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Is it worth working more?

A raise, overtime, a second job or freelance income: see how much you keep after IRS and Social Security. In IRS and Social Security, moving up a bracket doesn’t make you earn less; income-based benefits are not included.
  • Credit intermediary and insurance agent registered with BdP and ASF
  • Calculations based on the current IRS rules
  • Intermediation service at no cost to you

The bracket only applies to the part that exceeds it

No spouse or dependants, Mainland, 2026
Out of every €100 of raise, you keep
  • €950 → €1,030€44
  • €1,500 → €1,700€66
  • €3,000 → €3,300€58
Close to the minimum wage, the minimum existence allowance gradually shrinks and each extra euro is worth less. It’s not the bracket: it’s a benefit that is slowly phased out.

Two questions to know how much of the raise you keep

€/month

We’ll assume €1,500 gross per month.
€/month

We’ll assume an extra €200 per month, before deductions.
We’ll assume you don’t have a spouse or children and that you live in Mainland Portugal. You can change everything under “In detail”.

How we calculate

We show how much of the extra money really stays with you, and what each extra hour is worth.

  1. How much more you earn

    A raise, overtime, a second job or self-employment (recibos verdes). For overtime we apply the premiums set by law.Legal rule · Código do Trabalho, art.º 268.º; Your data

  2. What goes in taxes

    The extra pays Social Security and IRS at your highest rate, not the average. For overtime, the monthly withholding is lower, but the balance is settled in the tax return.Legal rule · CIRS, art.º 68.º e 99.º-C, n.º 10

  3. What you keep per hour

    We divide the extra net income by the extra hours and compare it with what you earn per hour today.Your data

Illustrative cases

Illustration of Sónia
Illustrative example

In IRS, moving up a bracket doesn’t take money away. The minimum existence can, sometimes.

Sónia almost turned down a raise for fear of the tax bracket.She is 27 years old, works as a shop assistant and lives in Maia. She earns €950 gross and was offered €1,030. A colleague told her she would move up a bracket and end up earning the same.
  • Maia
  • 27 years old
  • Shop assistant
  • €950 → €1,030
She would still be in the 1th bracket. What changed was the minimum existence allowance: it went from €5,201 to €2,289. So out of each 100 € she kept €44, and not the €89 she would keep with only Social Security contributions.
AmountBeforeWith the raise
Net per month€832€867
IRS per year€189€693
Minimum existence allowance€5,201€2,289
“So in the end it wasn’t the bracket. It was the minimum existence allowance slowly disappearing.” — Sónia

Out of every €100 of raise €44

Extra per year, net€493

Extra per year, net€493about €35 more per month, on average
Out of every €100 of raise€44she keeps this, and her net income goes up
Leaves the band with€1,140gross per month, the number for the next review
Illustrative case: character, amounts and conditions are fictitious and only serve to show how the simulator works, using the IRS rules for 2026, individual taxation, no dependants and no other income. This is not tax advice.
Illustration of Vasco
Illustrative example

Two jobs, two withholdings, one single IRS bill

Vasco got a second job. The surprise came with his IRS.He is 41 years old, works as a maintenance technician and lives in Gondomar. He earns €1,400 gross and started working weekends in a warehouse, for €500. Every month he saw more money in his account.
  • Gondomar
  • 41 years old
  • Maintenance technician
  • €1,400 + €500
  • Two contracts
In the following year’s tax return, instead of a refund, he had €1,562 of IRS to pay. Added together, the two salaries owe €3,579 of IRS. As each employer only withheld on its own salary, the difference was missing.
IRS for the yearAmount
Withholding on job 1€2,017
Withholding on job 2€0
Total withheld€2,017
IRS due with both added together€3,579
To pay in the final settlement€1,562
“Each boss withheld as if they were the only one. The State added the two together.” — Vasco

Out of every €100 from the 2nd job €66

Extra per year, net€4,625

Extra per year, net€4,625already after the IRS to pay in the tax return
Out of every €100 from the 2nd job€66he keeps this
Set aside per month€130for the IRS settlement
Illustrative case: character, amounts and conditions are fictitious and only serve to show how the simulator works, using the IRS rules and withholding tables for 2026, individual taxation, no dependants. This is not tax advice.
*Illustrative, non-binding example, with fictional characters and values that do not correspond to the offer of any credit institution. This does not constitute a credit offer and does not replace an assessment of each client’s personal and financial situation, nor the approval of the lending credit institution. TAN, TAEG and MTIC values are presented under the terms of Decree-Law no. 133/2009 and Banco de Portugal Notice no. 5/2024; the actual values are set out in the Standard European Consumer Credit Information provided by the lending credit institution. CrediSegur (CRRF – Brokerage, Lda.) — tied credit intermediary registered with Banco de Portugal under no. 0001290.

