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LAUNCHING SOON! The Land Bank of the Philippines will soon offer a number of Unit Investment Trust Fund (UITF) products under the government's Personal Equity and Retirement Account (PERA) Program. PERA offers a tax-exempt retirement system which will  help employees or self-employed individuals (referred to as Contributors) grow their finances  in preparation for eventual retirement and supplement their future benefits from pension funds such as the Social Security System (SSS) and the Government Service Insurance System (GSIS) or from their own employers. The main advantage of PERA is the tax break as that  the government provides which include an annual income  tax credit equivalent to 5% of the total contributions made for the year,  exemption from estate taxes, and tax  exemption benefits if  withdrawals are made at the age of 55 and up (after contributing for at least five years). Investments made through PERA also grow tax-free as these are exempt from withholding tax.