Give safety to your future by investing today.
With Reforma Ativa PPR 2ª Série, you can start preparing the flexibility that you will have in the future.
2nd Series Global Investor Insurance - SIG 2nd Series, from 30€ per month.
Without penalty until 31/12/2024 with the latest amendment brought by Law No. 82/2023, of December 29, 2023 (State Budget Law for 2024)
1 -Notwithstanding the provisions of paragraphs 1 to 4 of article 4 of Decree-Law No. 158/2002, of July 2, until December 31, 2024, the value of retirement savings plans (PPR), education savings plans (PPE), and retirement/education savings plans (PPR/E) may be reimbursed up to the monthly limit of the IAS by the participants of these plans. (The circular letter No. 20267/2024, published by the Tax Authority, indicates that only contributions made until the beginning of the effectiveness of this benefit, i.e., until September 30, 2022, can benefit from the exceptional regime for redemption.)
2 - During the years 2023 and 2024, partial or total reimbursement of the value of the aforementioned savings plans is permitted for the payment of installments of credit contracts secured by a mortgage on a property intended for the participant's own and permanent residence, as well as installments of credit for the construction or improvement of properties for own and permanent residence, and contributions to housing cooperatives in permanent own housing solutions, being exempted from the minimum five-year holding requirement for mobilization without the penalty provided for in paragraph 4 of article 21 of the Statute of Tax Benefits, similar to the situations referred to in subparagraphs b), c), and d) of paragraph 1 of article 4 of Decree-Law No. 158/2002, of July 2. (The circular letter No. 20267/2024, published by the Tax Authority, indicates that only contributions made until the beginning of the effectiveness of this benefit, i.e., until December 31, 2022, can benefit from the exceptional regime for redemption).
3 -The provisions of the preceding paragraph are equally applicable for the purpose of early reimbursement of the credit contracts referred to therein up to the annual limit of 24 IAS. (The circular letter No. 20267/2024, published by the Tax Authority, indicates that only contributions made until the beginning of the effectiveness of this benefit, i.e., until June 27, 2023, can benefit from the exceptional regime for redemption).
4 - The refunded amount is determined, with the necessary adaptations, in accordance with the legislation and respective regulation applicable to the savings plans and funds, depending on the nature, for such reimbursement, and with the provisions of the constitutive documents.
5 - Credit institutions, as defined in the General Regime of Credit Institutions and Financial Companies, approved by Decree-Law No. 298/92, of December 31, and entities authorized to commercialize this type of financial products, disclose prominently, until December 31, 2024, on their websites and, in the case of issuing account statements with an area for customer information, on their statements to the customer, the possibility of redeeming PPR, PPE, and PPR/E under this regime.
6 - The entities referred to in the previous paragraph adjust their respective service channels, ensuring that customers can access the redemption regime created by this article through the same channels, namely digital and telephone, that they provide for other operations of subscription, reinforcement, or redemption of the plans listed in paragraphs 1 and 2.
7 - The Bank of Portugal and the Insurance and Pension Funds Supervisory Authority supervise the entities they regulate regarding compliance with the provisions of paragraphs 5 and 6.