A special and temporary regime for redemption/refund without penalties is in force until 31/12/2024 for Retirement and Education Savings Plans (RSP and RSP/E), as provided for in Article 6 of Law No. 19/2022, in its current wording, amended by Article No. 313 of Law 82/2023 of December 29. This regime allows for the monthly refund of part of the value of Retirement and Education Savings Plans (RSP and RSP/E), up to the limit of €509.26 (IAS – Social Support Index – value for the year 2024), provided they relate to amounts subscribed until September 30, 2022. Additionally, during the year 2024, the partial or total redemption of the savings plan value is allowed for the payment of installments or for early repayment – in the latter case up to the annual limit of 24 IAS (€12,222.24 in 2024) – of credits secured by a mortgage on property intended for own and permanent housing, as well as credits for the construction or improvement of properties for own and permanent housing, and contributions to housing cooperatives in permanent own housing solutions, being exempt from the obligation of a minimum 5-year commitment for mobilization without the penalty provided for in the Tax Benefits Statute (Article 21, No. 4). The amount of early repayment under this exceptional regime is exempt from redemption fees. This information does not replace the reading of: Law No. 19/2022 of October 21.
For more information, please consult your account manager, visit www.bisonbank.com, or contact us at the email address info@bisonbank.com.
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