Secure the future of your key employees with our Retirement Fund.
Retirement Fund is an employee retirement plan set up by a company to fund the retirement/separation benefit payments of its qualified employees at a future date. It can be set up using either or a combination of the following plans:
With our dedicated Account Officers & Institutional Sales Officers, we can assist you in setting up, maintaining and managing a retirement fund for your company.
Already have an established plan? We can make your plan more attractive through tax benefits and incentives under a qualified retirement plan.
| Minimum investment amount | P5,000,000 |
| Minimum employee headcount | 10 |
to open the Retirement Fund account with SBC Trust
| From the Company | From SBC Trust |
|---|---|
|
|
Design & build your fund’s investment portfolio
Regularly review & update your investment’s performance
Settle retirement pay of retiring members
Accounting & Safekeeping of your fund
Particulars |
Without a Retirement Plan |
With a Retirement Plan |
| Law | RA No. 7641 mandates the payment of retirement benefits to qualified private sector employees in the absence of any retirement plan established by the employer | To encourage the corporations to establish a qualified retirement plan, R.A. 4917 provides for tax benefits and incentives |
| Age and No. of Years of Service to be entitled to Retirement Pay | 60 years old and 5 years of continuous service to the Company | Defined in the Company’s Plan Rules which may come in the following retirement age and service:
|
| Tax-exemption on Payment to Employee | Death, sickness, physical disability or for any cause beyond the control of the said official or employee | Must be at least 50 years old and 10 years of continuous service to the Company. Death, sickness, physical disability or for any cause beyond the control of the said official or employee |
| Tax-exemption on Investments of the Retirement Fund | None | Exempt from the 20% Final Withholding taxes (with BIR Tax-exempt Certification) |
| Retirement Pay | At least one half (1/2) month salary for every year of service. The one-half (1/2) month salary is comprised of 15 days salary, 1/12 of the 13th month pay and 5 days service incentive leave or a total of 22.5 days for every year of service | Defined in the Company’s Plan Rules which can pay from a minimum of 1 month for every year of service to as much as 3 months for every year of service |
Depending on the risk profile and preference of the client, we will be manging the funds using the following Portfolio Models:
UITF |
Investments |
Risk Profile |
| SB Money Market Fund |
|
Conservative |
| SB Peso Bond Fund |
|
Moderate |
UITF |
Investments |
Risk Profile |
| SB Money Market Fund SB Peso Equity Fund SB High Dividend Peso Equity Fund SB Peso Equity Index Fund SB Peso Bond Fund |
|
Moderate |
UITF |
Investments |
Risk Profile |
| SB Money Market Fund SB Peso Equity Fund SB High Dividend Peso Equity Fund SB Peso Equity Index Fund SB Peso Bond Fund |
|
Moderate |
UITF |
Investments |
Risk Profile |
| SB Money Market Fund SB Peso Equity Fund SB High Dividend Peso Equity Fund SB Peso Equity Index Fund SB Peso Bond Fund |
|
Aggresive |
1Under Republic Act No. 4917, the Bureau of Internal Revenue (BIR) determines the qualifications for the tax exemption of the company’s retirement plan.