José Moreira Simões
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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