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IT IS NEVER TOO EARLY TO PREPARE FOR THE FUTURE!

In Portugal people need to start saving and investing in retirement complementary products
or they will loose quality of life when they retir.


2010 was the year when the number of
deaths started to exceed
the number of births, using the current model this means that in the future
there will be less resources to pay for pay retirement pensionss.

Inversion Point



THE YOUNGER GENERATIONS WILL EXPERIENCE
MORE DIFFICULTIES IN FUNDING THEIR PENSIONS THROUGH THE SOCIAL SECURITY SYSTEML

Source: INE - Statistics Portugal

THE YOUNGER GENERATIONS WILL EXPERIENCE
MORE DIFFICULTIES IN FUNDING
THEIR PENSIONS THROUGH THE
SOCIAL SECURITY SYSTEML



NEW DEMOGRAPHIC DYNAMICS


The older generations continue working longer so as to eliminate the difference in income and generate a financial complement.

Due to that fact, the younger generations have more trouble in accessing the labour market and they need to do so in order to start saving. This fact unbalances the social security system that requires 3 active workers to compensate each retired individual. In Portugal this ratio stands currently at 1.5 workers per pensioner.

Average life expectancy  - Age for Retirement = 15 or more years in retirement



Projection of the amount of the retirement pension versus a monthly salary of 1,500€



Projection of the amount of the retirement pension versus a monthly salary of 1,500€.




Current Age 55 Age 40 Age 25  

Current Age 55

Age 40

Age 25

Source: Social Security Simulator


Due to these constraints, the average value of the retirement pensions paid by Social Security is expected to drop in the next few decades, going from around 82% of the amount of the last net wage in 2006 to around 56%, for a young person who is 25 today and retires at 66 years of age.


PREPARE YOUR RETIREMENT



The sooner the better

The sooner the better

Younger generations have more time to save, which lightens the effort made and makes it more sustainable considering the savings required to have a retirement complement.




Savings monthly amount estimated*
to match your retirement pension to a
monthly salary of €1,500



* Assuming an average annual yield of 3.5%

Savings monthly amount estimated


How much is your effort worth?

How much is your effort worth?

The sooner you start to save, the greater the probability of getting better results either by the  valuation of the markets or by the capitalization effect.



How much can you earn in retirement *
for every 100€ of monthly investment

* Assuming average annual yields
of 2.5%; 4% and 5%.

How much can you earn in retirement


The rates presented are merely examples and are not based on products provided by Millennium bcp.



I save for retirement because...



THE AVERAGE LIFE EXPECTANCY INCREASES FUTURE RETIREMENT PENSIONS ARE UNPREDICTABLE I WILL BE FINANCIALLY COMFORTABLE WHEN I RETIRE

THE AVERAGE LIFE
EXPECTANCY INCREASES

FUTURE RETIREMENT
PENSIONS
ARE UNPREDICTABLE

I WILL BE FINANCIALLY
COMFORTABLE WHEN
I RETIRE

     
FLEXIBILITY PROGRAMMED DELIVERIES AS OF 25€ TRANSFERABLE RETIREMENT PLAN TAX ADVANTAGES

FLEXIBILITY
PROGRAMMED DELIVERIES
AS OF 25€

TRANSFERABLE RETIREMENT PLAN

TAX ADVANTAGES



Because we know that time flies, at Millennium bcp we have several options for your retirement.
To accomplish your plans, start preparing for your future today.


This is the commitment we want to ensure at any time of your life: a medium-/long-term retirement solution.


Contact your account manager and see the solutions that we, together with our partners IMGA and Ocidental, place at your disposal.


YOU MAY COUNT ON THE BANK THAT HELPS YOU IN YOUR RETIREMENT YOU MAY COUNT ON THE BANK THAT HELPS YOU
IN YOUR RETIREMENT


This information cannot be read as personalised advice or recommendation to invest/sell, nor does it dispense with the reading of the legally required pre-contractual and contractual information and of the Key Investor Information Document (KIID) available at www.millenniumbcp.pt or at any Millennium bcp branch.