Myths

  • Depends“Overtime pays more IRS.”Every month the withholding is lower. In the annual IRS, overtime is added to the rest and taxed at your highest rate.What to do: keep part of the extra amount for the settlement in the tax return.Source: CIRS, art.º 68.º e 99.º-C, n.º 10.
  • Myth“A second job doesn’t pay off because of IRS.”IRS never takes all the extra income: part of it always stays with you.What to do: see the net value per hour in the simulator and decide whether it is worth your time.Source: CIRS, art.º 68.º.
  • Depends“Switching to recibos verdes means paying less tax.”You may pay less IRS, but you lose the holiday and Christmas allowances, you pay Social Security on your own account and you have less unemployment protection.What to do: compare the annual net income of both scenarios, not the monthly one.Source: CIRS, art.º 31.º; Código Contributivo, art.º 162.º a 168.º.

The next step

You already have this answer. Keep going — each tool prepares the next decision.

Got a raise?

A CrediSegur manager will walk you through the PPR in the form of insurance and the corresponding IRS deduction, income protection insurance and Mortgage. For your specific tax situation, speak with a certified accountant or the Tax Authority. You’ll be contacted within 72 working hours, or call +351 239 161 313 now.

Frequently asked questions

For IRS and Social Security, no. IRS is progressive: each rate only applies to the part of your income within that bracket. If the raise puts you in the next bracket, only the euros above the limit pay the higher rate. Benefits that depend on income are not included: see the question about benefits.
Close to the minimum wage, the minimum existence allowance (art. 70 of the CIRS) decreases with every extra euro. Between €12,880 and €15,910 of gross annual income, part of each raise goes to restoring that allowance. At around €1,140 gross per month you already leave that band.
They don’t pay less tax: they are taxed like your salary. What’s lower is the withholding at source, around 50% of the monthly rate, and the difference shows up in the annual settlement. By law, each overtime hour is worth more: 25% in the 1st hour and 37.50% in the following ones on a workday, 50% on a rest day, higher from the 101th hour of the year onwards.
Each employer withholds as if their salary were your only income. In the tax return, the two are added together and the rate goes up for the top part, so the withholding falls short. The second job is still worth it, but it’s wise to set some money aside or ask for a higher withholding rate.
Not always. Many hours in a row are tiring and your output per hour drops. That’s why the law limits overtime: 175 hours per year in micro and small companies and 150 in medium and large ones.
Know your real net income before you answer: use the full salary calculation to see the amount month by month. Compare the raise with forms of compensation that have their own tax treatment, such as the meal allowance within the exempt limit or health insurance for the whole team.
Official data verified on 10/20/2026 · Sources: Diário da República, Autoridade Tributária, Segurança Social, Assembleia da República, JORAM (Madeira) · see sources
Important note: Informative simulation, based on the annual IRS assessment for 2026 (Mainland, brackets of art. 68, minimum existence allowance of art. 70, specific deduction, general family expenses and dependants) and on the 11% Social Security contribution. It does not consider other deductions, other income, or social benefits that depend on income. Withholding at source is estimated; the amount withheld depends on each entity’s tables. For recibos verdes, it assumes the simplified regime, withholding of 23% above €15,000 and the Social Security rules when combined with employment. This is not tax advice. CRRF – BROKERAGE, LDA (CrediSegur) is a tied Credit Intermediary registered with Banco de Portugal (no. 0001290) and an Insurance Mediator registered with the ASF (no. 421571530).Sources (in Portuguese) — IRS: Art.º 68.º do CIRS, Lei n.º 73-A/2025 (OE 2026); art.º 68.º-A (solidariedade); art.º 70.º (mínimo de existência) · Overtime: Código do Trabalho, art.º 268.º (acréscimos) e art.º 228.º (limites anuais); CIRS, art.º 99.º-C, n.º 8, e Despacho n.º 233-A/2026, n.º 5 f) (retenção) · Self-employment income: CIRS (art.º 31.º, 101.º e 101.º-B), CIVA (art.º 53.º) e Código Contributivo (art.º 162.º a 168.º) · Parameters updated on October 2, 2026.