PPRs, or Planos Poupança Reforma, are retirement plans specific to Portugal. You can invest in them as long as you have a personal fiscal identity in Portugal (called a NIF) or, in other words, as long as you have residency in Portugal.
We can see PPRs as wrappers for financial assets. Investors could buy those assets directly, or decide to buy a PPR that holds them. In both cases, investors are putting their money in the assets themselves, but in ways that differ in tax treatment and costs.
This article is not intended to explain PPRs’ intricacies — that’s already well covered in other online resources. Instead, it serves to point people to resources I’m building to be able to assess if and when a PPR is worth investing in. For now, those resources are:
- A Python package, called PyPPR, that offers a collection of financial functions regarding PPRs. The documentation for it is available at https://goncalovf.github.io/pyppr/
- A study on the viability of a PPR inspired in the investment approach often associated with John C. Bogle: diversified, passively-managed, low-cost investing. The study is available at https://github.com/goncalovf/ppr-market-research/
I’ll continue to improve these resources and possibly add new ones to the list.