2022-10-12
Does Portugal Have a Social Security Agreement with the Uk
As the world becomes increasingly interconnected, it is important to understand the social security agreements that exist between countries. For those living or working between Portugal and the United Kingdom, one often asked question is, “Does Portugal have a social security agreement with the UK?" The answer is yes, and in this article, we`ll explore the details.
First, let`s define what a social security agreement is. These agreements, also known as Totalization Agreements, are created to prevent double taxation and to protect social security benefits for individuals who work and/or live in two countries. Essentially, they ensure that workers pay into only one country`s social security system at a time and that they receive benefits from that same system.
The Social Security Agreement between Portugal and the UK was signed in 1980 and came into effect in 1981. The agreement outlines how social security benefits are covered for individuals who move between the two countries. Specifically, it covers retirement, disability, and survivor benefits, as well as medical care, and maternity benefits. The agreement also covers the periods of insurance and work completed in both countries to calculate the length of necessary contributions.
So, what does this mean for those living or working between Portugal and the UK? Essentially, it means that they will only have to pay social security taxes in one country at a time. For example, if a UK citizen works in Portugal, they would pay social security taxes in Portugal, and not in the UK. Conversely, if a Portuguese citizen works in the UK, they would pay social security taxes in the UK.
Another benefit of the agreement is that it ensures that individuals who have worked in both countries can claim social security benefits regardless of which country they currently reside in. For example, a UK citizen who has worked in Portugal can still claim their UK state pension, even if they are living in Portugal. And, a Portuguese citizen who has worked in the UK can claim Portuguese social security benefits, even if they are residing in the UK.
In conclusion, Portugal and the UK do have a social security agreement in place. This agreement covers retirement, disability, survivor, medical care, and maternity benefits, as well as how contributions are calculated for individuals who have worked or lived in both countries. The agreement provides many benefits for those living or working between the two countries, including avoiding double taxation and protecting social security benefits. If you are considering working or living between Portugal and the UK, it is important to understand the details of this agreement to ensure that you are properly covered.