B. DBP-KABALIKAT RETIREMENT PLAN
The DBP-Kabalikat Retirement Plan is designed to assist private employers in complying with Republic Act No. 7641 which provide for a compulsory minimum retirement pay to qualified private sector employees in the absence of any formal retirement plan.
ADVANTAGES
For the company
- Relief from financial strain in the payment of compulsory retirement pays when an employee retires.
- Contributions made by the company are spread over several years, making effective cost of the fund lower as it earns and appreciates in value.
- It is the only arrangement that qualifies for tax exemption. All company contributions to the fund are tax deductible while any income earned by the fund is tax-exempt.
- Attracts and keeps best employees.
- Builds good corporate image.
For the employees
- On top of SSS and PAG-IBIG retirement benefits.
- The funds set aside already belong to the employees and can no longer be utilized by the company for its own use.
- Retirement benefits are tax exempt if the employee, at the time of retirement, is at least fifty (50) years of age with at least ten (10) years of service.
- Separation benefits arising from death, illness or other physical disability, or any cause beyond the employee’s control, are tax-exempt.
C. REVOCABLE TRUST ACCOUNT (RTA)
A Revocable Trust Account is a type of trust arrangement wherein the Trustor sets aside a sum of money to comprise the trust fund for and in behalf of his named beneficiary(ies) for the purpose of providing educational, medical, dental and personal assistance.
The Revocable Trust Account is the appropriate Plan for those who wish to retain ownership and control of their capital or assets.
WHAT ARE THE FEATURES OF RTA?
- Minimum investment of P100,000.00
- No limit on ROI growth
- Beneficiaries can be changed
- Easy liquidation of fixed income investment
- Long -term investment
- Flexible investment strategy
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Would you like to inquire further about these products and services? Fill-up this form or contact us at any of these numbers:
Tel nos. (632) 815-0950, 840-2796, 818-5444, 894-5919
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