Investment Funds PPR

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Prepare your retirement's future

Taxation

You can have tax benefits with the subscription and the redemption or maturity.

Flexibility

You can choose between several PPR Investment Funds, adjusted to the different investor profiles.

Future

Directed to those who wish to invest on their retirement with a medium/long-term goal and risk tolerance.

PPR Investment Funds Offer

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

Fund Currency Distribuição Art. SFDR
GNB PPR/OICVM - Fundo de Investimento Mobiliário Aberto de Poupança-Reforma EUR Capitalização Article 6 Learn more
IMGA Investimento PPR/OICVM A – Fundo de Investimento Aberto de Poupança Reforma EUR Capitalização Article 8 Learn more
IMGA Poupança PPR / OICVM A – Fundo de Investimento Aberto de Poupança Reforma EUR Capitalização Article 8 Learn more

Tax benefits

20% of the amounts invested on the PPR in 2022 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

IRS collection limits

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

Inferior to 7 091 Superior to 7 091 and inferior to 80 640 Superior to 80 640
Sem limite 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).

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.

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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