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Retirement Savings Funds

The future of your retirement starts here.

Invest and guarantee the complement to a dream retirement.

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€0 SUBSCRIPTION FEE

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.

BE SAVE FROM UNEXPECTED

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

Gerido pela BPI Gestão de Activos, S.A o BPI Reforma Valorização PPR/OICVM é o complemento ideal para a reforma dos mais jovens.
Minimum subscription amountsAdditional or single deliveries: €1.00
Capital guaranteeNo
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Outside the conditions laid down in the Law: 1.0% for deliveries with less than a year
Management fee and depositary2.00%
Transfer commission0.00%
Buy
 

Investment in a retirement savings, whether on the form of a fund (FPR) or an insurance (PPR), is intended to prepare your future, in particular your retirement. It is also a saving that allows you to set up a financial reserve to deal with a serious and unforeseen situation such has long-term unemployment, permanent incapaciy to work or a serious illness.

At the same time, retirement savings funds enjoy a more favorable tax environment than most savings and investment products, either by deducting part of the investment from IRS collection or by having a more reduced retention rate of income tax.

The retirement savings funds are still an instrument of succession planning of your estate inheritance.

PPR can only be refunded, totally or partially redeemed, at the request of the Insured Person or Participant.

The PPR refund can be made when the Insured Person or Participant is in one of the following situations:

  • Retirement for old age of the Insured Person or Participant.
  • From the 60 years of the Insured Person or Participant.
  • Long-term unemployment of the Insured Person, Participant or any member of their household.
  • Permanent incapacity to work of the Insured Person, Participant or any member of their household, whatever the cause.
  • Serious illness of the Insured Person, Participant or any member of their household.
  • Use for payment of installments of credit agreements secured by mortgage of property destined to own and permanent housing of the Insured Person or Participant.

Refund under these conditions can only be verified for deliveries / subscriptions for which 5 years have elapsed since the date of payment. However, after a period of 5 years from the first delivery's date of payment, you may only request reimbursement of your contract if, in the first half of the contract, at least 35% of the deliveries have been paid.

In situations in which the PPR is a common property under the property regime of the couple, it refers to the personal situation of either spouse, reimbursement being allowed when the Spouse retires for old age or reaches the age of 60, provided that it is five years after payment of the respective deliveries. In situations where at least 35% of the premiums were paid during the first half of the contract, reimbursement may be requested after 5 years have elapsed from the date of the first delivery.

Outside of the legally established situations previously identified, a full or partial repayment of the PPR is allowed. However, this has fiscal implications as defined in Article 21 (4) and (5) of the Estatuto dos Benefícios Fiscais, which may imply the refund of the tax benefits by deduction of collection enjoyed, plus a penalty for each year elapsed, and application of a withholding tax rate on capital income at the highest IRS. Thus, as the possibility of the refund is subject to a ransom or redemption charge.

The BPI Reforma Valorização PPR/OICVM 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 retirement Long term Higher than 5 years

The portfolio of BPI Reforma Acções PPR is mandatorily composed of a share component, ranging from 40% to 55% of this type of asset. The Fund may also invest in fixed rate or indexed rate bonds.

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 BPI Gestão de Activos, S.A, BPI Reforma Obrigações PPR/OICVM is the solution for those who intend to invest moderately in shares and with prospects of capital appreciation in the long term.
Minimum subscription amountsAdditional or single deliveries: €1.00
Capital guaranteeNo
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Outside the conditions laid down in the Law: 1.0% for deliveries with less than a year
Management fee and depositary1.525%
Transfer commission0.00%
Buy
 

Investment in a retirement savings, whether on the form of a fund (FPR) or an insurance (PPR), is intended to prepare your future, in particular your retirement. It is also a saving that allows you to set up a financial reserve to deal with a serious and unforeseen situation such has long-term unemployment, permanent incapaciy to work or a serious illness.

