We design, set up, and register retirement programs customized to your objectives, so the benefit is meaningful for employees and efficient for the company.
The Retirement Pay Law (RA 7641) mandates minimum retirement benefits for all private sector employees, whether or not you have a formal plan. A designed plan lets you manage that liability deliberately: set the benefit formula, vesting, and funding approach so the program works for both the company and its people, instead of defaulting to the statutory minimum at retirement.
A BIR registered, tax qualified plan under RA 4917 lets retiring employees receive their benefits income tax free, as early as age 50 with at least ten years of service, availed once. Company contributions to the plan also become tax deductible. We handle the qualification end to end, and general guidance here is best confirmed with your tax advisor for your specific facts.
Background reading: The Retirement Pay Law, explained for employers and Tax free retirement benefits under RA 4917.
The RA 7641 minimum benefit applies to private sector employees whether or not you set up a plan. A formal plan does not create the obligation; it lets you manage, fund, and improve on it deliberately.
Under a BIR registered, tax qualified plan, benefits can be received income tax free from age 50 with at least ten years of service, availed once. Specific cases are worth confirming with your tax advisor.
Contributions to a BIR registered plan are generally tax deductible for the company, which is one of the main reasons employers register their plans.
It varies with the completeness of documents and BIR processing. We prepare the full package, respond to comments, and manage the process so your team does not have to chase it.
Tell us what you need for your retirement plan and we'll come back with a focused proposal, scope, and timeline.
