What you need to know
PayPal´s Savings Fund Plan is a short-term tax optimization savings vehicle. This is one of the easiest ways to save throughout the year — and receive free money from PayPal, too!
How the plan works
This plan is made up of contributions from you and PayPal. You’re automatically enrolled upon hire and there is no waiting period.
Both you and PayPal contribute 13% of your base salary to your savings account every pay period. The contributions are capped to 1.3 monthly UMA, which equals $4,471.29 MXN. The savings funds contributions are managed by Actinver, our plan administrator.
At the end of each plan year (approximately mid-January), you receive the balance of your account, including PayPal’s contribution, your contribution, and the investment return.