Understanding the new rules for imposing income tax on private pensions | National newspaper

The federal government has given taxpayers more time to decide how they will pay taxes Private pensions.

The new law was published in the Official Gazette of the Federation. At least 11 million people can save part of their income for retirement in private retirement plans. Figures are from the National Pensions and Private Life Association.

The change is already taking effect. From now on, anyone who has contracted a private pension plan will be able to choose how they pay their income tax.

Today there are two types of taxes – Which amounts to VGBL or PGBL methods – On the occurrence of the tax. Connection gradual – The investor pays income tax when the benefit is received – The rates are the same as income tax, ranging from 0% to 27.5% – And, as in the federal revenue table, they vary according to the amount to be received.

And the call Reactionary taxes – Which applies to refunds made at any time. The rate starts at 35% for investments lasting up to two years and drops to 10% for plans spanning ten years. any, The longer the money remains in the plan, the lower the rate that will be applied to withdrawals.

Before the change, Taxes can only be elected at the time of contracting the plan. Now the investor can evaluate what is more beneficial and change the option whenever he wants. The time the investor stays in the system will not be taken into account if he decides to change.

Experts say that it is necessary to make calculations and weigh them carefully. If the money can be left there for retirement, the regressive model may continue to be the best option in supplemental annuities. But if the choice is to withdraw, it is time to analyze when to contribute and the amount to be received. Only after that should the investor ask the bank to change the tax to adjust his financial situation.

Financial planner Merian Lund believes the change will give investors more comfort.

“It will allow you to optimize your earnings, because at the time of the refund, I can tell whether progressive or regressive taxes are better, not at the time of filing,” he says.

The government expects to attract more people to supplementary pensions. The decision to exchange can be made when the investor has more information about the current financial reality.

“This investment becomes more attractive because the taxpayer already knows, and the investing taxpayer already knows that they are going to have a tax burden that is going to be appropriate for the investment that they want to make and also appropriate for the contribution capacity that that investor has,” Tax explains. Lawyer Gustavo Brigacao.

Igor Ferreira is self-employed and believes he can benefit from a change.

“Since I don't have a fixed income, we never know what tomorrow will bring. So, I think of it this way: I'm building a nest egg for the future, but we never know what could happen and he might be saying, 'I need to be saved.'” .