23. Private Pension

Private pension is a type of investment that aims to guarantee a future income to the investor, either for his retirement, for the realization of a project or for the financial security of his family members. This type of investment is managed by financial institutions and is an alternative to social security, being especially interesting for those who want to have a supplementary income in the future or guarantee a more peaceful retirement.

Private pension plans can be divided into two types: the Free Benefit Generator Plan (PGBL) and the Free Benefit Generator Life (VGBL). The PGBL is more suitable for those who complete the Income Tax declaration, as it allows deducting contributions of up to 12% of the annual gross income. The VGBL, on the other hand, is more suitable for those who make the simplified declaration, as it is not possible to deduct the contributions in the Income Tax, but on the other hand, at the time of redemption, the tax is levied only on the income.

Private pension plans are flexible and allow the investor to choose the amount of the contribution and the periodicity of contributions. In addition, it is possible to choose between different types of investment funds to invest the money, according to the risk profile of the investor. Funds can be fixed income, variable income or mixed.

The taxation of private pension plans can follow two tables: regressive or progressive. In the regressive table, the Income Tax rate decreases over time, being more advantageous for those who plan to make the redemption in the long term. In the progressive table, the rate increases according to the redemption value, which may be more interesting for those who intend to make smaller redemptions.

It is important to emphasize that private pension plans are a long-term investment and that early redemption may not be advantageous due to the incidence of taxes and fees. In addition, it is essential to choose a solid and reliable financial institution to manage the private pension plan, as the investment is made on behalf of the institution and the investor runs the risk of losing money in the event of its bankruptcy.

Another important point to consider is the management fee charged by the financial institution. This fee is a percentage of the amount invested and may vary according to the institution and type of fund chosen. Therefore, it is important to research and compare rates before choosing a private pension plan.

In summary, private pension is an excellent option for those who want to guarantee future income and are willing to invest in the long term. However, it is an investment that requires planning and knowledge, and it is recommended to seek the guidance of a trusted professional to choose the plan that best suits your needs and goals.

For those who are preparing for public tenders in the banking area, it is essential to master the subject of private pension, as this is one of the products offered by banks and is often charged in tests. In addition, knowledge about private pension plans can be useful for the candidate's own financial management, helping to build a safer and more peaceful financial future.

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