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Plan your family's future.
With a pension plan you guarantee peace of mind at the best age.
Private pension is the way to guarantee your supplementary income in the future. The average amount paid by social security does not reach two minimum wages, therefore, social security plans are essential for family planning. In addition, pensions have many advantages that set them apart from other types of investment.
Learn more about investment funds
VGBL
(Free Benefit Generator Life)
The VGBL does not go into inventory, the resources being transferred automatically, in a few days, to the beneficiaries of the plan. It is ideal for those who submit a simplified income tax return and/or do not contribute to public pensions.
succession planning
Progressive or Regressive IR
PGBL
(Plan Free Benefit Generator)
Indicated for those who submit the complete income tax return, the one that takes advantage of all the deductions. To be entitled to the abatement, the participant must also contribute to Social Security or to a specific social security system for public servants.
Income Tax Deduction
Progressive or Regressive IR
Private Pension for Retirement: what are the advantages?
Among the main advantages of a private pension fund in relation to other funds or fixed income assets, we can mention:
Liquidity for inventory: unlike any other financial investment, any private pension fund, closed or open, does not go through the inventory process in the event of the holder's death, as the accumulated reserves are transferred automatically to the beneficiaries indicated in the policy. However, it has to follow the law of the legitimate as any other financial asset and/or fixed assets;
Long-term tax benefit: any type of private pension plan, whether PGBL or VGBL, can follow the regressive or progressive scale of IR. If the holder of the private pension fund chooses the regressive scale of IR, in the long term, that is, from 10 years onwards, taxation drops to 10% on the gain in the case of VGBL funds or 10% on the total reserves in the case of PGBL funds. While any other financial investment, except for assets totally exempt from IR, is taxed at a minimum of 15%;
Exemption from “come quotas”: any open-end fund (closed or exclusive funds are also exempt from the rule) is subject to an advance tax of at least 15% on earnings, charged every six months in May and November, called “come quotas”. This generates an inverse burden to the dynamics of compound interest, that is, interest on interest. Private pension funds are exempt from “come quotas”;
Cash flow organization (forced savings): in the vast majority of cases the holder of a private pension fund makes small monthly contributions. This helps the investor to “get used to” these deposits, which are considered almost an expense, despite being an investment. This “forced savings” is yet another benefit of private pension plans, in addition to the fact that one can choose between payment with a bank slip or debit from a current account;
Automatic transfer of assets free of ITCMD (Tax on Transmission Causa Mortis or Donation): in addition to not going through the probate process, private pension plans are transmitted to legal heirs and/or beneficiaries (provided that the law of the legitimate is respected) without suffer no taxation on account of the death of the holder. Taxation only occurs when the reserves accumulated in the fund are redeemed.
What type of pension plan should I choose for my retirement? PGBL or VGBL?
Open pension funds are classified into two categories:
PGBL - Free Benefit Generator Plan
VGBL – Free Benefit Generating Life
See when to choose each one:
> Free Benefit Generator Plan (PGBL): ideal for those who make a complete Income Tax (IR) declaration , as you can deduct the value of contributions from your IR calculation base, with a limit of 12% of your gross annual income . Thus, you can reduce the amount of tax payable.
However, the IR will be levied on the total value of the pension plan when the money is redeemed. Therefore, this benefit should not be considered a tax exemption, but only a deferral. After all, this tax will be paid on redemption.
Private pension plans of the PGBL type are recommended for people with higher incomes and also for the long term (over 10 years). So, if you are planning for your retirement and you still intend to work at least 10 more years, PGBL makes sense.
Finally, if you file a complete income tax return and have tax payable, up to 12% of your gross income, the best choice for private pension investment is a PGBL fund.
But beware: there at the time of redemption the net value of a PGBL fund will only be greater than the VGBL if you reinvest the income tax saved annually in the PGBL fund. Therefore, it is necessary to have organization and commitment to make a pension fund of the PGBL type worthwhile in detriment to a fund of the VGBL type.
> Vida Gerador de Benefício Livre (VGBL): ideal for those who file a simplified income tax return, for those who are exempt from income tax, for self-employed professionals or for those who wish to invest more than 12% of their gross annual income.
That's because in a VGBL, taxation only happens on the accumulated income (as in other classes of funds). However, it does not allow the annual deduction of the IR.
Private pension plans of the VGBL type are normally recommended for people with lower incomes, for shorter terms or to complement another pension fund of the PGBL type, when the investor wants to allocate more than 12% of gross income in private pension funds. .
