| Contributor | Qualified PERA Contribution |
|---|---|
| Non-Overseas Filipino | Not exceeding ₱200,000 per calendar year |
| Overseas Filipino or in representation of an Overseas Filipino | Not exceeding ₱400,000 per calendar year |
Maximum Annual PERA Contributions in one calendar year shall be as follows:
| Contributor | Maximum Qualified PERA Contributions1 |
|---|---|
| Unmarried Filipino Citizen | ₱200,000 |
| Married Filipino Citizen and both spouses qualify as a Contributor | ₱200,000 for each qualified contributor |
| Married Filipino Citizen and only one spouse qualifies as a Contributor | ₱200,000 |
| Unmarried Overseas Filipino | ₱400,000 |
| Married Overseas Filipino whose legitimate spouse is neither an Overseas Filipino nor a qualified contributor | ₱400,000 |
| Married Overseas Filipino whose legitimate spouse and children (not otherwise disqualified as contributors) of an Overseas Filipino who did not directly open any PERA | ₱400,000, cumulative for the spouse or children in representation of the Overseas Filipino |
| Married Overseas Filipino who legitimate spouse is also an Overseas Filipino | ₱400,000 for each qualified contributor |
| Married Overseas Filipino whose legitimate children are not Overseas Filipinos and are not qualified Contributors | ₱400,000 for the Overseas Filipino |
Any excess from the Maximum Annual PERA Contribution may be accepted as other Savings/ Investment Account after appropriate advice given to Contributor but it shall not be entitled to any benefits under the PERA Act.
A tax credit certificate that remains unutilized after 5 years from the date of issuance shall be considered invalid and shall not be allowed as payment for internal revenue tax liabilities of the PERA Contributor. The amount covered by the certificate issued shall be automatically cancelled by the ePERA system.
In case of damaged or lost certificate, reissuance of certificate will not be available after 5 years from the date of issuance of the original certificate.
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In Philippine currency or its equivalent in any convertible foreign currency at the prevailing rate at the time of actual contribution. ↩