What social supports strengthened in 2024?

Need more immediate options for relief in monthly insurance or credit installments? Find out that, for free, insurance brokers and credit intermediaries from Poupança no Minuto can discover the most suitable savings solution for you... contact us now or read about the social support available next.

Government lists social support programs strengthened this year.

According to a post on the social network Instagram, the Government highlights which social supports are now strengthened in 2024, considering that this year the "trajectory of reinforcing social supports for the most vulnerable" will be maintained.  

Highlighted are the social supports for the most vulnerable families, from pensions to family allowance.  

"In 2024, we maintain the trajectory of strengthening support for the most vulnerable. Whether in pensions or in support for childhood," reads the publication shared by the Executive.

Afterwards, the Government explains the reinforcement of the following social supports:  

• Pensions will be increased by 5% to 6%, which is above inflation;
• The supplementary solidarity allowance for the elderly will increase by 12.8%, which means that pensioners will see their income above the poverty threshold. income
• The reference value of the Child Guarantee - family allowance supplement - increases to 122 euros per month;  
• Finally, the family allowance will increase by 22 euros per month, and by 33 euros per month for a single-parent family.

No entitlement to any support? Review other expenses for relief in the budget.

Do you not qualify for any of these social supports? Consider reviewing other expenses, such as loan contracts and/or insurance to ease your budget.

So, in case you have these contracts and you are paying higher installments than you wish, go to the contracting entities and ask to review the contract conditions. Pay installments.

The most likely scenario is that institutions will offer you the hiring of other products associated with the contracts, so that they can lower the installments.

If this is not an ideal option, you can also consider transferring contracts to new institutions. In other words, if you have a life insurance, for example, you can transfer it to a new insurer - if it is associated with housing credit, know that you can legally do it and it can bring you significant savings.  

And the mortgage itself, you can also transfer it to another creditor in order to save monthly. Especially in the case of having a variable rate indexed to Euribor, this may be the ideal time to transfer, switching to a mixed or fixed rate. You can find rate values, probably, half of the value you have now.

Contact the credit intermediaries and insurance mediators of Poupança no Minuto to learn more about these solutions! Or first use our Credit Transfer Simulator to immediately understand which option is most advantageous for you.