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Pension Funds

The future of your retirement starts here.

Invest and guarantee the complement to a dream retirement.

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€0 SUBSCRIPTION FEE

It has no subscription fee.

TAX BENEFITS

Possibility of tax deduction of part of the amount invested. Reduced taxation in case of redemption for the purposes laid down in the Law.

DIVERSIFICATION

It invests in assets with low, medium and high risk.

BE SAFE FROM UNEXPECTED

Save to deal with the unexpected in case of sickness or unemployment.

Managed by GNB - Sociedade Gestora de Fundos de Pensões, SA, Multireforma is the ideal solution for those who are close to retirement age and want a more conservative investment
Minimum subscription amountsInitial deliveries: €25.00
Additional or single deliveries: €25.00
Capital guaranteeNo
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Management fee and depositary1.175%
Transfer commissionFor other pension funds of GNB FP: 0%
For other pension funds outside GNB FP: 1.5% for individuals
Buy
 

Investment in a pension fund is designed to prepare your future, in particular your retirement, but it is also a saving that allows you to have a reserve in order to deal with a serious and unforeseen situation such as long-term unemployment, permanent incapacity for work or a serious illness.

At the same time, pension funds enjoy a more favorable tax environment than most savings and investment products, either because they can deduct part of the investment from the IRS, or because they enjoy a retention rate of income tax.

Pension Funds can only be reimbursed at the request of the Participant.

The reimbursement of the Pension Fund can be carried out when the Participant is in one of the following situations:

  • Retirement for old age of the Participant.
  • From the age of 55 years of the Participant and provided that he is retired by the social security scheme that covers him.
  • Long-term unemployment of the Participant.
  • Permanent incapacity to work of the Participant
  • Serious illness of the Insured Person, Participant
  • Death of the Participant.

The Fundo de Pensões Multireforma is intended, in particular, for non-professional investors with the following characteristics:

Knowoledge and experience Financial situation and ability to bear losses Risk tolerance Objectives and needs Minimum timeframe
Initiate, Informed, Advanced or ExpertWithout capital guarantee (Even total loss of capital)AverageGrowth and retirementLong term Higher than 5 years

Multireforma invests a maximum of 15% of its assets in shares of companies admitted to listing on regulated markets. It shall keep at least 15% of its assets invested in fixed rate bonds with a ceiling of 60%. In variable rate bonds, the Fund will keep at least 25% of its assets invested with a ceiling of 70%. Up to 10% investment in alternative funds is allowed. The Fund may also invest in the real estate market, through real estate investment funds, up to a maximum of 10% of its assets.

Investments in PPR and pension funds are tax deductible by 20% for the unmarried tax payer or by each married tax payer not legally separated. Tax deduction limits are:

Age Maximum investment per tax payer Maximum deduction amount
<35 €2,000€400
35 - 50€1,750€350
>50€1,500€300

Additionally, the sum of the tax benefits that are taxable cannot exceed the limits established for each taxable income ranking, as per the following:

Taxable income ranking (€) Limit (€)
Up to 7,035No limit
From more that 7,035 to 80,000The result of applying the following formula: 1,000 + [1,500 × (€80,000 – income tax base)/72,965]
More than 80,0001,000

Investments made after retirement are non-deductible, nor are payments by third parties payments, except when by employers on behalf of employees (no. 8, article 21 of the Portuguese Tax Incentives Statute).



Taxation on income

Income is subject to IRS at the moment of its payment, under the following conditions:

  • On payments foreseen by law (including in the event of death) the income is taxed at the minimum rate of 8% (if payed in capital), or according to category H (Pensions) rules (if payed periodically).
  • On reimbursements not foreseen by law, income is taxed at 8.6% (if it occurs after the eighth year) or 17.2% if between the fifth and the eighth year, provided at least 35% of the investment was done in the first half of the contract. Otherwise, tax is of 21.5% if the reimbursement occurs up to the fifth year. Taxation on income depends on the date that the reimbursed investments were made, same conditions from the subscription applied.
  • In the event of a partial reimbursement, first investments are the first to be paid.
Managed by GNB - Sociedade Gestora de Fundos de Pensões, SA, Multireforma Plus is the ideal solution for those who are willing to take a little more risk.
Minimum subscription amountsInitial deliveries: €25.00
Additional or single deliveries: €25.00
Capital guaranteeNo
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Management fee and depositary1.175%
Transfer commissionFor other pension funds of GNB FP: 0%
For other pension funds outside GNB FP: 1.5% for individuals
Buy
 

Investment in a pension fund is designed to prepare your future, in particular your retirement, but it is also a saving that allows you to have a reserve in order to deal with a serious and unforeseen situation such as long-term unemployment, permanent incapacity for work or a serious illness.

At the same time, pension funds enjoy a more favorable tax environment than most savings and investment products, either because they can deduct part of the investment from the IRS, or because they enjoy a retention rate of income tax.

Pension Funds can only be reimbursed at the request of the Participant.

