The Philippine Retirement Authority (PRA) is targeting P1.3 billion in revenues in 2026, supported by sustained growth in application fees, bank interest and annual charges from foreign retirees.
PRA administrative and finance services department manager Philip John Moreno said the agency’s proposed budget for 2026 is P762 million, including P135 million for marketing.
He said the PRA has consistently invested in year-round promotional campaigns and has been outperforming its revenue targets.
“Our revenues have exceeded P1 billion every year since 2024,” Moreno said, noting that collections for 2025 have already approached P1 billion as of the third quarter. The agency expects to end the year at over P1 billion.
Moreno said about one-third of PRA revenues come from application fees, now at $1,600 for principal applicants and dependents. Another one-third comes from management fees and interest earned from retiree visa deposits held by government banks, while the rest is generated from annual dues of existing SRRV holders.
Retirees currently maintain roughly $20 billion in visa deposits with the Development Bank of the Philippines and Land Bank.
He explained income typically accounts for around half of total revenues, with 50 percent of earnings remitted as dividends to the national government.
PRA general manager Roberto Zozobrado said the agency has no plans to lower the $30,000 visa deposit, despite suggestions that a reduced amount might attract more retirees.
He said lawmakers reviewing the agency’s budget last year had in fact questioned whether the amount was too low.
“They even suggested increasing it,” he said, adding that the PRA prefers to avoid pricing itself too high compared with regional competitors. Malaysia, for instance, requires deposits of around $200,000 under its retirement program.
Zozobrado said the PRA will prioritize Germany, France, Spain and broader markets in Europe and North America for next year’s promotions. The agency has shifted its approach by joining only senior-focused expos, which he said have delivered stronger leads than general travel fairs.
The PRA has also lowered the minimum age for the special resident retiree’s visa from 50 to 40, partly due to rising interest from younger digital nomads. Applicants aged 40 to 49 are now required to place a $50,000 deposit, while those 50 and above continue to deposit $30,000.
To strengthen the value of retiring in the Philippines, the agency has partnered with hotels, restaurants and leisure establishments nationwide to offer 20 percent discounts to SRRV holders.
