SSS Flexi-Fund vs. WISP Plus: Best Savings & Investment Options for Members in 2025
Contents
About This Guide
This guide is based on current procedures and requirements. For the most accurate and up-to-date information, always refer to official sources
References & Further Reading
For the most accurate and up-to-date information, always refer to official sources:
Saving and investing for the future has become a top priority for many Filipinos-especially OFWs and locally employed workers looking for safe, government-backed programs. Two of the best options the Social Security System (SSS) offers are the SSS Flexi-Fund and the Workers' Investment Savings Program (WISP) Plus.
Both aim to help members grow their money, but they cater to different types of workers and financial goals. This guide compares the two programs to help you decide which option is best for you.
What Is SSS Flexi-Fund?
SSS Flexi-Fund is a voluntary provident fund program exclusively for Overseas Filipino Workers (OFWs). It allows members to earn higher returns on top of their regular SSS contributions.
Key Features
- For OFWs only
- Tax-free earnings
- Investments are placed in SSS investment instruments like government securities
- Allows withdrawal anytime (subject to conditions)
- Offers annual incentive benefits based on fund performance
Ideal For
- OFWs seeking low-risk, government-backed investment options
- Members requiring flexible withdrawals
- Those who want higher earnings than regular SSS savings
What Is WISP (Workers' Investment Savings Program) Plus?
WISP Plus is a voluntary savings program for all SSS members, regardless of employment type. It allows members to save any amount starting at ₱500 per payment and grow their money through SSS-managed investments.
Key Features
- Open to all SSS members (employed, self-employed, voluntary, and OFWs)
- Minimum contribution: ₱500
- Earnings based on the SSS Fund's investment performance
- Long-term savings with withdrawals allowed only under specific conditions
- Funds invested in government securities, loans, and corporate bonds
Ideal For
- Workers looking for long-term savings and higher retirement funds
- Members wanting a simple, low-risk investment option
- Those who prefer structured, disciplined savings
SSS Flexi-Fund vs. WISP Plus: Side-by-Side Comparison
| Feature | SSS Flexi-Fund | WISP Plus |
|---|---|---|
| Eligibility | OFWs only | All SSS members |
| Minimum Contribution | Any amount above regular SSS contribution | ₱500 per payment |
| Withdrawal | Flexible; can withdraw before retirement | Limited; mainly for retirement or special cases |
| Investment Type | Primarily government securities | Diversified: gov securities, short-term loans, bonds |
| Goal | Short to medium-term savings | Long-term retirement savings |
| Tax on Earnings | None | None |
| Risk Level | Very low | Low |
| Best For | OFWs wanting flexible high-yield savings | Members planning long-term retirement growth |
Which Is Better: SSS Flexi-Fund or WISP Plus?
The "best" option depends on your situation:
Choose SSS Flexi-Fund if:
- You are an OFW
- You want flexible access to your money
- You are aiming for short to medium-term growth
- You want higher returns compared to regular savings accounts
Choose WISP Plus if:
- You are not an OFW
- You want a long-term savings strategy for retirement
- You prefer a disciplined saving system
- You want consistent, low-risk growth
If you're an OFW, you can even join both Flexi-Fund and WISP Plus for maximum retirement and savings benefits.
Returns and Earnings: Which Program Gives Higher Growth?
Both programs offer higher returns than typical bank savings accounts, but:
- Flexi-Fund can potentially yield higher annual gains when government securities perform well.
- WISP Plus offers stable and predictable long-term growth, ideal for retirement planning.
How to Enroll in Flexi-Fund or WISP Plus
For SSS Flexi-Fund (OFWs):
- Log in to your My.SSS account
- Go to Flexi-Fund Enrollment
- Confirm OFW status and start adding contributions
For WISP Plus (All Members):
- Log in to My.SSS
- Choose WISP Plus Enrollment
- Pay via online channels, banks, e-wallets, or SSS partner centers
Final Verdict
Both SSS Flexi-Fund and WISP Plus are excellent, low-risk investment programs backed by the Philippine government.
- Flexi-Fund = Best for OFWs wanting flexible access and high growth potential
- WISP Plus = Best for long-term savings and retirement planning for all workers
If you're eligible for both, combining them can help maximize your retirement savings while maintaining accessible funds for emergencies or goals.
