Get your questions answered about the new Treasury bond for retirement

This Tuesday (27), the National Treasury launched the RendA+, a public bond aimed at those who want to save resources for individual retirement. The product will be pegged to inflation plus a real interest rate and allows the accumulation of amounts over the years to receive them in the future as a monthly benefit.

Understand how Treasury RendA+ works and how to invest in the new modality:

What is RendA+ Treasury?

It is a new government bond launched by the National Treasury, with a sovereign guarantee, aimed at those who want to save for retirement. The logic is to apply the funds for a certain period and then receive a monthly amount for 20 years.

What do I need to know to invest?

Interested parties will basically need to answer two questions: when they want to retire and how much they want to receive monthly in the future. The Treasury simulator will indicate how many securities you need to buy to reach your goal and, consequently, how much you will need to invest over the years.

Regarding the term, the initial offer provides for eight conversion date options (when the person begins to receive income from investments): 2030, 2035, 2040, 2045, 2050, 2055, 2060 and 2065. over up to 40 years. Regarding the value, the minimum investment is around R$ 30. There is no floor for the income to be earned in the future.

What is the accumulation period?

It is the period in which the saver carries out the application of resources. The security is available for new contributions until the day before the conversion date.

What is the conversion period?

From the conversion date, explained in the name of the security, the saver starts to receive the monthly income obtained from contributions and income. This value is then adjusted monthly by inflation, in order to preserve purchasing power, until the end of the 20 years of payments provided for in the modality.

How do I invest?

The interested party can make a simplified registration on the Investor Portal, or directly seek the intermediation of a bank or brokerage.

Can I apply resources via Pix?

Yes. However, this modality is currently only available to investors who carry out the simplified registration. Other financial institutions may join this system in the future.

Can I redeem RendA+ Treasury before completing the accumulation period?

Yes, it is possible to dispose of the securities before the deadline, provided that the grace period of 60 days after the purchase of the securities is respected. The option is useful in case of any emergency need, or lack of interest in maintaining the investment, although these reasons are not a prerequisite for the sale — it just depends on the investor’s will. However, attention is needed, as the securities are subject to market marking, that is, the sale price fluctuates according to market conditions. Therefore, it may not be advantageous to redeem it ahead of time.

Investing in the Treasury RendA+ replaces the contribution to the INSS?

Do not. Public pensions, operated via the INSS, have broader coverage, in addition to employer contributions (in the case of workers with a formal contract) and government guarantees that benefits will be paid and corrected. Therefore, a pension based on the minimum wage (minimum wage) requires relatively lower contributions than would be necessary to obtain the same amount with the RendA+ Treasury.

In addition, INSS retirement is for life, regardless of the beneficiary’s longevity, while the new Treasury title provides for the payment of income for a period of 20 years.

Finally, public pensions have a broader benefit plan, which includes retirement by age and risk benefits (such as assistance for temporary disability, death pension, maternity pay, among others), while the RendA+ Treasury only guarantees an extra retirement . For these reasons, the Treasury claims that the new product is a way to complement future benefits, not replace them.