It’s a small action you can take before December 31 that may put money back in your pocket next year. And for expats who pay IRS in Portugal, it’s one of the smartest year-end moves you can make.
Most people don’t even realise it exists.
The legal, zero-risk way to pay less IRS
Portugal rewards individuals who build long-term savings by giving back 20% of what they invest, up to a limit based on age:
- Up to €400 if you’re under 35
- Up to €350 from 35 to 50
- Up to €300 if you’re over 50
And here’s the part many expats don’t know:
Any contribution you make before December 31 counts toward next year’s IRS declaration, meaning you get the benefit almost immediately.
This mechanism works through a financial product called a PPR – Plano Poupança Reforma. It’s essentially a long-term savings plan with tax benefits, capital security, and flexible access rules.
And no, it’s not just for retirement.
Why the Allianz PPR Ativo Stands Out
At C1 Broker, we help thousands of expats navigate Portugal’s insurance and financial landscape. One product consistently earns our strongest confidence: the Allianz PPR Ativo. Here’s why:
Guaranteed capital and predictable growth
Your savings are protected, and the Allianz PPR Ativo guarantees a yearly interest rate that is never negative. In uncertain markets, this peace of mind is invaluable.
Flexible contributions
You can start with €25 per month, make a €250 one-off contribution, or add extra savings whenever you prefer. No complicated commitments.
Access when life demands it
Contrary to myths, your money isn’t locked away until old age. Portuguese law allows penalty-free withdrawals for:
- Buying your primary home
- Long-term unemployment
- Serious illness or disability
- Reaching 60 years of age
- Retirement
- Death (benefits paid to heirs)
This makes the plan both a savings tool and a financial safety net, especially useful for expats navigating changes in employment, housing or family life.
Real benefits, real people
Every year we see expats surprised by how much they can recover on their IRS.
Many tell us: “I wish I had known about this sooner.”
The advantage isn’t loud or flashy. It’s quiet, consistent and dependable – exactly the kind of strategy that builds long-term stability.
Your window of opportunity is now
If you’re living in Portugal and paying IRS, the smartest time to start your PPR is before the year ends. Waiting means losing a full year of tax benefits.
Contact C1 Broker. Let’s make your PPR now: info@c1broker.pt
Smart savings, real benefits, and a future you can trust.
By Susana Wichels, CEO of C1 Broker
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