Latest news and stories about pensioners in finance in Portugal for expats and residents.
Millions of pensioners in Portugal will receive a double payment this month, combining their regular July pension with their annual holiday allowance. The specific payment dates vary depending on the individual's enrollment in the social security system.
Taxpayers with lower incomes, including pensioners, may be eligible to recover tax withheld at source on interest income.
The supplement will be paid in December together with that month's pension
The President of the Republic has officially approved the extraordinary payment supplement for pensioners.
The Government estimates that public accounts will end this year with a budget surplus “close to zero”, calculating the 800 million euro refund to the Portuguese people through the extraordinary supplement for pensioners and the reduction in IRS income tax.
Pensioners will receive a one-off bonus payment ranging from 100 to 200 euros in December.
Prime Minister Luís Montenegro will make a statement this Thursday at 8:00 PM from the official residence in São Bento, following a Council of Ministers meeting. The Prime Minister is expected to detail new extraordinary supplements for pensioners earning up to 1,611 euros and tax relief for income tax brackets up to the sixth tier. These measures, estimated to cost 800 million euros, follow previous support for the agricultural and fishing sectors. Montenegro also reaffirmed the government's commitment to maintaining a budget surplus despite rising fuel costs and international economic pressures, while criticizing the ongoing conflict in the Middle East.
The government is lowering income tax while simultaneously distributing extraordinary supplements to pensioners. The combination may make sense, but it carries risks.
Social Security data show that Portuguese people are living longer and longer.
For the third consecutive year, Portuguese pensioners with lower incomes will receive an extraordinary supplement of up to 200 euros. The “bonus” was announced by Prime Minister Luís Montenegro during a parliamentary debate this week and will arrive with the December pension and the Christmas subsidy, as explained by ECO in the video below. In total, ...
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The Minister of Economy acknowledged this Wednesday that the reduction of IRS up to the sixth bracket and the bonus for pensioners announced by the Prime Minister are not enough to cope with the cost of living for the Portuguese, but are “the support that is possible”.
The extraordinary supplement for pensioners will cost approximately 400 million euros.
A bonus for pensioners and another in income tax, with retroactive effect, which will 'fatten' November salaries. Montenegro tried to outmanoeuvre Ventura on the economy, while fuel prices and mortgage payments continue to rise.
The government is set to provide an additional payment to pensioners again; learn the details of the implementation.
The reduction in IRS income tax announced by Luís Montenegro will take effect with the payment of November's salary. The withholding tax table to be applied that month will reflect the reduction applied to the entire year.
The Minister of Parliamentary Affairs guarantees that the announcement of new measures for pensioners and taxpayers did not take into account the vote on the motion of no confidence.
CNN Portugal commentator Miguel Pinheiro states that the reduction in income tax and the bonus announced for pensioners “surely makes people happy,” but these are measures that make it quite “evident” that the Government “does not want to talk about Luís Neves.”
APRe considers the extraordinary supplement that the Government will pay in December to pensioners with pensions up to 1,611 euros to be insufficient and advocates for permanent support.
The warning has been issued. Chega promised to move forward next week with a proposal to lower VAT on fuel, but the Minister of Finance considers the cost of the measure unsustainable given the additional IRS cut and the extraordinary 'bonus' for pensioners announced this Tuesday by the Government, in addition to being contrary...
Luís Montenegro guarantees that the Government is not profiting from the crisis. The measures will be approved on Thursday during the next Council of Ministers meeting.
After all, pensioners will indeed receive an extraordinary supplement in 2026, similar to what happened in the last two years. During the parliamentary debate on the motion of no confidence presented by Chega, the Prime Minister announced that the 'bonus' will be paid to retirees with lower incomes together with their December pension. 'Increasing the incomes of...'
A question regarding when Prime Minister Luís Montenegro will address the concerns of pensioners.
Miranda Sarmento did not rule out the possibility of a new cheque for pensioners. However, he knows well that it will only be possible by a miracle.
The solidarity supplement for the elderly (CSI) reached almost 240,000 beneficiaries in the third month of the year, according to the statistical bulletin published by the Strategy and Planning Office (GEP) of the Ministry of Labour. The average payment was around 217 euros, which corresponds to an increase of 7.1% compared to what it had been previously.
The Minister of Finance admitted today that the Government may lower income tax by a greater margin than provided for in the AD's electoral programme, but did not guarantee that an extraordinary supplement will be paid to pensioners again this year.
Finance Minister Joaquim Miranda Sarmento acknowledges that it will be 'harder to implement' further IRS tax cuts and a new bonus for pensioners between 100 and 200 euros in 2026. He stated, 'We have always been very transparent that 2026 would be the most demanding budget year of the legislative term, and we have always said that...'
The Lawyers and Solicitors' Pension Fund (CPAS) announced it will award a new extraordinary grant to pensioners later this year, as part of a broader package of social support measures. In his inauguration speech, Victor Alves Coelho, re-elected in November as president of the CPAS Board, emphasised the ambition of ...
