Invest in a long-term plan and earn more for your retirement.
Guarantee a financial reserve to navigate unexpected sickness or unemployment.
Possibility of personal income tax deduction for part of the investment made. Lower taxation in the event of redemption for the purposes provided for by law.
Choose one of the Retirement Savings Plans options we have for you.
The PPR Garantia GamaLife BEST is a retirement savings plan offered by GamaLife - Companhia de Seguros de Vida, S.A., a company registered with the ASF under No. 1109 for the Life Insurance sector, with its registered office at Av. Columbano Bordalo Pinheiro, No. 75 - 11th floor, 1070-061 Lisbon - P.O. Box 24048, CTT Campo de Ourique Branch (Lisbon), 1251-977 Lisbon. Share Capital: €50,000,000; Corporate Tax ID Number: 503 024 856; and registration with the Lisbon Commercial Registry (C.R.C.). This product is marketed by BEST - Banco Eletrónico de Serviço Total, S.A., headquartered at the novobanco Campus, Av. Dr. Mário Soares, Taguspark, Building 2, 1st Floor, 2740 -119 Porto Salvo, with a share capital of €30,000,000, registered on March 13, 2008, with the Insurance and Pension Funds Supervisory Authority in the category of insurance agent, under No. 408 268 350, authorized to market life and non-life insurance and pension funds. Banco Best is not authorized to collect insurance premiums for delivery to insurance companies. As an intermediary, Banco Best does not assume risk coverage. All information regarding the intermediary can be found at www.asf.com.pt.
| Minimum subscription amounts |
Additional or One-Time Deliveries250,00€ This amount is subject to change at the insurer's discretion |
Scheduled deliveriesMonthly: 50,00€ Quarterly: 150,00€ Semiannual: 300,00€ Annual: 600,00€ These amounts are subject to change at the insurer's discretion |
| Capital Guarantee1 |
Yes |
| Fees2 |
2026: 3.00%/year 2027: 2.00%/year 2028: 2.00%/year During the term of the contract, a guaranteed minimum rate is set annually at the beginning of each calendar year, which may be zero. The guaranteed minimum annual rate is net of the annual financial management fee and is effective from January 1 of that year until the end of the same year; it may be revised upward and does not take into account the applicable income tax at the statutory rate in effect at the time of redemption. |
| Profit Sharing |
No |
| Subscription Commission |
0% |
| Refund Commission |
0% The refund amount is determined according to the following rule:
|
| Annual management fee |
0% |
| Transfer Fee |
0.50% of the policy balance |
Minimum subscription amounts
Additional or One-Time Deliveries250,00€ This amount is subject to change at the insurer's discretion Scheduled deliveriesMonthly: 50,00€ Quarterly: 150,00€ Semiannual: 300,00€ Annual: 600,00€ These amounts are subject to change at the insurer's discretion |
|
Capital Guarantee1
Yes |
|
Fees2
2026: 3.00%/year 2027: 2.00%/year 2028: 2.00%/year During the term of the contract, a guaranteed minimum rate is set annually at the beginning of each calendar year, which may be zero. The guaranteed minimum annual rate is net of the annual financial management fee and is effective from January 1 of that year until the end of the same year; it may be revised upward and does not take into account the applicable income tax at the statutory rate in effect at the time of redemption. |
|
Profit Sharing
No |
|
Subscription Commission
0% |
|
Refund Commission
0% The refund amount is determined according to the following rule:
|
|
Annual management fee
0% |
|
Transfer Fee
0.50% of the policy balance
|
1 This product is not a deposit and is therefore not covered by a deposit insurance fund; it is guaranteed by GamaLife - Companhia de Seguros de Vida, S.A., and is thus subject to its credit risk. The guaranteed principal and income are subject to the credit risk of GamaLife - Companhia de Seguros de Vida, S.A.
2 Rate subject to the credit risk of GamaLife - Companhia de Seguros de Vida, S.A.
The GamaLife BEST PPR Guarantee is a PPR life insurance policy that will remain in effect for a period of no less than 5 years and, in any case, at least until the Insured Person reaches the age of 60; however, it may be redeemed in full or in part in accordance with the redemption terms.
