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PNB PERA Bond Fund

Thinking of your retirement? PERA is the key!

Why Should You Invest

  • Boost your retirement savings and retire comfortably.
  • Enjoy generous tax incentives
    • 5% Tax Credit on annual contributions
      • Resident Filipinos: Max of PHP 5,000
      • OFWs: Max of PHP 10,000
    • Exempt from investment income tax
    • Exempt from Estate Tax
    • Tax-free withdrawals (at the age of 55 years and with at least 5 years of contributions)
  • Very Affordable! Invest for as low as Php1,000

How to Invest

  • STEP 1: Check if you are eligible and have all the required documents.
    • Filipino
    • At least 18 Years Old
    • Tax Identification No.
    • CA/SA with any bank
    • Valid ID
    • Has a source of income in the country or abroad
  • STEP 2: Sign up for a PERA account via the Seedbox platform (https://pera.seedbox.ph/).
    You will also need to do the following:
    • Fill out all the necessary information
    • Take the client suitability assessment.
    • Attend the Video KYC session.
  • STEP 3: Select a PERA Fund that you wish to invest in.
    • You may start investing in the PNB PERA Bond Fund once your account has been approved.
    • Make sure to fund your investment through the available payment channels.
    • Maximum contribution is P100,000 per year. For OFWs, it is up to P200,000.
It’s never too early to start.

For as low as P1,000, you can invest towards your retirement with the PNB PERA Bond Fund!

For more information, you may contact Trust Customer Care trust_customercare@pnb.com.ph.

Frequently Asked Questions

  • Any Filipino, whether residing here or abroad, may open a PERA account.
  • Below are the basic eligibility criteria and requirements:
    • At least 18 years of old
    • Must be employed or self-employed
    • Has a source of income in the country or abroad
    • Must have a Tax Identification Number (TIN)
    • Must have a bank account to be used as settlement account
    • Must have a Valid government-issued ID (Driver’s License, Passport, UMID, SSS ID, etc.)
  • Boost Your Retirement Savings and Retire Comfortably
  • Not Mandatory; Invest any amount anytime you want, for as long as you don’t go beyond the annual limit.
  • Enjoy generous tax incentives as follows:
    • 5% Tax Credit on annual contributions
      • Resident Filipinos: Maximum of PHP 5,000
      • OFWs: Maximum of PHP 10,000
    • Exemption from investment income taxes
    • The table below further illustrates the tax benefits of PERA
      Year
      Contribution (Php)
      Principal Account Balance
      5% Tax Credit (Cumulative)
      Amount Exempted from Investment Income Tax
      1 100,000 100,000 5,000 100,000
      2 50,000 150,000 7,500 150,000
      3 75,000 225,000 11,250 225,000
  • Not considered as an asset and therefore exempt from Estate Tax /Insolvency.
  • Tax-free withdrawals (at the age of 55 years and with at least 5 years of contributions)
  • Here are the basic product features of the PNB PERA Bond Fund:
    Fund Name
    PNB PERA Bond Fund
    Fund Classification
    Medium Term Bond Fund
    Investment Outlets
    Deposits and Other Fixed Income Securities
    Investor Risk Profile
    Moderate
    Min. Initial Participation
    Php1,000
    Min. Additional Participation
    Min. Maintaining Balance
    Minimum Holding Period
    30 Calendar Days
    Trust Fee
    1%* p.a. of fund value
    Early Redemption Fee
    50% of income earned, if any
    Investment Horizon
    Up to 5 Years
    Valuation
    Mark-to-Market
    Benchmark
    Markit iBoxx ALBI Philippines 1–5
    *Includes Admin Fee paid directly to the Administrator
  • Each PERA investor may contribute up to PHP 100,000 every year. On the other hand, OFWs can invest up to PHP 200,000 yearly.
    Contributor
    Maximum Annual PERA Contributions
    Single P100,000.00
    Married (both spouses qualify as contributor) P100,000.00 for each qualified contributor
    Unmarried Overseas Filipino Workers (OFWs) P200,000.00
    Married OFW whose legitimate spouse is also OFW P200,000 for each qualified contributor
  • Contributor may open and maintain up to of 5 PERA accounts for as long as your total is within the limit.
  • Contributor shall designate and maintain only 1 Administrator for all his/her PERA
  • For the PNB PERA Bond Fund, PNB will charge 1% Trust fee. This is inclusive of the admin fee which PNB will be paying directly to the Administrator
  • You can redeem your PERA when you meet the 55 and 5 rule (i.e. once you’ve reached 55 years old and contributed for at least five years.)
  • PERA investments can also be withdrawn when the investor is sick for more than 30 days, was permanently disabled, or has passed away.
  • If the Contributor redeems his PERA investment and fails to meet the 55 and 5 rule, the following early redemption fees shall apply and shall be deducted from the Contributor’s redemption proceeds:
    • The 5% tax credit availed by the Contributor for the entire period of PERA
    • 20% based of the total income from the time of opening to the time of redemption.
  • The 5% Tax credit is given to the contributor through the PERA-Tax Credit Certificate (TCC)
  • If contributor wishes to get his TCC’s, he needs to communicate (e.g. via email) with his PERA administrator.
  • It shall depend on the source of income of the qualified contributor from which the savings or contributions to his or her account were derived from. Please refer to the table below as provided by the BIR via Revenue Memorandum Circular No. 139-2020 issued last December 18, 2020:
    Source of Income of Qualified Contributor
    Internal Revenue Tax
    BIR Form No.
    Description of BIR Form
    Income derived purely from business/profession or both from employment and practice of profession/business Quarterly Income Tax 1701Q Quarterly Income Tax Return for Individuals, Estate and Trusts
    Annual Income Tax 1701 Annual Income Tax Return (AITR) for Individuals, Estates and Trusts
    Income derived purely from employee’s compensation Income tax withheld by employer
    • Not applicable – if employee availed and qualified for substituted filing of AITR
    • 1700 – if not qualified for substituted filing
    Income derived purely from abroad by an Overseas Filipino Any national internal revenue tax liabilities except taxes withheld by them as withholding agents The applicable BIR form can be asked from the nearest BIR office or downloaded from the BIR website at www.bir.gov.ph
The UITF is a Trust Product and not a deposit account or an obligation of, or guaranteed, or insured by the Trust entity or its affiliates or subsidiaries. It is not insured or governed by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investment, yields and potential yields cannot be guaranteed. Any loss/income arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the client/participant. As such, the units of participation of the investor in the UITF, when redeemed, may be worth more or be worth less than his/her initial investment/contributions. Historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future result. The trustee is not liable for losses unless upon willful default, bad faith or gross negligence.

Customer Care

Bank Hotline
Tel. No.: (+632) 8573 8888
Email: customercare@pnb.com.ph
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