Portugal Archives - Pension Policy International

10JanJanuary 10, 2025

Retirees Relocate for Income Tax Exemptions

By Linda Gorman In 2013, the Portuguese government offered foreign retirees relocating to Portugal a 10-year tax exemption on their foreign-source pension income, provided their country of origin had a tax treaty with Portugal. As the number of immigrant retirees grew, the amount of forgone income taxes grew, reaching €1.5 billion, or about 0.6 percent of GDP, by 2021. In that year, the tax exemption was replaced by a 10 percent rate. In 2024, the exemption was repealed. Source National Bureau...

January 10, 2025

Articles, Pension design2025, Financial Literacy, Immigration, Portugal, Taxation

29NovNovember 29, 2024

Extra pension increase passes in Portuguese parliament

The Portuguese parliament approved an additional 1.25% increase in pensions, which will be added to the regular annual increase, on Thursday during the specialised votes on the State Budget for 2025. The Socialist Party (PS) proposal was carried by a majority of votes from opposition parties, with the PCP, BE, Livre, and PAN voting in favour. The PSD, CDS-PP, and Liberal Initiative voted against. The PS has estimated that its proposal has a budgetary impact of €265 million. However, a study of the measure's impact, requested by...

November 29, 2024

NewsAdequacy, Portugal

11NovNovember 11, 2024

Cooperation sought to tackle aging

13 Asian nations to share experiences via ASEAN Plus Three framework China is seeking to intensify exchanges in policymaking and technologies with 12 other Asian nations to tackle the shared challenges of aging populations. The cooperation is to be primarily conducted within the existing ASEAN Plus Three framework, known as APT, Civil Affairs Minister Lu Zhiyuan told a forum in Beijing. The APT framework was established in the 1990s among China, Japan and South Korea — all currently grappling with low birth...

November 11, 2024

NewsIncome, Occupational Pensions, Portugal

11NovNovember 11, 2024

Portugal. Workers Take to Streets Demanding Urgent Salary and Pension Increases!

In Lisbon and Porto, national protests demand salary increases and better public services, with potential future actions depending on budget discussions. On November 9, workers in Lisbon and Porto will take to the streets demanding higher wages. The protests aim to address both public and private sector concerns, highlighting the need for better salaries and pensions. Are you curious about the impact of these demonstrations on Portugal‘s economy? What drives workers to protest for their rights? On November 9, demonstrations are...

November 11, 2024

NewsIncome, Occupational Pensions, Portugal

16OctOctober 16, 2024

Record-Breaking €1 Billion: Brazilians Boost Portugal’s Pension Fund Like Never Before!

In a remarkable achievement, Brazilian workers in Portugal contributed over 1 billion euros to the country’s social security system in 2023. This significant increase of 57% compared to 2022 highlights the vital role immigrants play in sustaining Portugal’s economy. But what does this mean for the future of labor in Portugal? Why Are Brazilian Workers Essential to Portugal’s Social Security System? Brazilian immigrants are becoming indispensable to Portugal’s economy. With local workers aging and fewer young people entering the labor market, how can...

October 16, 2024

NewsContributions, Migration, Portugal

01AprApril 1, 2024

Portugal. Automatic Pension Scheme to be Approved

Heather Humphreys, the minister for social protection, has outlined her plan to implement the much-anticipated pension auto-enrolment programme for workers. Under the plan, businesses would match employee contributions with an additional €3, meaning that the State will contribute €1 for every €3 an employee contributes to their pension account. Workers between the ages of 23 and 60 who are not currently registered in a pension plan will be enrolled automatically. There will be a clause in the law allowing employees...

April 1, 2024

NewsOperations, Portugal

13MarMarch 13, 2024

Análisis financiero y tributario del sistema de pensiones portugués semejanzas y diferencias con el sistema de pensiones español

Por Carlos David Aguilar Segado El sistema de pensiones portugués se asemeja al modelo español al estructurarse en torno a los tres pilares básicos de las pensiones públicas obligatorias, tanto contributivas como no contributivas, y de las pensiones privadas complementarias, tanto empresariales como individuales, basadas en el modelo de seguro profesional prusiano del siglo XIX. Ambos países han reformado estos sistemas, tanto por los problemas demográficos de descenso de la natalidad y aumento de la longevidad, como por el alcance...

March 13, 2024

Artículos, Caracterización del Sistema2024, Impuestos, Portugal, Sotenibilidad del sistema

06SepSeptember 6, 2022

Portugal’s PM announces aid for pensioners and families amid inflation crisis

The President of the Republic, Marcelo Rebelo de Sousa, has already promulgated the Government's decree establishing exceptional support measures for families to mitigate the effects of inflation. According to a note published on the official website of the Presidency of the Republic, the Head of State also promulgated the Government's decree allowing the return of gas for consumers with an annual consumption of less than or equal to 10,000 m3 to the regulated tariff regime. This note was released by the...

September 6, 2022

NewsInflation, Portugal, Public Pensions

22AugAugust 22, 2022

Portugal becomes fastest aging country in EU: Study

Portugal currently registers 182 elderly (aged 65 years and above) for every 100 young people (aged up to 14 years), becoming the fastest aging country in the European Union (EU), according to a study published by the Contemporary Portugal Database Pordata. In the past three decades, the elderly population tripled in the country, according to the study, based on data from the Portuguese National Statistics Institute (INE) and published by Publico newspaper on Sunday. In 1990, Portugal registered 66 elderly for...

August 22, 2022

News2022, Aging, EU, Portugal

21JunJune 21, 2022

Portugal. “Historic increase” in pensions

The Prime Minister has assured that the Government will comply with the law and in 2023 there will be a “historic increase” in the value of pensions as a result of the drastic rise in inflation and the high economic growth registered this year. This perspective on the evolution of pensions in the coming year was passed on by António Costa at a CNN Portugal conference, which included a special broadcast of the program “The Principle of Uncertainty”. Asked by journalist...

June 21, 2022

News2022, Portugal, Public Pensions

January 2025

Retirees Relocate for Income Tax Exemptions

November 2024

Extra pension increase passes in Portuguese parliament

Cooperation sought to tackle aging

Portugal. Workers Take to Streets Demanding Urgent Salary and Pension Increases!

October 2024

Record-Breaking €1 Billion: Brazilians Boost Portugal’s Pension Fund Like Never Before!

April 2024

Portugal. Automatic Pension Scheme to be Approved

March 2024

Análisis financiero y tributario del sistema de pensiones portugués semejanzas y diferencias con el sistema de pensiones español

September 2022

Portugal’s PM announces aid for pensioners and families amid inflation crisis

August 2022

Portugal becomes fastest aging country in EU: Study

June 2022

Portugal. “Historic increase” in pensions