Upon maturity of the contract, a lump-sum payment equal to the Policy Balance will be made, calculated in accordance with the provisions of Article 10 (Policy Balance) of the General Conditions, net of the applicable income tax at the statutory rate in effect at the time of redemption. In the event of a claim due to the death of the Insured Person prior to maturity, the PPR Garantia GamaLife BEST guarantees payment of the Policy Balance as of the date of death, calculated in accordance with Article 10 (Policy Balance) of the General Conditions, less the applicable income tax at the statutory rate in effect at the time of reimbursement.
The information contained in this advertisement does not replace the pre-contractual and contractual information required by law.
BEST does not have the authority to enter into contracts on behalf of GamaLife - Companhia de Seguros de Vida, S.A.
PPR Investimento Plus is a retirement savings plan from GamaLife - Companhia de Seguros de Vida, S.A., Entity registered in Autoridade de Supervisão de Seguros e Fundos de Pensões (Portuguese Insurance and Pension Funds Supervisory Authority) under the no. 1109 in life insurance class, with registered office at Av. Columbano Bordalo Pinheiro, no. 75 - 11th floor, 1070-061 Lisbon - PO Box 24048, Loja CTT Campo de Ourique (Lisbon), 1251-977 Lisbon, Portugal. Share Capital: €50,000,000; Corporate Tax ID Number: 503 024 856; and registration with the Lisbon Commercial Registry (C.R.C.). This product is sold by BEST - Banco Electrónico de Serviço Total, S.A., with registered offices at Campus do novobanco, Av. Dr. Mário Soares, Tagus Park, Edifício 2, Piso 1, 2740-119 Porto Salvo, with share capital of €30,000,000, registered with the Autoridade de Supervisão de Seguros e Fundos de Pensões (Portuguese Insurance and Pension Funds Supervisory Authority) as an Insurance Agent, on 03/13/2008, under no. 408 268 350, and authorized to sell life insurance, non-life insurance and pension funds. Best Bank is not authorized to receive insurance premiums for delivery to insurance companies. As an intermediary, Best Bank does not assume risk coverage. All intermediary information can be found at www.asf.com.pt.
| Minimum subscription amounts |
One-off deposit from € 1.000,00This amount may change by decision of the insurance company |
| Capital guarantee |
Yes |
| Fees |
2023: 2.50%/year 2024: 2.50%/year 2025: 1.50%/year 2026: 1.25%/year During the term of the contract, a guaranteed minimum rate is set annually at the beginning of each calendar year, which may be zero. The guaranteed minimum annual rate is net of the annual financial management fee and is effective from January 1 of that year until the end of the same year; it may be revised upward and does not take into account the applicable income tax at the statutory rate in effect at the time of redemption. |
| Profit-sharing |
Yes |
| Subscription fee |
0% |
| Payout fee |
Applicable to payouts outside the conditions provided for by law on the balance of the policy:2% the 1st and 2nd years
1,50% the 3rd year
1% the 4th and 5th year
0% from the 6th year
|
| Annual management fee |
A maximum of 1.25% of the time-weighted average and of the amounts invested during the year in the PPR Investimento Plus autonomous fund, according to the commercial sheet
|
| Transfer fee |
0,50% on the balance of the policy
|
Minimum subscription amounts
One-off deposit from € 1.000,00This amount may change by decision of the insurance company |
|
Capital guarantee
Yes |
|
Fees
2023: 2.50%/year 2024: 2.50%/year 2025: 1.50%/year 2026: 1.25%/year During the term of the contract, a guaranteed minimum rate is set annually at the beginning of each calendar year, which may be zero. The guaranteed minimum annual rate is net of the annual financial management fee and is effective from January 1 of that year until the end of the same year; it may be revised upward and does not take into account the applicable income tax at the statutory rate in effect at the time of redemption. |
|
Profit-sharing
Yes |
|
Subscription fee
0%
|
Payout fee
Applicable to payouts outside the conditions provided for by law on the balance of the policy:2% the 1st and 2nd years
1,50% the 3rd year
1% the 4th and 5th year
0% from the 6th year
|
|
Annual management fee
A maximum of 1.25% of the time-weighted average and of the amounts invested during the year in the PPR Investimento Plus" autonomous fund, according to the commercial sheet |
|
Transfer fee
0,50% on the balance of the policy
|
PPR Investimento Plus is a PPR life insurance policy.