At the same time, retirement savings funds enjoy a more favorable tax environment than most savings and investment products, either by deducting part of the investment from IRS collection or by having a more reduced retention rate of income tax.

The retirement savings funds are still an instrument of succession planning of your estate inheritance.

PPR can only be refunded, totally or partially redeemed, at the request of the Insured Person or Participant.

The PPR refund can be made when the Insured Person or Participant is in one of the following situations:

  • Retirement for old age of the Insured Person or Participant.
  • From the 60 years of the Insured Person or Participant.
  • Long-term unemployment of the Insured Person, Participant or any member of their household.
  • Permanent incapacity to work of the Insured Person, Participant or any member of their household, whatever the cause.
  • Serious illness of the Insured Person, Participant or any member of their household.
  • Use for payment of installments of credit agreements secured by mortgage of property destined to own and permanent housing of the Insured Person or Participant.

Refund under these conditions can only be verified for deliveries / subscriptions for which 5 years have elapsed since the date of payment. However, after a period of 5 years from the first delivery's date of payment, you may only request reimbursement of your contract if, in the first half of the contract, at least 35% of the deliveries have been paid.

In situations in which the PPR is a common property under the property regime of the couple, it refers to the personal situation of either spouse, reimbursement being allowed when the Spouse retires for old age or reaches the age of 60, provided that it is five years after payment of the respective deliveries. In situations where at least 35% of the premiums were paid during the first half of the contract, reimbursement may be requested after 5 years have elapsed from the date of the first delivery.

Outside of the legally established situations previously identified, a full or partial repayment of the PPR is allowed. However, this has fiscal implications as defined in Article 21 (4) and (5) of the Estatuto dos Benefícios Fiscais, which may imply the refund of the tax benefits by deduction of collection enjoyed, plus a penalty for each year elapsed, and application of a withholding tax rate on capital income at the highest IRS. Thus, as the possibility of the refund is subject to a ransom or redemption charge.

The BPI Reforma Investimento PPR/OICVM 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

The portfolio of BPI Reforma Investimento PPR/OICVM is comprised mainly of Public Debt securities, issued for a term of more than a year, fixed rate and indexed rate bonds. The Fund may also invest up to 25% of its portfolio in shares, in order to boost its long-term profitability.

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 BPI Gestão de Activos, S.A the BPI Reforma Investimento PPR/OICVM is the ideal solution for those who are close to retirement age and want a more conservative investment.
Minimum subscription amounts Additional or single deliveries: €1.00
Capital guaranteeNo
Subscription fee0%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Outside the conditions laid down in the Law: 1.0% for deliveries with less than a year
Management fee and depositary1.025%
Transfer commission0.00%
Buy
 

Investment in a retirement savings, whether on the form of a fund (FPR) or an insurance (PPR), is intended to prepare your future, in particular your retirement. It is also a saving that allows you to set up a financial reserve to deal with a serious and unforeseen situation such has long-term unemployment, permanent incapaciy to work or a serious illness.

At the same time, retirement savings funds enjoy a more favorable tax environment than most savings and investment products, either by deducting part of the investment from IRS collection or by having a more reduced retention rate of income tax.

The retirement savings funds are still an instrument of succession planning of your estate inheritance.

PPR can only be refunded, totally or partially redeemed, at the request of the Insured Person or Participant.

The PPR refund can be made when the Insured Person or Participant is in one of the following situations:

  • Retirement for old age of the Insured Person or Participant.
  • From the 60 years of the Insured Person or Participant.
  • Long-term unemployment of the Insured Person, Participant or any member of their household.
  • Permanent incapacity to work of the Insured Person, Participant or any member of their household, whatever the cause.
  • Serious illness of the Insured Person, Participant or any member of their household.
  • Use for payment of installments of credit agreements secured by mortgage of property destined to own and permanent housing of the Insured Person or Participant.

Refund under these conditions can only be verified for deliveries / subscriptions for which 5 years have elapsed since the date of payment. However, after a period of 5 years from the first delivery's date of payment, you may only request reimbursement of your contract if, in the first half of the contract, at least 35% of the deliveries have been paid.

