Overseas Filipino Workers (OFWs) enjoy significant tax protections in the Philippines on income earned abroad. Your EOSB is generally exempt from Philippine income tax — but maintaining your OFW status and leveraging government-backed programmes can significantly improve your financial outcome.
OWWA membership costs USD 25 per 2-year contract. Benefits include a Welfare Fund (cash assistance), Education and Livelihood Programme for your children, death and disability assistance, and repatriation in emergencies. You must be an active member to claim — check your membership status at owwa.gov.ph before your contract ends.
The MP2 fund is separate from the regular Pag-IBIG fund. It has a 5-year maturity, no withholding tax on dividends, and is government-guaranteed. OFWs can open and fund an MP2 account online. With a large EOSB, this can provide a meaningful, low-risk return while you plan your repatriation or next move.
If you were an SSS member before leaving the Philippines, you can continue as a voluntary member abroad. This protects your retirement benefit (based on credited years and monthly salary credit), sickness, maternity, disability, and death benefits. The monthly contribution ranges from PHP 400 to PHP 4,000 depending on your chosen salary credit.
Ready to calculate your EOSB?
Use our free calculators for UAE and Saudi Arabia — covers both gratuity and DEWS/GPSSA schemes.