Tiago Petinga / Lusa
Presidency Minister António Leitão Amaro
The government has confirmed that it is pondering to end the accumulation of the wage prize and young IRS, forcing the beneficiaries to choose. The PS has already asked for a hearing from the Youth Minister.
Presidential Minister António Leitão Amaro confirmed on Thursday that the government is evaluating the End of salary prize accumulation with IRS Young. The measure, if it advances, may significantly reduce financial benefits for some qualified young people, who will have to choose between receiving the return of tuition fees or young IRS, refers to.
Currently, a young man with a degree and master’s degree who earns a gross salary of 1000 euros per month can receive up to 5091 euros through the salary award, as well as a fiscal savings of about 3700 euros with IRS Young, totaling 8800 euros on supports. With the change, this same young man would have to choose Between the reimbursement of the tuition fees (5091 euros) or the tax benefits of IRS Young, which represent a savings of about 7200 euros over ten years.
The government’s decision was the subject of the biweekly debate in Parliament, where PS secretary general, Pedro Nuno Santos, accused Prime Minister Luís Montenegro of intend to eliminate the salary prize for those who already benefit from young IRS.
As Montenegro had already exhausted the regimental time, the question was unanswered. The next day, in Council of Ministers, António Leitão Amaro confirmed the possibility of change, arguing that the new young IRS is “much more advantageousAnd that the previous mechanisms were “little” compared.
The opposition reacted rapidly, with the Socialist Party to request the Parliamentary Hearing of the Minister of Youth, Margarida Balseiro Lopes, to clarify the impact of the measure.
While the government maintains that young people will benefit from the reformulation of young IRS, critics warn loss of support which were previously accumulative, leaving many newcomers at a disadvantage.