The reimbursement of the Pension Fund can be carried out when the Participant is in one of the following situations:

  • Retirement for old age of the Participant.
  • From the age of 55 years of the Participant and provided that he is retired by the social security scheme that covers him.
  • Long-term unemployment of the Participant.
  • Permanent incapacity to work of the Participant
  • Serious illness of the Insured Person, Participant
  • Death of the Participant.

The Multireforma Plus pension fund is intended in particular for non-professional investors with the following characteristics:

Knowoledge and experience Financial situation and ability to bear losses Risk tolerance Objectives and needs Minimum timeframe
Initiate, Informed, Advanced or ExpertWithout capital guarantee (Even total loss of capital)AverageGrowth and retirementLong term Higher than 5 years

Multireforma Plus invests a maximum of 40% of its assets in shares of companies admitted to listing on regulated markets. It shall keep at least 20% of its assets invested in fixed rate bonds with a ceiling of 55%. In variable rate bonds, the Fund will keep at least 15% of its assets invested with a maximum limit of 40%. Up to 10% investment in alternative funds is allowed. The Fund may also invest in the real estate market, through real estate investment funds, up to a maximum of 10% of its assets.

Investments in PPR and pension funds are tax deductible by 20% for the unmarried tax payer or by each married tax payer not legally separated. Tax deduction limits are:

Age Maximum investment per tax payer Risk tolerance
<35 €2,000€400
35 - 50€1,750€350
>50€1,500€300

Additionally, the sum of the tax benefits that are taxable cannot exceed the limits established for each taxable income ranking, as per the following:

Taxable income ranking (€) Limit (€)
Up to 7,035No limit
From more that 7,035 to 80,000The result of applying the following formula: 1,000 + [1,500 × (€80,000 – income tax base)/72,965]
More than 80,0001,000

Investments made after retirement are non-deductible, nor are payments by third parties payments, except when by employers on behalf of employees (no. 8, article 21 of the Portuguese Tax Incentives Statute).



Taxation on income

Income is subject to IRS at the moment of its payment, under the following conditions:

  • On payments foreseen by law (including in the event of death) the income is taxed at the minimum rate of 8% (if payed in capital), or according to category H (Pensions) rules (if payed periodically).
  • On reimbursements not foreseen by law, income is taxed at 8.6% (if it occurs after the eighth year) or 17.2% if between the fifth and the eighth year, provided at least 35% of the investment was done in the first half of the contract. Otherwise, tax is of 21.5% if the reimbursement occurs up to the fifth year. Taxation on income depends on the date that the reimbursed investments were made, same conditions from the subscription applied.
  • In the event of a partial reimbursement, first investments are the first to be paid.
Managed by GNB - Sociedade Gestora de Fundos de Pensões, SA, Multireforma Ações is the solution for those who want a more risky investment and have a longer time horizon until the retirement age.
Minimum subscription amountsInitial deliveries: €25.00
Additional or single deliveries: €25.00
Capital guaranteeNo
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Management fee and depositary1.60%
Transfer commissionFor other pension funds of GNB FP: 0%
For other pension funds outside GNB FP: 1.5% for individuals
Buy
 

Investment in a pension fund is designed to prepare your future, in particular your retirement, but it is also a saving that allows you to have a reserve in order to deal with a serious and unforeseen situation such as long-term unemployment, permanent incapacity for work or a serious illness.

At the same time, pension funds enjoy a more favorable tax environment than most savings and investment products, either because they can deduct part of the investment from the IRS, or because they enjoy a retention rate of income tax.

Pension Funds can only be reimbursed at the request of the Participant.

The reimbursement of the Pension Fund can be carried out when the Participant is in one of the following situations:

  • Retirement for old age of the Participant.
  • From the age of 55 years of the Participant and provided that he is retired by the social security scheme that covers him.
  • Long-term unemployment of the Participant.
  • Permanent incapacity to work of the Participant
  • Serious illness of the Insured Person, Participant
  • Death of the Participant.

The Multireforma Ações pension fund is intended in particular for non-professional investors with the following characteristics:

Knowoledge and experience Financial situation and ability to bear losses Risk tolerance Objectives and needs Minimum timeframe
Initiate, Informed, Advanced or ExpertWithout capital guarantee (Even total loss of capital)HighGrowth and retirementLong term Higher than 5 years

Multireforma Ações invests a maximum of 45% of its assets in variable rate and fixed rate bonds, money market and foreign exchange financial instruments, commercial paper, derivative financial instruments, harmonized non-harmonized and / or special real estate investment funds, including Hedge Funds.

Investments in PPR and pension funds are tax deductible by 20% for the unmarried tax payer or by each married tax payer not legally separated. Tax deduction limits are:

Age Maximum investment per tax payer Maximum deduction amount
<35 €2,000€400
35 - 50€1,750€350
>50€1,500€300

Additionally, the sum of the tax benefits that are taxable cannot exceed the limits established for each taxable income ranking, as per the following:

Taxable income ranking (€) Limit (€)
Up to 7,035No limit
From more that 7,035 to 80,000The result of applying the following formula: 1,000 + [1,500 × (€80,000 – income tax base)/72,965]
More than 80,0001,000

Investments made after retirement are non-deductible, nor are payments by third parties payments, except when by employers on behalf of employees (no. 8, article 21 of the Portuguese Tax Incentives Statute).



