A PRTA is an agreement established between a client (trustor) and LANDBANK Trust Banking Group (TBG) with the purpose of providing for the retirement needs of the trustor upon his retirement or his designated beneficiaries upon the trustor’s death.
This type of arrangement is ideal for those who wish to establish a retirement nest egg and preserve or earn from their assets to help ensure that they have enough to answer for future needs such as medication, hospitalization, burial and emergency needs.
Clients have the option to gradually build-up their PRTA or invest one-time (lump-sum investment). Through build-up, a client is given the flexibility to set-up his PRTA for a lower minimum initial amount and steadily save for his retirement nest egg through regular contributions. For those who opt for lump-sum investment, they have the advantage of potential higher returns and diversification because of the volume of their funds.
Pay-out : Pension or lump-sum
|Portfolio Mix||Depends on the risk profile, preference, objectives & Investment Policy Statement (IPS) of the client Should be aligned with the investment objective/s risk paramaters set forth by the trustor|
|Minimum Initial Investment & Maintaining Amount||Build-up : P500,000.00 or USD25,000.00 Lump-sum : P2,000,000.00 or USD50,000.00|
|Minimum Holding Period||One (1) year|
|Trust Fee||Based on the complexity of the account, the trust fee may range from 0.25% to 1.25% per annum based on Asset Under Management|
|Penalty for early withdrawal||n/a|
|Proof of Investment||PRTA Trust Agreement|
To learn more about PMT, you may call TBG’s Trust Sales and Marketing Officers through 405-7119, 405-7100, 405-7761, and 405-7193 or email us at firstname.lastname@example.org.
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