PRA

José Moreira Simões

Trainee Lawyer | Tax

July 26, 2024

PPR: tax benefits and investment opportunities

The Portuguese save little, in 2023 the savings rate of Portuguese families was 6.2% of their total income, the lowest value since records exist.

This factor, combined with the uncertainty regarding the sustainability of Social Security and the current pension regime, translates into an increase in opportunities and incentives for savings through various financial instruments.

José Moreira Simões, Tax’s trainee lawyer, explains what a Retirement Savings (PPR) consists of and what its tax benefits are.

 

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