30 comments

  1. Can someone detail the fees and expenses involved? From what I’ve read they will only discuss these in person.

  2. Hi Fitz, just want clarification on this……..

    ” Client Suitability

    Participation in the Fund shall be open to Participants who are (a) individuals; (b) have legal capacity to contract; (c) who have a Philippine Tax Identification Number (TIN); and (d) whose funds are in a PERA. The Fund is suitable for Participants with an aggressive risk profile and who seek potentially higher returns through stock market investments but are also aware of the possibility of capital losses that such investments may entail. In order to minimize risks and maximize earning potential, Participants are recommended to stay invested in the Fund for more than three (3) years. The Fund is not suitable for short-term investing. ”

    This is from BDO PERA Equity Index Fund but it is not stated here that you will incur flat rate penalty based on the total income. . . . . accordingly, there’s a minimum holding period of only 30 calendar days…. Please enlighten us on this…..thanks

  3. This is from BDO PERA Equity Index Fund but it is not stated here that you will incur flat rate penalty based on the total income when redeemed before reaching the age of 55. . . . . accordingly, there’s a minimum holding period of only 30 calendar days…. Please enlighten us on this…..thanks

  4. Hi Fitz, as an ofw who will restrict or monitor me from placing 200k or more on each of my pera acct from different bank?

  5. […] I  know that it could benefit a lot of SavingsPinay readers. I first heard about PERA through Sir Fitz of Ready to be Rich. Reading his blog post is a good primer to know the facts about PERA. After 8 years, PERA is now […]

  6. Hi Fitz! Have you gotten your PERA already? May we know from which Administrator? 🙂 Also, I would want to understand if it’s wise to invest in PERA while I’m still 23. I’m investing in stocks, insurance and cooperatives already. I’m planning to invest in UITF or MF to diversify. If yes, why? If no, which UITF or MF company do you recommend other than PERA? I was thinking I’ve got 32 years to wait before I could make use of my investment. Yeah I know it’s for retirement but isn’t 55 too old already? Hope they reconsider the terms soon, so I could at least get to enjoy my hard-earned money and retire at a younger age, say 45-50 (22-27 years of contribution of max 100K is not bad enough) Hope you could enlighten me. Thanks in advance!

  7. Hi Jessica, no I have not. It’s still not available in BDO nor BPI, where I plan to get them. I also suggest defining your investment goals first, so you can determine the best investments for you.

  8. I just went last week and it’s already available in BPI. They emailed me the details as well.

  9. Hi JCE, that’s good to hear. Which BPI branch is this? I’ll go to my branch next week and inquire as well.

  10. According to the Investment Councilor I spoke to…
    Since it is in its early stages, all account opening for PERA will be done
    at the BPI Head Office only — 17/F, BPI Head Office
    Ayala Avenue corner Paseo De Roxas, Makati City 1226

    Hope this helps!

  11. Hi Fitz thanks for this article. Just want to clarify if the 5% tax exemption is applicable 1 time or applicable throughout the entire investment?

    I overheard that it is only applicable to the first 100K? Please advise.

  12. Hi Fitz, Just like to ask if were you able to use the 5% tax credit on your taxes? How does this work? Is it correct that the bank (right now only BPI & BDO can be Administrators) will apply the tax credit certificate to BIR? and then after that what is the next step? My PERA acct is with BDO.

  13. @Weng, according to my accountant, yes. It will be deducted on the annual income tax return.

    @Ned, based from experience, BPI has better customer service (at least in my area). But if you’re asking about performance, it’s irrelevant. That depends on where you are investing it.

  14. Can a company open the PERA account for its employees? How will the tax credit be applied if an employee has basic salary plus commissions?

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