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 retirement oriented investment funds and are managed by a mangement society in a transparent way, following a set investment policy. The invested capital is not guaranteed.

PPR Funds invest the subscribers capital on diversified financial asset portfolios, according to their risk profile, in order to optimize the profitability over the risk assumed by the subscribers of the different PPR´s.

Yes, you can deduct 20% from the tax assessed, of the PPR applications, with a maximum of 300 and 400 Euros, according to the age of the subscriber. But, it also contributes to other deductions – such as health expenses and charges with residential homes – for another limit that depends on the income of the family household.

To transfer your PPR Fund, you simply have tolet the Bank know your intentions. This operation is free of charges and maintains seniority. You can change the PPR Fund you have currently, as long as it is to another PPR Fund. There's a limitation of one change per year.

You can redeem it at any time. But, outside the legal conditions you will have to return the fiscal benefits, with an additional 10% per year, and support an early redemption fee;

  • Not having done any tax deduction, there won’t be any fiscal penalty, even though there might be a redemption fee (if applicable at the time of the request);
  • The value of the PPR can be withdrawn without penalty in the following situations, according to law: Retirement by old age or from 60 years old and on. In these cases, i tis necessary to ensure that the first delivery occurred at least 5 years ago and that a minimum of 35% of the deliveries was made during the first half of the Plan;
  • Client’s special situations or of any member of his household:
    • Long duration unemployment;
    • Permanent incapacity for work;
    • Serious illness of the Participant;

Payment of due installments of the Loan ensured by mortgage and of the installments to be due as they are becoming obsolete, regarding the property destined for own permanent housing.

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