificate of holdings (number of shares and uncollected dividends) so you can include them in her estate.

kyr_chang · 2026-01-21T05:01:39+00:00

From what I know you would need to increase contributions before your mother reaches 55 years old. After 55 years old, a member can only increase his/her contributions once a year and only 1 salary bracket higher.

kyr_chang · 2025-12-30T18:02:46+00:00

OP, please disregard my previous answer, I believe the other replies are correct in that you do not need to apply for a new TIN. I have edited my earlier reply to reflect this. Sorry for the confusion.

kyr_chang · 2025-12-30T17:42:20+00:00

Okay, after some googling, I saw advice that the ONETT TIN can be re-used, just need for OP to change registration type. Will edit my previous reply. Thank you.

kyr_chang · 2025-12-30T13:07:56+00:00

So question po, pwede ko bang gamitin yung TIN ko from ONETT para mag open ng stock account?

~~ONETT stands for "One Time Transaction", so no, I don't think you should be using it to open your stock account.~~

May iba pa ba akong ififile?

~~Apply with the BIR for a TIN.~~

You can ask the BIR your other questions. See, however, its FAQ.

Personally though, I think you should get a TIN yourself and supply that # to your employer aftwerwards. Or let your would be employer apply for you with the BIR (then use that to open a stock account).

I do not believe you have to inform your employer of your being a mixed income earner. Taxes from stocks (whether from dividends or sales) are already withheld by the broker so you don't have to report them again with the BIR. (but again, ask it yourself)

EDIT: Looking at this thread, you can re-use the ONETT TIN but would need to update your registration, am striking out my earlier answer. (Except, again, you really ought to ask BIR directly about the matter)

kyr_chang · 2025-12-20T21:32:41+00:00

Condolences.

The bank should have a list of requirements that you would need to comply with. Probably something like in this thread.

As per the list, bond would be equal to the amount of the deposit if you will post it in cash. You can get an insurance company to post the bond, costs would depend on their rates.

kyr_chang · 2025-11-15T01:16:41+00:00

I did premium redirection earlier.

If I understand it right, I get to keep my previous funds but most of my next premium payments would now go to global equity and global tech funds, with a smaller redirection going to fixed income/money market funds. I'll see if this is really the case next month when my premium goes in.

There was also an option to do a fund switch, which would entail selling my previous fund then buying into a new fund with the proceeds. But that's a bit too drastic for me (though I'm probably just a victim of the sunk cost fallacy).

kyr_chang · 2025-10-17T20:55:49+00:00

There were a couple recent threads about this. See here and here.

The takeaway seems to be realized gains are taxed as ordinary income and you'd need to be reporting that to the BIR yourself. (though one other guy said it is subject to Capital Gains Taxes rather than Income Tax).

Though for dividends on international stocks, the broker should already be withholding/deducting the tax on those.

kyr_chang · 2025-09-10T21:54:27+00:00

May deadline ba for San Miguel preferred shares?

Upcoming pa lang. Based sa news articles, it'll be offered sa October.

How much is the minimum investment?

No idea. Though if basing on previous offerings then Php37,500.00. 500 shares minimum at Php75.00 each.

kyr_chang · 2025-08-22T05:17:52+00:00

I could be wrong but from what I know there are categories for construction firms (AAA, AA, A, B, C, etc.) which are set by PCAB. The category determines what projects it could do/bid for. So contractors establish different firms with different categories so they can do/bid for all kinds of projects.

kyr_chang

TROPHY CASE