Are Portugal’s Pension Savings Plans Failing Against Rising Costs?
A recent episode of the Contas-Poupança podcast has examined the real performance of Pension Savings Plans (PSPs) in Portugal. The discussion, led by financial journalist Pedro Andersson, reveals that many savers may be losing money despite tax incentives. The findings come from an analysis published in the article Is Your Pension Savings Plan (PSP) Making a Profit or a Loss? Here’s How to Check.
The podcast breaks down key figures from over 7,000 transferred PSPs in the last four years. On average, these plans delivered an annual return of just 1.58%—well below the inflation calculator. Worse still, 22% of the analysed PSPs were operating at a loss when transferred.
The episode provides a toolkit for savers to scrutinise their PSPs before committing further funds. With 22% of transferred plans in the red and average returns lagging behind the inflation calculator, the data suggests a need for greater scrutiny. Those weighing a last-minute subscription now have concrete metrics to guide their decision.
