Taxes, housing and tuition fees: 2027 budget measures impact family budgets in Portugal
From taxes and wages to pensions, housing and tuition fees, the 2027 State Budget contains several measures that will directly affect household incomes.
The draft 2027 State Budget for Portugal outlines several measures that will impact family budgets, particularly in the areas of taxes, housing, and tuition fees. One of the key changes is an update of the Income Tax (IRS) brackets, which will result in higher tax-free income limits for most taxpayers. This means that individuals and couples will have a larger portion of their earnings that are not subject to taxation.
In addition, the national minimum wage is set to increase to 970 euros per month, providing a monthly raise of 50 euros for those currently earning the minimum wage. This wage boost is in line with previous wage enhancement agreements and will directly benefit millions of Portuguese workers.
For those pursuing higher education, tuition fees are expected to rise again starting from the next academic year. This change in policy may affect families with children who are planning to attend university in the coming years.
The budget also touches on the topic of housing, proposing a benefit for landlords and an exemption from the Municipal Property Tax (IMT) for young people. These measures could indirectly influence the housing market and the costs associated with renting or buying a property in Portugal.
Lastly, the budget outlines plans for increased spending on child benefit, which is expected to rise by 59.5 million euros in 2027. This increase will be driven by inflation adjustments and a projected rise in the number of beneficiaries.
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