Hi all,

Am retired living in Ireland and I am considering moving to Phils. I have formed a relationship there and also am sick of the cost and weather in Ireland.
I have been to Phils 4 times. I have checked out the requirements for an SRRV visa. Spoke to Immigration and an agent they referred me to.

I guess my basic questions are?

1. Re the $10,000 I have to deposit in the bank for Srrv visa, I have already opened a bank account there with Bank of Philippines Islands. I understand this $10,000 is usable against condo rental?

2. What information have you re paying tax on my pension in Phils? Currently the Irish Revenue Commissioners deduct tax from my pensions at source. Is there some way to avoid this tax if I move to Phils or worse would I be double taxed?

3. If I paid my pensions directly to BPI bank account, do I pay a tax on that?

4. If I lodged a lump sum over and above the $10,000 in BPI is that taxable in Phils?

5. What is a good and safe place to live outside Manila, preferably near the sea. Any views re condo/apartment lettings in or around the Boracay/Aklan/Bohol areas?

6. What is the Philippine Retirement Authority all about?? Do I need to join this organisation to qualify for retirement visa?

7. Is the retirement visa a permanent visa and is there any yearly fees to be paid to maintain the visa?

8 My budget pension wise would be about 100,000php a month.


Any help most welcome.

Regards

Pat