Retirement Savings Plan

Take advantage of the IRS refund to prepare for the future

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Discover ActivoBank's PPR Fund Offering

Tax benefits, Retirement, Investment: whatever your motivation, see our advantages.

Subscribing to a PPR gives access to tax benefits when filling out your IRS declaration.
Think about the present and receive up to €400 on your IRS.

See tax benefits

People who retire in 2050 will have to live, on average, with 38% of their last salary.*
But you don’t have to be one of those people.

Prepare your PPR

Changing is simple and allows you to keep the tax benefits. We take care of everything.
Do you want to transfer your PPR to ActivoBank?

* Source: European Commission, Ageing Report 2024

PPR Investment Funds Offer

Learn about our solutions, with different Investment Strategies, adjusted to the different risk profiles.

Fund Currency Maximum exposure to stocks Art. SFDR
Optimize Capital Reforma PPR/OICVM Agressivo EUR 100% Article 6 Find more​
Optimize LFO PPR/POCVM Leopardo EUR 100% Article 6 Find more​
Optimize Capital Reforma PPR/OICVM Ativo EUR 55% Article 6 Find more​
IMGA Investimento PPR/OICVM A – Fundo de Investimento Aberto de Poupança Reforma EUR 55% Article 8 Find more​
Optimize Capital Reforma PPR/OICVM Equilibrado EUR 35% Article 6 Find more​
IMGA Poupança PPR / OICVM A – Fundo de Investimento Aberto de Poupança Reforma EUR 35% Article 8 Find more​
GNB PPR/OICVM - Fundo de Investimento Mobiliário Aberto de Poupança-Reforma EUR 25% Article 6 Find more​
Optimize Capital Reforma PPR/OICVM Moderado EUR 15% Article 6 Find more​

Tax benefits

20% of the amounts invested on the PPR in 2024 are deductible from IRS collection, by unmarried taxpayer or by each spouse not judicially separated from people and property, with the maximum values ​​identified in the following table:

Subscriber age Investment to gain the maximum fiscal benefit* Maximum deduction from IRS collection*
Up to 35 2.000€ 400€
35 to 50 1.750€ 350€
from 50 1.500€ 300€

* Taxable person

The sum originated from IRS collections (including fiscal benefits) cannot, however, exceed per household, the limits listed on the following chart:

Below €7 091 Between €7 091 and €80 640 Above to €80 640
No limit €1 000 +
[( 2 500 - 1 000) x ((Amount of the last tier - Taxable income) / (Amount of the last tier - Amount of the first tier))]		 €1 000

The amounts applied after the date of retirement or the amounts paid by a third party are not deductable, except when performed by the employers on behalf of their workers (n.º 8 of art.º 21.º of Estatuto dos Benefícios Fiscais).

AVAILABLE IN THE APP

Step-by-step guide to prepare your Retirement Savings Plan

Tell us about yourself

Let us know when you would like to retire, when you started working, and your gross salary.

Simulate how much you will receive

Discover your Retirement forecast and assess the most suitable Retirement solution for you.
In your App, go to For you > Investments > PPR/Retirement Funds > Start > Select the desired PPR > Subscribe > Enter your details to complete the simulation

Subscribe without complications

Choose the account you want to link to your PPR, read and accept the documentation, and start saving for your retirement.

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Retirement Savings Plans

Dar Créditos

In April, for each PPR subscribed, we donate €300, up to a limit of €3.000, to support the “Adapted Surf” and “Surf for All” events by Onda Pura.

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Frequently Asked Questions

What else do you need to know?

These are our frequently asked questions.

PPR Funds are investment funds designed for retirement savings. They are also managed by an Asset Management Company and typically follow a long-term investment strategy. The main advantage of PPRs compared to other investment funds is the tax benefits granted by law. However, they also have very specific conditions that must be met to be redeemed without penalties for the investor.

PPR Funds invest the capital contributed by subscribers in highly diversified portfolios of financial assets, according to the risk profile, to optimize returns while managing the risk taken by different PPR subscribers.

