LUNA PERA

LUNA PERA is a platform designed for Filipinos to manage their Personal Equity and Retirement Account (PERA), a personal retirement savings program established by Philippine law (RA 9505). The service aims to make retirement saving accessible, transparent, and cost-effective, offering users the ability to invest in stocks, funds, and fixed income products through a digital interface. LUNA PERA is structured to provide full visibility of account balances and investments in real time, with 24/7 access to all records, and emphasizes low and transparent fees.

The platform supports a range of investment options, including stocks, funds, and fixed income, with the ability for users to start investing with as little as 500 pesos. It features a flat annual administrator fee, no hidden charges, and no high maintaining balances. For stocks, specific transaction and commission fees apply, while for funds, fees depend on the banks, and for fixed income, commission fees are outlined. LUNA PERA users benefit from tax advantages such as a 5% tax credit on contributions and tax-free earnings on investment profits. The account is personally owned and portable, meaning it is not tied to an employer and can be managed independently.

Account holders can open a PERA account if they are Filipino citizens or local residents aged 18 and above with a TIN and a bank account. Contributions can be made by both individuals and their employers, and withdrawals without penalty are allowed after reaching age 55 and contributing for at least five years. The platform provides digital compliance features, including automated tax accreditation and security standards described as US standard. Users can also receive guidance from licensed PERA advisers at no extra cost, though these advisers do not provide specific buy or sell recommendations for individual securities. Additional support includes workshops, webinars, and regular informational circulars.

LUNA PERA also offers a PERA investment calculator to help users project the growth of their contributions based on different portfolio allocations and expected returns. The platform is positioned as a digital solution for retirement savings and investment, tailored to the needs of Filipinos seeking to take control of their financial future.