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The Long-Term Heritage Account is a revocable trust agreement that can help
maximize the Trustor’s investment returns and minimize taxes from Tax
Exemption Reforms.
High Yield. Invest long-term for premium yields.
Trustworthy. Orderly transfer assets to set aside funds for intended beneficiary/ies at low risk.
Tax-Free. Maximize income potential on a smaller portion of funds by investing it tax exempt on longer terms.
Preserve and Grow. Retirees who would like to maximize regular income derived from the investment of their hard earned funds.
Investment/Risk Diversification.
Basic
Features
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Minimum Placement
|
PhP 300,000.00 |
| Term |
Minimum of 5 years* |
| Yield |
Prevailing Market Rate |
| Withholding Tax |
Holding Period |
Tax Rate |
| 5
years |
0% |
|
4 years to < 5 years |
5% |
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3 years to < 4 years |
12% |
| <
3 years |
20% |
| Documentation |
2 Copies of Confirmation Advise |
| 2 Copies of Investment Authority |
| 3 Copies of Revocable Trust Agreement |
* Income earned during the term may be withdrawn provided that if any portion of the principal is withdrawn before the 5 th year, the entire income shall be subject to the applicable final tax, which shall be deducted from the balance of the fund.
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