Prime Minister Luís Montenegro announced this Tuesday, October 8, in Parliament, during the debate on the motion of censure presented by Chega, the granting of an extraordinary supplement to pensioners with pensions up to approximately 1,611 euros monthly and a new IRS reduction that will cover taxpayers up to the sixth bracket.
The support for pensioners will be paid in a single installment in December, together with that month's pension, and is expected to reach approximately two million beneficiaries at an estimated cost of 400 million euros. The specific amounts of the supplement by pension level have not yet been detailed.
The IRS reduction should represent a cost of 400 million euros and benefit approximately two million households. In 2026, the sixth bracket corresponds to taxable income between 29,397 and 43,090 euros, with a standard rate of 34.9%.
The two measures, at a global financial effort of approximately 800 million euros, will be approved at the Council of Ministers meeting on Thursday. The announcement represents an evolution from Montenegro's position in August, when he had linked these supports to the existence of margin in public accounts, now justifying the advancement of measures with the state of public accounts and the country's economic performance.
