Exceptional regime for PPR, PPE and PPR/E redemption without penalty until 31/12/2023 in accordance with Law 19/2022 of 21 October, as amended by Law 24-D/2022 of 30 December (National Budget for 2022)
As stated in article 6.º of Law n. º 19/2022 of 21 October, between 1 October 2022 and 31 December 2023, the savings plans (PPR, PPE and PPR/E) can be early redeemed by their holder before the expiry of 5 years, up to the monthly limit of the Social Support Index (Indexante de Apoios Sociaisl (IAS)) amount, which in 2023 is €480,43, determinated by the taxpayer and not by the policy or financial institution, without any associated penalty, as long as it relates to amounts invested up to 30 September of 2022 (numbers 1 to 4 of Article 4.º of Decree-Law n.º 158/2002 of 2 July). If the redemption relates to sums invested from 1 October 2022, the provisions of Article 4.º of Decree-Law n.º 158/2002 of 2 July and of Article 21.º of the Tax Incentives Statute will apply. During the year 2023, it is allowed the partial repayment of the amount from the savings plans to pay the installments of contracts of secured Loans guaranteed by mortgage on property for the purpose of own and permanent housing of the participant, as well as installments of Loans for construction or improvement of property for own and permanent housing, and deliveries to housing cooperatives in permanent housing, being exempted from the obligation of a minimum of 5 years of permanence for mobilization without penalty provided for in nº4 of Article 21 of the Social Support Index.
For more information, contact us via Support Line: +351 210 030 700