Guide to Investing in SSS Flexi-Fund for OFWs

The Social Security System (SSS) is one of the ways in which Filipinos can save for the future. By making monthly contributions, members can apply for loans, acquire benefits, and eventually receive pension. Previously, we shared about how members can check SSS contributions online.

Aside from these services, did you know that SSS has a program for Overseas Filipino Workers (OFWs)? This is the SSS Flexi-Fund, an investment option for Filipinos working abroad. It guarantees tax-free and compounded interest earnings, among other benefits.

The SSS Flexi-Fund is an investment option exclusive for OFWs.

How to Invest in SSS Flexi-Fund

What are the benefits of having an SSS Flexi-Fund account? Here they are:

  • Tax-free earnings guaranteed by SSS
  • Monthly earnings (compounded interest)
  • Annual incentive benefits for qualified active members
  • Based on quarterly repricing, reflecting current market conditions in the Philippines

To qualify for an SSS Flexi-Fund, you must be:

  • An active OFW
  • Paying the maximum contribution of PHP 1,760/month
  • Residing permanently in a foreign country with a regular source of income

Here are the steps to opening an SSS Flexi-Fund account:

#1 – Fill out the SS Form OW-1.

#2 – Submit the form to the nearest SSS branch / representative office (local or foreign) with the following documents:

  • Birth Certificate
  • Baptismal Certificate
  • Passport

NOTE: In absence of the above documents, you can submit any 2 of the following: Alien Certificate of Registration, Driver’s License, Record of Employment/Employer ID, or Voter’s ID.

#3 – Present a valid Overseas Employment Certificate (OEC) or E-receipt issued by the Philippine Overseas Employment Administration (POEA) as proof of pending deployment.

The program guarantees tax-free earnings.

How Much to Contribute to SSS Flexi-Fund?
You can contribute at least PHP 200/month to your SSS Flexi-Fund. This is on top of your PHP 1,760 monthly contribution.

When to Withdraw SSS Flexi-Fund?
Upon retirement, you can withdraw your SSS Flexi-Fund as a lump-sum or add it to your pension. You can also opt for an early withdrawal of your contributions before retirement.

What if I’m No Longer an OFW?
Even if your employment contract abroad expires, you can continue making SSS Flexi-Fund contributions — as long as you keep on paying maximum monthly contributions as well.

DISCLAIMER: The details presented above are for information-sharing purposes only. To learn more about opening an SSS Flexi-Fund account, please visit the official SSS website.

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