Contributions to a PPR are deductible from IRS tax liability at a rate of 20% of the amounts invested in 2024, per taxpayer who is not married, or per spouse in the case of married couples not legally separated. The maximum deductible amounts are shown in the table below:

Subscriber age Investment to gain the maximum fiscal benefit* Maximum deduction from IRS collection*
Up to 35 €2.000 €400
35 to 50 €1.750 €350
over 50 years old €1.500 €300

*Per taxpayer

The total amount of general deductions from tax liability (including tax benefits) cannot exceed, per household, the limits defined in the table below:

Below €7 091 Between €7 091 and €80 640 Above €80 640
No limit 1 000 +
[( 2 500 - 1 000) x ((Amount of the last tier - Taxable income) / (Amount of the last tier - Amount of the first tier))]		 €1 000

Amounts invested after retirement or paid by third parties are not deductible, except when made by employers on behalf of and for the benefit of their employees (Article 21(8) of the Tax Benefits Statute).

To transfer, you only need to inform the bank of your intention. This operation has no costs and maintains the original subscription date. You can change your current PPR Fund as long as it is transferred to another PPR Fund. However, you are limited to one transfer per year.

No. When transferring your PPR between financial institutions, you do not lose the tax benefits you have already received. This is different from early redemption (outside the conditions provided by law), which may require the repayment of those benefits.

No. The holding period of the PPR continues to count from the original subscription date, even after the transfer. Therefore, if you complete the required 5 years, you can benefit from the reduced tax rate of 8% on PPR earnings instead of the standard 28% rate.

You can redeem your PPR at any time. However, if it is outside the legally defined conditions, you will have to return the tax benefits received. For detailed information, please refer to Decree-Law No. 158/2002, of July 2, which includes the applicable legislation.

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Do not dispense with the consultation of the legally required contractual and pre-contractual information.

This is a Financial Product that does not guarantee the amounts invested, and therefore there is a risk of losing the entire capital.

Under Article 21 of the Tax Benefits Statute combined with Article 78 of the IRS Code, 20% of the amounts applied in Retirement Savings Plans (PPR) are deductible from the IRS collection, depending on the income bracket and the taxpayer’s age.

If you withdraw your PPR outside of the legal conditions, you will have to repay the tax benefits with an additional penalty. For detailed information, consult Decree-Law No. 158/2002, of July 2, with the legislation in force.

PPR Funds

The information presented does not constitute an investment recommendation. This information is merely informative and specific, being disclosed to its recipients as a mere auxiliary tool. It should not, nor can it, trigger or justify any action or omission, nor support any operation, nor replace any judgment by its recipients, who are therefore entirely responsible for the actions and omissions they undertake.

The value of Participation Units may decrease or increase depending on the evolution of the assets that make up the Fund, and consequently, the value and returns resulting from the investments may fall or rise. Higher returns are generally associated with higher risk. Past returns are not a guarantee of future returns. Due to economic and market risks, no guarantee can be given that the Fund will achieve its objectives. The returns presented do not include the effect of any subscription or redemption fees and are net of all other fees inherent to the Fund.

The returns resulting from investment in the Fund are subject to the applicable tax regime, which is detailed in the Fund's legal documentation. We recommend reading the Key Investor Information Document (KIID) for each of the Products, which can be consulted on the ActivoBank website. This does not dispense with the consultation of the pre-contractual and contractual information of the product, namely, the Key Investor Information, Cost Information, available on the ActivoBank website. This information refers to Investment Funds and Collective Investment Undertakings registered with the CMVM (Securities Market Commission) and that ActivoBank is legally authorized to distribute.

ActivoBank, S.A., headquartered at Rua Augusta, 84, Lisbon, with a share capital of €127,600,000.00, registered with the Lisbon Commercial Registry Office, with the unique registration number and tax identification number 500734305. Financial intermediary registered with number 116 with the Comissão do Mercado de Valores Mobiliários (Securities Market Commission) - Registration Date: 29/07/1991.