Social Security in Portugal might be new to you and you may not understand how it works. But understanding your responsibilities and the benefits you could be eligible for can save you money and prevent hassle later on down the line. This guide to Portugal’s social security system will give you all of the information you need to make sure your contributions are paid on time. As well as ensuring you are getting all of the protections you deserve from social security in Portugal.
What is Social Security in Portugal?
There are two main Portuguese social security taxes that you’ll need to be aware of. The General Social Contribution (CSG) and the General Health Contribution (IEC). The CSG is a contribution on wages paid by employees, employers, and self-employed workers.
The CSG is only paid from the first €250 of income per month and ranges from 5% for those earning up to €750 per month. 15% for those earning between €751 and €1,500 per month. Then, 20% for those earning between €1,501 and €3,000 per month. Finally, 25% for those earning between €3,001 and €5,000 per month. There is no CSG charge on earnings over €5,000 per month.
What is Portugal’s minimum wage?
At the time this article was written, the minimum wage in Portugal is €830 per month. Which works out at £741 or $800.
The minimum wage applies to all employees over 18, as well as apprentices and trainees. Each year on 1 January, it’s reviewed by a committee made up of unions, business leaders and government representatives.
If you want to know more about if you’re eligible for social security in Portugal why not read Expatica’s blog on ‘Social security in Portugal’
Maternity leave in Portugal?
Maternity leave is paid by the state, but it depends on your employment situation. If you are a salaried worker, you will receive 100% of your salary for 14 weeks.
If you are self-employed or unemployed and pregnant, you will receive 70% of your salary for the same amount of time. In addition to maternity leave, there are also other benefits that may be available including paternity leave.
Finding a Law Specialist
If you need legal advice or assistance, be sure to contact the experts at RHJ Law. We’re able to guide you through what you need to know before moving to Portugal.
Our legal team at RHJ Law assists non-EEA nationals to obtain residency in Portugal. Our English speaking team of lawyers, accountants and more specialise in helping entrepreneurs and families to set up, manage and grow their life in Europe.
Working with our trusted partners; we can advise you on where to settle and how to go about purchasing property in Portugal.
We look forward to hearing from you soon!
