The Personal Equity Retirement Act (P.E.R.A) accreditation
standard has just been approved by Monetary Board.This will provide each
Filipino with an effective tool for securing his future. Launch date of which
is on January 2015.
I personally have not heard of P.E.R.A before and I do not
know any person who benefits from P.E.R.A. I began investing thru real
estate in 2007 then mutual fund, direct stocks investment and variable unit
linked products. Why is it not a hot news during that year when it was passed?
The PERA, which was patterned after the US Individual
Retirement Account (IRA), is an economic policy instrument introduced as part
of the broad strategy to promote capital market development and savings
mobilization. PERA is available to anyone who has the capacity to contract and
possesses a Tax Identification
Number (TIN) and is a good investment alternative as it provides tax advantages
for retirement savings which you cannot get from any other investment
instruments/products.
PERA would benefit ordinary people since this would
encourage them to save for their retirement. It is a good retirement savings
device which will allow them to look forward to a comfortable and financially
secure retirement.
;Des
p.s. I'll share more on financial matters and how money works on my next blogs.
p.s. I'll share more on financial matters and how money works on my next blogs.
