The Bangko Sentral ng Pilipinas (BSP) is urging businesses to offer the Personal Equity and Retirement Account (PERA) program to employees, highlighting major tax incentives and wider economic benefits.
PERA is a voluntary savings plan that complements state pension schemes. Employers who match or top up staff contributions can claim tax deductions worth 150 percent of their share — combining perks from the PERA law and the Capital Markets Efficiency Promotion Act. For employees and self-employed individuals, annual contributions of up to ₱200,000 (₱400,000 for overseas Filipinos) go into tax-free investments like stocks, bonds, and funds.
Beyond helping workers prepare for retirement, the program helps companies boost staff satisfaction and retention. Economically, it expands the country’s investor base, directs savings toward productive uses, and strengthens financial stability and growth. EastWest Bank launched the first employer-sponsored PERA plan in April 2026, with the BSP calling on more banks and firms to follow suit.