In situations in which the PPR is a common property under the property regime of the couple, it refers to the personal situation of either spouse, reimbursement being allowed when the Spouse retires for old age or reaches the age of 60, provided that it is five years after payment of the respective deliveries. In situations where at least 35% of the premiums were paid during the first half of the contract, reimbursement may be requested after 5 years have elapsed from the date of the first delivery.

Outside of the legally established situations previously identified, a full or partial repayment of the PPR is allowed. However, this has fiscal implications as defined in Article 21 (4) and (5) of the Estatuto dos Benefícios Fiscais, which may imply the refund of the tax benefits by deduction of collection enjoyed, plus a penalty for each year elapsed, and application of a withholding tax rate on capital income at the highest IRS. Thus, as the possibility of the refund is subject to a ransom or redemption charge.

The BPI Reforma Obrigações PPR/OICVM 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)LowGrowth and retirementLong term Higher than 5 years

The portfolio of BPI Reforma Seguro PPR will be composed mainly of Public Debt securities, issued for a term of more than one year, fixed rate bonds and indexed rate bonds. In order to reduce risk, the fund will not invest in equities thereby reducing the volatility of the units.

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 - Fundo de Investimento Mobiliário, SA, theNB PPR/OICVM is the complement for those who want a diversified investment in several assets and are willing to assume some risk in investments.
Minimum subscription amountsInitial delivery: €250.00
Additional or monthly deliveries: €25.00
Capital guaranteeNo
Subscription fee0.00%
Refund comission0.00%
Management fee and depositary1.175%
Transfer commission0.00%
Buy
 

Investment in a retirement savings, whether on the form of a fund (FPR) or an insurance (PPR), is intended to prepare your future, in particular your retirement. It is also a saving that allows you to set up a financial reserve to deal with a serious and unforeseen situation such has long-term unemployment, permanent incapaciy to work or a serious illness.

At the same time, retirement savings funds enjoy a more favorable tax environment than most savings and investment products, either by deducting part of the investment from IRS collection or by having a more reduced retention rate of income tax.

The retirement savings funds are still an instrument of succession planning of your estate inheritance.

PPR can only be refunded, totally or partially redeemed, at the request of the Insured Person or Participant.

The PPR refund can be made when the Insured Person or Participant is in one of the following situations:

  • Retirement for old age of the Insured Person or Participant.
  • From the 60 years of the Insured Person or Participant.
  • Long-term unemployment of the Insured Person, Participant or any member of their household.
  • Permanent incapacity to work of the Insured Person, Participant or any member of their household, whatever the cause.
  • Serious illness of the Insured Person, Participant or any member of their household.
  • Use for payment of installments of credit agreements secured by mortgage of property destined to own and permanent housing of the Insured Person or Participant.

Refund under these conditions can only be verified for deliveries / subscriptions for which 5 years have elapsed since the date of payment. However, after a period of 5 years from the first delivery's date of payment, you may only request reimbursement of your contract if, in the first half of the contract, at least 35% of the deliveries have been paid.

In situations in which the PPR is a common property under the property regime of the couple, it refers to the personal situation of either spouse, reimbursement being allowed when the Spouse retires for old age or reaches the age of 60, provided that it is five years after payment of the respective deliveries. In situations where at least 35% of the premiums were paid during the first half of the contract, reimbursement may be requested after 5 years have elapsed from the date of the first delivery.

Outside of the legally established situations previously identified, a full or partial repayment of the PPR is allowed. However, this has fiscal implications as defined in Article 21 (4) and (5) of the Estatuto dos Benefícios Fiscais, which may imply the refund of the tax benefits by deduction of collection enjoyed, plus a penalty for each year elapsed, and application of a withholding tax rate on capital income at the highest IRS. Thus, as the possibility of the refund is subject to a ransom or redemption charge.

