Use was made official by the CMN last Thursday (26); learn about this and other private pension features in exclusive content (Image: iStock.com/Irina Shatilova)
A private pension is attracting the attention of more and more Brazilians. There is data that proves this: in the first half of this year alone, net inflow of private pension products grew 23% compared to the same period in 2023.
And why is the product now attracting more attention?
In short, more people are discovering that private pensions offer different features – some of them advantageous – far beyond extra income for retirement.
Recently, the product gained yet another use: guarantee in loan operations.
The new feature: loan guarantee
This “new” use of supplementary pensions was officially regulated by the National Monetary Council last Thursday (26).
In a note, the CMN stated: “the regulation will bring greater legal and operational security to the product, in addition to creating conditions to increase competition between credit institutions.”
It works as follows: if the borrower cannot afford to pay the debt, their private pension balance will be used to pay it off.
As a result, it is possible that loan conditions will be more favorable since contracting, with lower interest rates.
Advantage or disadvantage?
In an interview with Exame, the director of institutional relations at the National Confederation of Insurance Companies, Esteves Colnago, stated: “pension will be seen as something that facilitates borrowing. The consumer will be able to obtain much cheaper credit at very attractive rates. It’s a win-win.”
Therefore, this use can be an advantage for those who actually need greater liquidity at the moment and see a loan as the best solution.
Furthermore, with a stronger guarantee, the chance of granting credit and better interest rates increases. It's the same as with real estate credit: with the possibility of a fiduciary sale, the bank is more protected and the interest rates are lower than on a personal loan, for example.
But, for those who don't want to risk their pension allocation due to paying off a loan, it can be a risk. Of course, this is just an alternative – and the pension investor does not need to join.
This is yet another benefit for a special investment modality, which presents several other very advantageous points.
It is important to highlight that the amount used as collateral is “locked” at the financial institution – it cannot be redeemed until the loan debt is paid off in full.
The main advantages of investing in private pensions
In addition to being a supplementary income for retirement in times of uncertainty regarding the future of the INSS, as well as for other purposes, it is worth remembering its tax advantages:
- Possibility of obtaining the lowest rate between all investments non-exempt from income tax in the country (for those who “hold” the application for more than 10 years);
- Exemption from quota eater (tax deducted in the months of May and November in most market investment funds);
- Deduction of up to 12% of annual gross income in your income tax declaration in the PGBL modality;
- Until further notice, it is not yet included in the inventory, which facilitates succession planning.
However, it is crucial to know how to capture these advantages, to only take advantage of the best opportunities that private pensions offer at the moment. And, thus, avoid “ungrateful” surprises by entering assets that are not so good.
And that's why Your Money is making it available, as courtesyone complete guide first steps in private pension.
Discover the best private pension funds to invest in now
If you want to start investing in private pensions, but still have doubts, Seu Dinheiro (a news portal partner of Money Times) has prepared a exclusive guide to help you.
With the guide, you will be able to check four private pension funds that are worth it, to invest today. Additionally, you will have access to information such as:
- Everything about taxation (progressive or regressive);
- How to choose the best pension plan for you (PGBL or VGBL);
- An exclusive financial spreadsheet, “Your Retirement Plan”, to simulate your ideal “salary” with private pension;
- A list of the 175 provident funds for avoid not Brazil.
Remembering that this content is free. To access it, just click this linkor the button below.