SSS Peso Fund

The SSS Peso Fund is a voluntary savings program offered by the Philippine Social Security System (SSS) for its members. It is a type of investment that allows SSS members to save and earn higher returns than the regular SSS membership account.

Difference:

1. Investment Returns - The SSS Peso Fund offers higher returns than the regular SSS membership account. The investment returns are based on prevailing market rates and are updated quarterly.
2. Voluntary Contribution - The SSS Peso Fund is a voluntary contribution scheme. Members can opt to allocate a portion of their regular SSS contributions to the Peso Fund.
3. Lock-in Period - The SSS Peso Fund has a lock-in period of five years. This means that the contributions made to the fund cannot be withdrawn during this period.
4. Withdrawal Options - At the end of the five-year lock-in period, members have the option to withdraw their contributions plus the interest earned or continue to earn interest for another five-year term.

Benefits of SSS Peso Fund:

1. Higher returns - The SSS Peso Fund offers higher returns than the regular SSS membership account, allowing members to earn more on their savings.
2. Tax-free - The interest earned on the contributions made to the SSS Peso Fund is tax-free.
3. Long-term savings - The lock-in period of five years encourages members to save for the long term and build their retirement fund.
4. Flexibility - Members can choose to allocate a portion of their regular SSS contributions to the Peso Fund, providing flexibility on how much they want to save.

Hope this helps!