1. What is the ₱10M Matching Grant?
The ₱10 million Matching Grant, pledged by Mr. Edgar “Injap” Sia II, is an initiative designed to encourage young Filipinos to start their retirement savings through the Personal Equity and Retirement Account (PERA). Under this program, 2,000 eligible participants who deposit their first ₱5,000 into a PERA account with DragonFi will receive an additional ₱5,000 in matching funds.
2. Who is eligible to apply for the grant?
To qualify for the grant, you must:
- Be a Filipino citizen
- Be between the ages of 18 to 35
- Open a PERA account with DragonFi (PERA accounts will be launching in the second half of 2025)
- Contribute ₱5,000 as your initial investment
3. How do I apply for the grant?
Details on how to sign up will be released in the second half of 2025. Stay updated by following DragonFi’s official channels.
4. How does the matching work?
Once you deposit your first ₱5,000 into your PERA account, DragonFi will match it with another ₱5,000, effectively doubling your starting investment to ₱10,000.
5. What is the impact of this initiative?
- 2,000 new retirement accounts will be created, leading to a 35% increase in PERA accounts nationwide.
- A total of ₱20 million will be infused into PERA accounts, boosting total PERA contributions by 4%.
- If continued contributions and investments follow (₱10,000 per year), participants could build a ₱1.13 million retirement fund in 30 years, based on an estimated 8% annual return.
6. Are there any restrictions on the matched funds?
Yes, the matching grant is designed to encourage long-term retirement savings. As such, standard PERA withdrawal rules apply, meaning funds should remain invested until retirement age unless specific conditions for early withdrawal (as per SEC guidelines) are met.
7. When will the program officially launch?
DragonFi will roll out its PERA services in the second half of 2025, at which point applications for the Matching Grant will also open.
8. Where can I get updates on the grant and PERA services?
For the latest updates, follow DragonFi on:
- Website: DragonFi.ph
- Social Media: Facebook, Instagram, Twitter, TikTok (@DragonFiHQ)
- LinkedIn: DragonFi
9. What is PERA, and why should I open an account?
PERA (Personal Equity and Retirement Account) is a voluntary retirement savings program that offers:
- Tax benefits, including 5% tax credit on contributions
- Tax-free investment earnings and tax-exempt withdrawals at retirement
- Access to a variety of investment options to grow your wealth over time
- More info can be found here
10. What happens if I don’t qualify for the grant?
Even if you don’t qualify for the matching grant, you can still open a PERA account with DragonFi and enjoy the benefits of tax-free growth and long-term wealth accumulation.
See attached press release for more information.
Stay tuned for upcoming announcements and follow our social media accounts!