The NB PPR/OICVM 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

NB PPR/OICVM will invest a minimum of 40% and a maximum of 75% of its assets in public debt bonds with a residual maturity of more than one year. The fund will invest a maximum of 25% of its assets in shares or similar securities. The fund may invest in emerging market assets, up to a limit of 15%.

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 tx 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 Fundos de Pensões, the Vintage PPR is the retirement supplement for those who privilege the invested capital*.
Minimum subscription amountsInitial delivery: €25.00
Additional or monthly deliveries: €25.00
Capital guaranteeAnnually on the birthday of the subscription*
Subscription fee0.00%
Refund comissionRefund under the conditions laid down in the Law - not applicable.
Outside the conditions laid down in the Law: 1.5% in the first 3 years of the contract
Management fee and depositary1.10%
Transfer commissionFor GNP PPR: 0.00%
For PPR outside the GNB: 0.5%

*The guarantee of the subscription value of each unit is attributed to the respective value subscribed and for a period of one year. The guarantee will be renewed annually for periods of one year, unless otherwise decided by the Management Entity, in which case the Participant will be informed 30 days in advance of the date of renewal of the guarantee.

Buy
 

Investment in a retirement savings, whether on the form of a fund (FPR) or an insurance (PPR), is intended to prepare your future, in particular your retirement. It is also a saving that allows you to set up a financial reserve to deal with a serious and unforeseen situation such has long-term unemployment, permanent incapaciy to work or a serious illness.

At the same time, retirement savings funds enjoy a more favorable tax environment than most savings and investment products, either by deducting part of the investment from IRS collection or by having a more reduced retention rate of income tax.

The retirement savings funds are still an instrument of succession planning of your estate inheritance.

PPR can only be refunded, totally or partially redeemed, at the request of the Insured Person or Participant.

The PPR refund can be made when the Insured Person or Participant is in one of the following situations:

  • Retirement for old age of the Insured Person or Participant.
  • From the 60 years of the Insured Person or Participant.
  • Long-term unemployment of the Insured Person, Participant or any member of their household.
  • Permanent incapacity to work of the Insured Person, Participant or any member of their household, whatever the cause.
  • Serious illness of the Insured Person, Participant or any member of their household.
  • Use for payment of installments of credit agreements secured by mortgage of property destined to own and permanent housing of the Insured Person or Participant.

Refund under these conditions can only be verified for deliveries / subscriptions for which 5 years have elapsed since the date of payment. However, after a period of 5 years from the first delivery's date of payment, you may only request reimbursement of your contract if, in the first half of the contract, at least 35% of the deliveries have been paid.

In situations in which the PPR is a common property under the property regime of the couple, it refers to the personal situation of either spouse, reimbursement being allowed when the Spouse retires for old age or reaches the age of 60, provided that it is five years after payment of the respective deliveries. In situations where at least 35% of the premiums were paid during the first half of the contract, reimbursement may be requested after 5 years have elapsed from the date of the first delivery.

Outside of the legally established situations previously identified, a full or partial repayment of the PPR is allowed. However, this has fiscal implications as defined in Article 21 (4) and (5) of the Estatuto dos Benefícios Fiscais, which may imply the refund of the tax benefits by deduction of collection enjoyed, plus a penalty for each year elapsed, and application of a withholding tax rate on capital income at the highest IRS. Thus, as the possibility of the refund is subject to a ransom or redemption charge.

The BPI Reforma Valorização PPR/OICVM 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 capitalAveragePreservation, growth and retirementLong term Higher than 5 years

PPR Vintage will invest a maximum of 15% of its assets in shares of companies admitted to listing on regulated markets. The investment in fixed rate bonds will always exceed 50% of its total assets and in variable rate bonds may not exceed 20% of the assets. The Fund may also invest up to 25% of its assets in financial and money market instruments and foreign exchange, commercial paper, derivative financial instruments, real estate investment funds and non-harmonized and / or special 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.