×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Expat Exchange
Free MembershipSign In

Definition of Pension for Special Resident Retiree's Visa (SRRV)?

6 years ago
Does anyone know if the definition of "Pension" in the Special Resident Retiree's Visa (SRRV) visa is limited to Social Security Income?

I'll have 401k sufficient to easily generate more than the $800/mo pension requirement.

I ask because the requirement is a $20,000 deposit if you don' t have a pension (SocSec?) of $800/month.

The deposit requirement is only $10,000 if you do have a Pension.

I'm pulling this all off of:
http://www.philembassy.no/consular-services/visa/special-resident-retirees-visa-srrv

I've also cross-referenced the long thread from May titled, "Retiring/living in the Philippines / Expats in Tagaytay"

It lso looks like a portion of that deposit can then be used to purchase up to a 5000sq/m urban residence or condo.

(I'm a little fuzzy on whether the $10k or 20k deposit is a permanent loss or if the money is held in escrow for special use uses like real-estate purchases which must be titled to a Filipino Spouse/Relative).

Any guidance is appreciated. I tried a few token searches on the subject, and didn't turn up anything with 401k, Roth or retirement savings. I can only find reference to Social Security Pensions with the SRRV.

SJB Global
SJB Global

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Living in Philippines GuideLiving in Philippines Guide

The Philippines attracts the interest of expats from all over the world - truly has a lot to offer for a variety of different people. However, it's also important to understand the pitfalls that can be avoided with appropriate homework and preparation.

Philippines Forum Philippines Forum
Join our Philippines forum to meet other expats and talk about living in Philippines.

Contribute to Philippines Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Philippines.

Best Places to Live in Philippines Best Places to Live in Philippines

If you're thinking about living in Philippines, here are the 15 Best Places to Live in Philippines in 2023.

Healthcare in PhilippinesHealthcare in Philippines

Expats in the Philippines have a lot to say about the quality of medical care, hospitals, prescription medicine availability and health insurance in the Philippines.

Cost of Living in PhilippinesCost of Living in Philippines

Expats offer insight into the cost of living in Philippines.

Moving to PhilippinesMoving to Philippines Guide

Expats moving to the Philippines join others that have moved there for work or a lower cost of living during retirement. It's critical to understand what the realities of living there are, but those that successfully make the adjustment believe it is a good place to live.

Real Estate in PhilippinesReal Estate in Philippines

Real estate listings in popular cities and towns in Philippines.

Pros Cons of Living in PhilippinesPros & Cons of Living in Philippines

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Philippines.

Retiring in PhilippinesRetiring in Philippines

Advice for people retiring in Philippines.

10 Tips for Living in Philippines10 Tips for Living in Philippines

If you've recently arrived in Philippines, here are 10 tips for digital nomads living in Philippines.

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Contribute to Philippines Network Contribute
Help others in Philippines by answering questions about the challenges and adventures of living in Philippines.

SJB Global
SJB Global

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides