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Exceptional regime for redeeming PPRs, PPEs and PPR/Es without penalty - until 31 December 2024 December 2024

Law no. 19/2022, of 21 October, establishes an exceptional regime for the redemption of plans (PPR), education savings plans (PPE) and education savings plans (PPR/E). plans (PPR/E) . In accordance with the provisions of Article 6(1) of the aforementioned Law, and without prejudice to the provisions of Law, and without prejudice to the provisions of paragraphs 1 to 4 of article 4 of Decree-Law no. 158/2002, of 2 July, participants in PPRs, PPEs and PPR/Es may, until 31 December 2024, request reimbursement. December 2024, request reimbursement of their value, without penalty, up to the monthly limit of the monthly limit of the IAS (Social Support Index), as long as they relate to amounts subscribed until 30 September 2022.
In 2024, the amount to be redeemed (value of the of the participation unit on the date of the redemption request) can be up to a monthly limit of of 509.26€ (the Social Support Index for 2024).
In 2024, the amount to be redeemed (value of the of the participation unit on the date of the redemption request) can be up to a monthly limit of of 509.26€ (the Social Support Index for 2024).
In accordance with the provisions of Article 6(2) and (3) of the aforementioned Law, during the year 2024 is also permitted:
(i) the partial or total mobilisation of the balance in savings plans for the payment of instalments of credit agreements guaranteed by a mortgage on a property intended for the participant's own permanent residence of the participant, as well as instalments of credit for the construction or improvement of property for own permanent residence, and transfers to housing co-operatives for permanent housing solutions, They are exempt from the minimum 5-year permanence requirement for mobilisation without penalty, as long as they respect the as long as they relate to amounts subscribed up to 31 December 2022;
(ii) Partial or total mobilisation of the balance in savings plans, up to an annual limit of of 24 IAS [€12,222.24], for the purposes of early repayment of credit agreements guaranteed by a mortgage on property intended for the participant's own permanent home, credit agreements for construction or permanent residence, credit agreements for the construction or improvement of property for permanent residence and contracts with housing co-operatives for permanent housing solutions, provided they relate to amounts subscribed up to 27 June 2023. 27 June 2023.

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