Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 25

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 25
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 group pension plans. Our largest individual plans in terms of contributions
known as VGBL and PGBL are exempted from paying taxes on income generated by the fund portfolio. The participants of these funds are taxed
upon the redemption of quotas, and/or receipt of benefits.

As of
December 31, 2024, Bradesco Vida e Previdência accounted for 23.2% of the supplementary pension plans in terms of contributions,
according to SUSEP. On December 31, 2024, Bradesco Vida e Previdência accounted for 22.1% of assets under management: 21.1% of VGBL,
20.8% of PGBL and 43.8% of traditional pension plans, according to FENAPREVI.

Brazilian
law currently permits the existence of both “open” and “closed” private pension entities. Open private pension
entities are those available to all individuals and legal entities wishing to join a benefit plan by making regular contributions. Closed
supplementary pension plan entities are those available to discrete groups of people such as employees of a specific company or a group
of companies in the same sector, professionals in the same field, or members of a union. Private pension entities grant benefits on the
basis of periodic contributions from their members, or their employers, or both.

As of
December 31, 2024, we managed open supplementary pension plans covering 3.2 million participants, with a total balance of R$347 billion
in collateral assets.

Under
VGBL and PGBL plans rules, participants are allowed to make contributions either in installments or in lump-sum payments. Participants
in pension plans may deduct the amounts contributed to PGBL up to 12.0% of the participant’s taxable income when making their annual
tax declaration. At the time of redemption and/or when benefits are paid out, taxes will be levied on the income accrued, pursuant to
current legislation, in relation to the total redeemed/received as benefit. VGBL plan participants may not deduct their contributions
when declaring income tax. At the time of redemption and/or when benefits are paid out, taxes will be levied on the income accrued, pursuant
to current legislation.

These
plans can be contracted either individually as well as in business plans. Individual plans represent 53.3% and business plans 46.7% of
the total number of participants. The business plans account for