Progressive or regressive taxation? What is the best tax regime?
Open pension funds also have the advantage of being able to choose between two ways of collecting income tax (IR). The progressive IR table, also called compensable or anticipated and the regressive IR table, also called definitive. See the difference between them:
> Progressive IR Table: when opting for progressive taxation for your private pension plan, your renda (and not time), including salary, pension, dividends , rents or any other, will be the factor taken into account to determine the IR range, according to the table below:
> IR Regressive Table: when opting for regressive taxation for your private pension plan, will o prazo de contribution be the determining factor of the IR range, as shown in the table below?
Now notice one thing!
Private pension funds should be seen as long-term investment modalities for retirement. If this premise is respected, in most cases, the regressive income tax table for your private pension plan will undoubtedly be more advantageous than the progressive table.
Unless your only income when you retire is the INSS and the total amount of this income does not exceed the second level of the progressive table of IR, which is 7.5%. Where, in this case, the progressive table will be more advantageous for your private pension plan.
Here again that question arises:
It is possible to port (change) the tax regime of the
my private pension fund?
It depends! If your private pension plan is in the IR progressive table, then it is possible to port it to the IR regress table.
But the reverse is not true. If your pension plan is in the IR regressive table, it will not be possible to convert it to the progressive table.
Another difference between the progressive and regressive table of IR for private pension plans is that, when the progressive table of IR is chosen, the collection of the IR will be 15% at source, regardless of the amount and compensation, if necessary, will take place in the annual income tax adjustment statement (this one is made by the end of April every year).
When the option is for the regressive IR regime, there will be no offsetting of the annual adjustment statement, as the payment is definitive at source. So it is advantageous in the long run and probably in your retirement.
Now we need to know the types of income that private pension funds offer:
> Income: is the series of periodic payments to the participant (holder) or beneficiaries. At the desired time and according to the rules of each plan, the investor can choose between the following income options:
Lifetime Monthly Income: consists of a monthly income to be paid for life and exclusively to the participant from the date chosen for granting the benefit. The payment of rent ceases with the death of the participant;
.Temporary Monthly Income: consists of a monthly income to be paid temporarily and exclusively to the participant, ending with his death or with the end of the contracted term, whichever comes first;
.Lifetime Monthly Income with a Guaranteed Minimum Term: consists of a lifetime income paid to the participant from the date chosen for granting the benefit. However, if during the period of income receipt the participant dies, before having completed the minimum guarantee period chosen, the income will be paid to the beneficiaries, for the remaining period of the minimum guarantee period;
.Lifetime Monthly Income Reversible to the Indicated Beneficiary: consists of a lifetime monthly income paid to the participant from the date chosen for granting the benefit. Occurring the death of the participant, during the receipt of this income, a percentage of its value established in the proposal will be reverted for life to the named beneficiary. In the event of the beneficiary's death, before the participant and during the period of income receipt, the reversibility of income will be extinguished, without the right to compensation or refund of the amounts paid;
.Lifetime Monthly Income Reversible to Spouse with Continuity to Minors: consists of a lifetime monthly income paid to the participant from the date chosen for granting the benefit. In the event of the death of the participant during the receipt of this income, a percentage of its value established in the proposal will be reverted for life to the spouse and, in the absence of this, it will be temporarily reversible to minors until the youngest reaches the age of majority established in the plan's regulation .
> Annuity: is the single payment, as stipulated in the plan, due to the death of the insured;
> Contribution: is the amount corresponding to the contributions made to fund the plan;
> Beneficiary: is the person indicated by the participant, to receive any amounts guaranteed by the plan, as a result of the triggering event.
Types of Death Benefits:
> Pension: payment in the form of an income to people who are economically dependent on the participant, such as the spouse, children, etc.;
> Savings: payment in the form of a single payment to the beneficiary of the participant.
Private pension: how
hire to have a
peaceful retirement?
Hiring a private pension plan is very simple.
Just choose the best fund according to your profile and needs, fill in and sign a proposal, where you will define, among other information:
The plan type (PGBL or VGBL)
The IR scale (regressive or progressive)
The form and amount of monthly contributions (debit or bank slip)
the billing day
The beneficiaries and the fraction of the reserves belonging to each one
A retirement age (which can be changed at any time)
Contact us and we will make a study of uma Previdência Private ideal for your profile.
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