The premium is paid in advance as a one-time payment (Lump-Sum Premium), and no additional premiums are permitted.
The PPR Investimento Plus plan will remain in effect for a period of no less than 5 years and, in any case, at least until the Insured Person reaches the age of 60; however, it may be redeemed in full or in part in accordance with the redemption terms.
Upon maturity of the contract, a lump-sum payment equal to the Policy Balance will be made, calculated in accordance with the provisions of Article 10 (Policy Balance) of the General Conditions, net of the applicable income tax at the statutory rate in effect at the time of redemption. In the event of a claim due to the death of the Insured Person prior to maturity, PPR Investimento Plus guarantees payment of the Policy Balance as of the date of death, calculated in accordance with Article 10 (Policy Balance) of the General Conditions, less the applicable income tax at the statutory rate in effect at the time of reimbursement.
The information contained in this advertisement does not replace the pre-contractual and contractual information required by law.
BEST does not have the authority to enter into contracts on behalf of GamaLife - Companhia de Seguros de Vida, S.A.
Viva PPR XXI is a retirement savings plan from UNA Seguros de Vida S.A. with registered corporate address at Avenida de Berna no. 24-D,1069-170 Lisbon, Portugal. This product is sold by BEST - Banco Electrónico de Serviço Total, S.A., with registered offices at Campus do novobanco, Av. Dr. Mário Soares, Tagus Park, Edifício 2, Piso 1, 2740-119 Porto Salvo, with share capital of €30,000,000, registered with the Autoridade de Supervisão de Seguros e Fundos de Pensões (Portuguese Insurance and Pension Funds Supervisory Authority) as an Insurance Agent, on 03/13/2008, under no. 408 268 350, and authorized to sell life insurance, non-life insurance and pension funds. Best Bank is not authorized to receive insurance premiums for delivery to insurance companies. As an intermediary, Best Bank does not assume risk coverage. All intermediary information can be found at www.asf.com.pt.
| Minimum subscription amounts |
Additional or one-off depositsmin. €250.00 and max. €10,000.00
|
Scheduled depositsMonthly: €75.00 Quarterly: €225.00 Half-yearly: €450.00 Annually: €900.00 |
| Capital guarantee |
Yes |
|
| Fees |
2023: 2.00%/ano 2024: 2.00%/ano 2025: 2.00%/ano
2026: 2.00%/ano |
|
| Profit-sharing |
Yes |
|
| Subscription fee |
One-off/additional deposits:1.00% up to €2700 0,80% above €2700 up to €10000 0,5% above €10000 up to €30000 0,4% above €30000 |
Regular deposits:2.00% from €900/year up to €1200/year; 1.5% from €1200/year up to €2500/year; 1.00% from €2500/year and above |
| Payout fee |
0%
|
|
| Annual management fee |
1% of average provisions for the financial year/year
|
|
| Transfer fee |
0.50%
|
Minimum subscription amounts
Additional or one-off depositsmin. €250.00 and max. €10,000.00 Scheduled depositsMonthly: €75.00 Quarterly: €225.00 Half-yearly: €450.00 Annually: €900.00 |
| Capital guarantee
Yes |
|
Fees
2023: 2.00%/ano 2024: 2.00%/ano 2025: 2.00%/ano
2026: 2.00%/ano |
| Profit-sharing
Yes |
Subscription fee
One-off/additional deposits:1.00% up to €2700 1.00% up to €2700 Regular deposits:2.00% from €900/year up to €1200/year; 1.5% from €1200/year up to €2500/year; 1.00% from €2500/year and above |
| Payout fee
0%
|
| Annual management fee
1% of average provisions for the financial year/year
|
| Transfer fee
0.50%
|
Viva PPR XXI is a PPR life insurance policy that will remain in effect for a period of no less than 5 years and, in any case, at least until the Insured reaches the age of 60; however, it may be surrendered in full or in part in accordance with the surrender terms.
