In Portugal, Retirement Savings Plans (PPR) offer two main tax benefits under the IRS: deduction from collection (entry benefit) and reduced taxation on income at the time of redemption (exit benefit).
We provide an updated summary for 2025, as follows:
Dedução à Coleta (Benefício à Entrada)
Dedução de 20 % do valor investido anualmente no PPR, até determinados limites que dependem da idade do sujeito passivo em 1 de janeiro do ano de aplicação:
Até 35 anos: até 400 €, se investir 2 000 €
Entre 35 e 50 anos: até 350 €, com investimento de 1 750 €
Mais de 50 anos: até 300 €, com investimento de 1 500 €
Tax Deduction (Entry Benefit)
Deduction of 20% of the amount invested annually in the PPR, up to certain limits that depend on the taxpayer’s age on January 1 of the year of investment:
Up to 35 years old: up to €400, if investing €2,000
Between 35 and 50 years old: up to €350, with an investment of €1,750
Over 50 years old: up to €300, with an investment of €1,500
These deductions are pre-filled in IRS Annex H and must be confirmed by the taxpayer.
