Latest news and stories about pensions in finance in Portugal for expats and residents.
The former Governor of the Bank of Portugal and former Minister of Finance will leave the institution through the retirement scheme and under the pension fund, following an agreement between both parties.
Ventura accuses Centeno of having obtained “scandalous benefits” by retiring at 59 and speaks of a “hidden agreement”. The party has submitted a request for Álvaro Santos Pereira to clarify the case in parliament.
Nuno Melo considers that the current pension allocation regime is the result of “decisions from another time”
Six associations representing members of the Armed Forces and the GNR have requested meetings today with the President of the Republic and the Prime Minister regarding cuts to the calculation of retirement pensions, deeming an urgent reversal of the current regime necessary.
Six associations representing members of the Armed Forces and the GNR have requested meetings today with the President of the Republic and the Prime Minister regarding cuts to the calculation of retirement pensions, deeming an urgent reversal of the current regime necessary.
MEP João Oliveira asks the European Commission what impact studies it has conducted and what guarantees it plans to implement to protect workers and pensioners from high-risk private funds.
The process of allocating pensions that combine contributions from Social Security and the Caixa Geral de Aposentações (CGA) is currently complex and takes an average of seven months. The president of the Social Security Information Institute has indicated that improvements are expected by the end of June.
Adriano Moreira also highlighted that “thousands of workers” already have supplementary retirement plans established in collective agreements.
Victor Alves Coelho adds that this year pension beneficiaries are expected to receive an extraordinary subsidy again, but warns that a pension update is not possible.
February pensions will feature adjustments for withholding taxes and refunds for any excess income tax that has been charged, providing relief to pensioners.
Social Security recorded a surplus of €6,732.3 million in 2025, above the €5,536.3 million registered in the previous year, according to the budget execution summary published today by the Budgetary Entity.
According to the analysis, in 2024, 38% of new pensioners retired before the statutory retirement age, 32% did so at that age, and 31% chose to defer retirement.
The average age at which Portuguese people retire increased by 8.5 months between 2018 and 2024, even with the stabilisation of the legal age for pension access, according to data analysed by economists at the Bank of Portugal (BdP). According to the analysis of Social Security microdata for 2024 carried out by the bank's economists ...
European Commissioner Maria Luís Albuquerque used the stage at the conference marking the 15th anniversary of the European Insurance and Occupational Pensions Authority (EIOPA) to delineate the balance between financial stability and the need for economic growth in the European Union. “I am convinced that, within these limits, there is room for taking ...”
Both the 2024 tax reforms and the latest round will prove painful over time. The freeze on income tax allowances acts as a stealth tax, quietly increasing your liability over The post UK tax reforms – the slow and stealthy pain appeared first on Portugal Resident.
Some announcements deserve champagne. Others warrant only a polite smile. The Minister of Labour announced a few days ago, with pomp and circumstance, another record transfer of €5.5 billion to the Social Security Financial Stabilisation Fund (FEFSS) — “the largest amount ever”, she stressed — as if we were faced with a ...
Net income on retirement can fall by up to 23%, with higher earners suffering the largest cuts and lower earners seeing monthly budgets drop by about 13%. The shortfall reflects pension replacement rates, changes in social security entitlements and rising cost-of-living pressures, including distinct impacts for expatriates; households should review retirement income projections, savings and benefit claims to manage the gap.
Minister says “it is the largest amount ever” and that it will “strengthen the protection of all pensions”
The Government announced a transfer of €5.5 billion to the Social Security Financial Stabilisation Fund (FEFSS).
The discussion about the future of pensions in Portugal has ceased to be an academic exercise and has become a legal, social and political urgency. The starting point is simple: the regulatory framework that structures the public pension system was designed for a country with a demographic pyramid that no longer exists. Today, the ...
Pensioners can expect more take-home income from this month due to regular adjustments and the new IRS withholding tables. Simulations carried out by EY for ECO show that, for example, someone who was receiving a pension of €1,000 gross in 2025 will start to receive, in net terms, an additional €27 ...
The admiral had criticised the Socialist Party (PS) candidate, recalling the pension cuts during the 'troika' period.
The “Eurobarometer 2025: consumer trends in insurance and pension services”, by the European Insurance and Occupational Pensions Authority (EIOPA), reveals that the majority of Portuguese are not financially prepared for retirement: low take-up of private pensions and low confidence in a comfortable life in retirement point to a worrying future. In the survey on trends ...
Gouveia e Melo assures he will never allow pensions to be cut as António José Seguro did at the time of the Troika.