Law no. 19/2022, of 21 October was published, setting forth an exceptional regime regarding the redemption of retirement savings plans (PPR), education plans (PPE) and retirement/education plans (PPR/E), allowing the capital invested in these products to be redeemed without tax penalties, up to a monthly limit of the Social Support Index (IAS), which currently corresponds to € 443.20.
This exceptional regime is in force from 1 October 2022 to 31 December 2023, being the entities authorised to distribute these products required to disclose this information on their websites in a visible manner, as well as on the statements provided to their clients.
The exceptional regime for the redemption of savings plans, set out in Law 19/2022, is available here.