Upon maturity of the contract, a lump-sum payment equal to the Policy Balance will be made, calculated in accordance with the General Conditions, less the applicable income tax at the statutory rate in effect at the time of redemption. In the event of a claim due to the death of the Insured Person prior to maturity, Viva PPR XXI guarantees payment of the Policy Balance as of the date of death, calculated in accordance with the General Conditions, less the applicable income tax at the statutory rate in effect at the time of reimbursement.
The information contained in this advertisement does not replace the pre-contractual and contractual information required by law.
BEST Bank does not enter into contracts on behalf of or for the account of insurance companies.
Retirement Savings Plans and pension funds are deductible from personal income tax collections at a rate of 20% for single persons and for each married spouse not legally separated. The deduction limits are as follows:
| Age | Investment amount per taxpayer | Maximum tax deduction amount |
|---|---|---|
| < 35 | €2000 | €400 |
| > =35 <=50 | €1750 | €350 |
| > 50 | €1500 | €300 |
For this purpose, the age of the taxpayer is considered as of January 1st of the year in which the investment is made.
Furthermore, the sum of the tax-deductible benefits may not exceed the limits defined for each taxable income band, as follows:
| Taxable income band (€) | Limit (€) |
|---|---|
| Up to 7035 | No limit |
| From 7035 to 80,000 | The result of applying the following formula: 1000 + [1500 × (€80,000 – taxable income)/72,965] |
| Above 80,000 | 1000 |
Amounts applied after the date of retirement and amounts paid by third parties are not deductible, except when made by employers in the name of and on behalf of their employees (Article 21(8) of the Portuguese Tax Benefits Statute).
Income tax
Income is taxed at the personal income tax base at the time of its availability, under the following conditions:
For payouts made in the circumstances provided for by law (including in the event of death of
the insured), income is taxed at a minimum rate of 8%, if received in the form of capital, or in accordance with the rules of category H (Pensions), if received in the form of income.
For payouts made outside of the circumstances provided for by law, income is taxed at a rate of
8.6%, if payout occurs from the eighth year, or 17.2% if payment occurs between the fifth and eighth year, provided that at least 35% of the total investment was carried out in the first half of the contract. Otherwise,
or if payout occurs before the fifth year, income tax is 21.5%. Income taxation depends on the date on which the sums paid out were invested, with the conditions in force at the time of the investment being applied.
In the event of partial payout, the first deposits made will be the first to be paid.
Retirement Savings Plans may only be paid out or redeemed in whole or in part at the request of the Insured Person or Participant.
Retirement Savings Plans may be paid out when the Insured Person or Participant meets at least one of the following conditions:
The Insured Person or Participant retires due to old age.
The Insured Person or Participant reaches 60 years of age.
The Insured Person or Participant, or any member of their household, is in long-term unemployment.
The Insured Person or Participant, or any member of their household, has a permanent disability
that prevents them from working, regardless of cause.
The Insured Person or Participant, or any member of their household, falls seriously ill.
Use for paying loan agreement installments guaranteed by mortgage on property intended for the
personal and permanent housing of the Insured Person or Participant.
Payout under these conditions can only be verified for deposits/subscriptions for which 5 years have passed since the date of payment. However, once 5 years has passed from the date of the first deposit payment, payout for the contract may only be requested if at least 35% of deposits were paid in the first half of the contract.
In situations where the Retirement Savings Plan is a shared asset under the marital property system, the personal situation of either spouse prevails, and payout shall only take place when the Spouse retires due to old age, or when the Spouse reaches the age of 60, provided that five years have lapsed since payment of the respective deposits. In situations where at least 35% of the premium sums were paid during the first half of the contract, payout may be requested after 5 years have passed since the date of the first deposit.
Other than in the situations provided for by law, stipulated above, full or partial payout of the Retirement Savings Plan is permitted. However, this carries tax implications as defined in Articles 21(4) and (5) of the Portuguese Tax Benefits Statute, which may involve the recovery of tax benefits by deduction from the amount collected, plus a penalty for each year lapsed, and the application of a withholding tax at the source on capitals gains taxed at a higher personal income base. Payout may therefore be subject to a payout or redemption fee.
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