Taxation on income

Income is subject to IRS at the moment of its payment, under the following conditions:

  • On payments foreseen by law (including in the event of death) the income is taxed at the minimum rate of 8% (if payed in capital), or according to category H (Pensions) rules (if payed periodically).
  • On reimbursements not foreseen by law, income is taxed at 8.6% (if it occurs after the eighth year) or 17.2% if between the fifth and the eighth year, provided at least 35% of the investment was done in the first half of the contract. Otherwise, tax is of 21.5% if the reimbursement occurs up to the fifth year. Taxation on income depends on the date that the reimbursed investments were made, same conditions from the subscription applied.
  • In the event of a partial reimbursement, first investments are the first to be paid.
Managed by the GNB - Sociedade Gestora de Fundos de Fundos de Pensões, the Multireforma Capital Garantido is the ideal solution for those who privilege the capital invested.*
Minimum subscription amountsInitial deliveries: €25.00
Additional or single deliveries: €25.00
Capital guaranteeAnnually on the birthday of the subscription.*
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Management fee and depositary1.10%
Transfer commissionFor other pension funds of GNB FP: 0%
For other pension funds outside GNB FP: 1.5% for individuals

*A garantia do valor de subscrição de cada unidade de participação incide sobre o respetivo valor subscrito e pelo prazo de um ano. A garantia será renovada anualmente por períodos de um ano, salvo deliberação em contrário da Entidade Gestora, sendo nesse caso o Participante informado com 30 dias de antecedência da data de renovação da garantia.

Buy
 

Investment in a pension fund is designed to prepare your future, in particular your retirement, but it is also a saving that allows you to have a reserve in order to deal with a serious and unforeseen situation such as long-term unemployment, permanent incapacity for work or a serious illness.

At the same time, pension funds enjoy a more favorable tax environment than most savings and investment products, either because they can deduct part of the investment from the IRS, or because they enjoy a retention rate of income tax.

Pension Funds can only be reimbursed at the request of the Participant.

The reimbursement of the Pension Fund can be carried out when the Participant is in one of the following situations:

  • Retirement for old age of the Participant.
  • From the age of 55 years of the Participant and provided that he is retired by the social security scheme that covers him.
  • Long-term unemployment of the Participant.
  • Permanent incapacity to work of the Participant
  • Serious illness of the Insured Person, Participant
  • Death of the Participant.

The Multireforma Capital Garantido pension fund is intended in particular for non-professional investors with the following characteristics:

Knowoledge and experience Financial situation and ability to bear losses Risk tolerance Objectives and needs Minimum timeframe
Initiate, Informed, Advanced or ExpertWithout capital guarantee (Even total loss of capital)AverageGrowth and retirementLong term Higher than 5 years

Multireforma Capital Garantido invests a minimum of 35% of its assets in bonds. The investment in bonds will be privileged European Union issuers or other international issuers and credible national issuers, namely listed companies, large companies or companies owned by the State. The Fund may also invest up to 20% of its assets in commercial paper and a maximum of 10% of its assets in real estate investment funds. It is also allowed to invest up to 10% in alternative funds.

Investments in PPR and pension funds are tax deductible by 20% for the unmarried tax payer or by each married tax payer not legally separated. Tax deduction limits are:

Age Maximum investment per tax payer Maximum deduction amount
<35 €2,000€400
35 - 50€1,750€350
>50€1,500€300

Additionally, the sum of the tax benefits that are taxable cannot exceed the limits established for each taxable income ranking, as per the following:

Taxable income ranking (€) Limit (€)
Up to 7,035No limit
From more that 7,035 to 80,000The result of applying the following formula: 1,000 + [1,500 × (€80,000 – income tax base)/72,965]
More than 80,0001,000

Investments made after retirement are non-deductible, nor are payments by third parties payments, except when by employers on behalf of employees (no. 8, article 21 of the Portuguese Tax Incentives Statute).



Taxation on income

Income is subject to IRS at the moment of its payment, under the following conditions:

  • On payments foreseen by law (including in the event of death) the income is taxed at the minimum rate of 8% (if payed in capital), or according to category H (Pensions) rules (if payed periodically).
  • On reimbursements not foreseen by law, income is taxed at 8.6% (if it occurs after the eighth year) or 17.2% if between the fifth and the eighth year, provided at least 35% of the investment was done in the first half of the contract. Otherwise, tax is of 21.5% if the reimbursement occurs up to the fifth year. Taxation on income depends on the date that the reimbursed investments were made, same conditions from the subscription applied.
  • In the event of a partial reimbursement, first investments are the first to be paid.