LANDBANK PERA Money Market Fun…
Preserve your capital while earning from low-risk, short-term investments.LANDBANK PERA Money Market Fund
Preserve your capital while earning from low-risk, short-term investments.A conservative PERA-accredited fund that aims to provide high liquidity and decent returns from short-term and flexible investments with minimal risk on capital.
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Fund Classification |
Money Market Fund |
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Portfolio Mix |
A diversified portfolio of special bank deposits |
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Weighted Average Portfolio Life |
Not to exceed one (1) year |
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Initial Investment |
Php5,000.00 |
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Minimum Additional Placement |
Php1,000.00 |
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Minimum Holding Period |
30 days |
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Trustee Fee |
0.50% per annum based on the gross portfolio value of the Fund |
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Penalty per early withdrawals |
In case of early withdrawal, all taxes waived in the Contributor’s favor shall be repaid to the Bureau of Internal Revenue, except if the withdrawal is due to the following cases: Accident or illness-related hospitalization in excess of 30 days; Permanent total disability; or Proceeds of withdrawal is immediately transferred to another PERA investment product and/or another Administrator within 15 calendar days from withdrawal. |
“Expert management for a minimum fee”
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Rest easy knowing that your precious retirement funds are being handled by Seasond Portfolio Officers for just Php5,000.
“Every journey begins with a single step”
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Invested in special bank deposits, perfect for those starting their retirement planning journey.
“Tax Benefits”
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Enjoy the following tax benefits:
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Annual tax credit benefits of up to 5% of your annual PERA contributions (for employees and self-employed, up to a maximum tax credit of Php10,000.00)(For Overseas Filipino Workers, up to a maximum tax credit of Php20,000.00);
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Tax exemption of all income earned from the investments and reinvestments of the Fund. Provided that the principal is within maximum amount allowed for investment within the year (for employees and self-employed, up to a maximum annual contribution of Php200,000.00)(For Overseas Filipino Workers, up to a maximum annual contribution of Php400,000.00);
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PERA assets withdrawn upon retirement shall be tax-free, subject to rules on withdrawal. Also, PERA assets shall not be considered as part of the Contributor’s assets for the purpose of insolvency and estate taxes.