Vol. III · No. 47 · Q1 2026 EditionUpdated Weekly · ECB FX

WorthOf

A global ledger of salary, tax & the price of living

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Portuguese workers keep more of their salary than Germans, new analysis of 2026 tax data shows

A €60,000 gross salary nets €40,500 in Portugal but only €36,800 in Germany — the counterintuitive finding from a new study comparing take-home pay across 50 European countries.

By Alex Gruden · WorthOf Research · Published June 1, 2026

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For Immediate Release

LJUBLJANA / LISBON / June 1, 2026 — Portuguese workers earning a typical professional salary now keep more of their gross pay than their German counterparts, according to a new analysis of 2026 tax brackets and social security contributions published today by WorthOf (worthof.io), an independent open-data platform tracking salary, tax and cost of living data across 50 countries.

The finding, drawn from official 2026 tax legislation in both countries, runs counter to the persistent assumption that Northern European economies offer higher take-home pay than their Southern counterparts. On a €60,000 annual gross salary — close to the German median for skilled professionals — a single Portuguese resident takes home €40,500 net per year, compared to €36,800 in Germany. The €3,700 annual difference (roughly 10% of net pay) is driven almost entirely by social security contributions, not income tax.

"Most people assume Germany offers higher take-home pay because German gross salaries are higher in absolute terms. But once you account for social security, that advantage shrinks faster than people realise. Germans pay 20.65% of their gross salary in social charges — pension, health, long-term care, and unemployment insurance — before income tax even applies. Portuguese workers pay 11%."
— Alex Gruden, WorthOf 2026 European Salary Report

The Numbers

Gross €60,000 annual · Single filer · No dependants

GermanyPortugal
Gross annual€60,000€60,000
Social security (employee)€12,390 (20.65%)€6,600 (11%)
Income tax€10,810€12,900
Net annual€36,800€40,500
Net monthly€3,067€2,893 (over 14 payments)
Effective total deduction rate38.7%32.5%

Sources: WorthOf calculations using 2026 brackets published by Bundeszentralamt für Steuern (Germany) and Autoridade Tributária (Portugal). Calculations assume single filer, no dependants, mainland Portugal, no special tax regimes.

The headline gap widens further at higher salary levels. At €100,000 gross, a German keeps approximately €57,800 net, while a Portuguese resident keeps €59,200 — though the difference begins to narrow above €120,000 as Portugal's top marginal rate (48%) kicks in.

Why this happens — a tale of two social models

The divergence reflects fundamentally different fiscal architectures. Germany operates one of Europe's most comprehensive social insurance systems, with 2026 contribution rates totalling 20.65% on the employee side alone: 9.3% for state pension, 1.3% for unemployment insurance, 7.3% base health insurance plus an average 2.9% supplementary health contribution, and 2.3% for long-term care insurance (3.3% for childless workers over 23).

Portugal's system runs a single 11% employee contribution to Segurança Social. While Portuguese employers contribute a higher rate (23.75% versus Germany's roughly 20.7%), this does not affect the employee's net pay — only the cost to the company.

The OECD's Taxing Wages 2026 report ranks Germany with the second-highest tax wedge in Europe at 46.6% of total labour cost for a single average earner — second only to Belgium at 50.8%. The same report places the United Kingdom at 29.2%, the third lowest of 28 European countries surveyed.

Five findings from the 2026 European Salary Report

§ 01

The mid-tier salary trap

For gross salaries between €40,000 and €80,000, workers in five EU countries — Belgium, Germany, France, Italy, and Austria — retain less than 62% of their gross pay. Workers in Portugal, Spain, Czech Republic, and Bulgaria all retain above 65% in the same range. The pattern reverses above €150,000, where high-bracket countries flatten while Portugal's progressive structure tightens.

§ 02

Belgium is Europe's highest-tax destination

On a €60,000 gross salary, a Belgian single filer takes home approximately €34,700 net — the lowest of any EU member state — after combined federal income tax (up to 50% marginal), municipal surcharges of 6–9%, and 13.07% employee social security contributions. The average tax wedge reaches 50.8% of total labour cost, the highest in Europe per OECD 2025 data.

§ 03

The United Kingdom remains a tax outlier

UK workers earning £60,000 retain approximately £44,200 net after PAYE and 8% National Insurance — an effective deduction rate of 26.3%, materially lower than every comparable Western European country. The structural reason: UK National Insurance is capped at lower thresholds than Continental social security systems, and the UK lacks Germany's separate long-term care insurance and France's CSG/CRDS social charges.

§ 04

Eastern European wages now compete on purchasing power

A Czech worker earning the local equivalent of €30,000 gross has roughly the same disposable purchasing power as a German worker earning €45,000 gross, once Prague's cost-of-living index (45.6) is compared to Berlin's (65.1). Central European cities offer materially higher real living standards per euro than commonly assumed.

§ 05

Portugal's IRS reform has tightened the gap with low-tax neighbours

Portugal's 2026 State Budget reduced marginal rates by 0.3 percentage points in brackets 2 through 5 — covering taxable income roughly between €8,000 and €28,000 — and raised the minimum existence threshold to €12,880. For workers earning between €20,000 and €40,000, effective IRS rates fell by approximately 1.2 percentage points compared to 2025.

Methodology

WorthOf calculates net salary by applying official 2026 income tax brackets sequentially after deducting employee social security contributions at statutory rates. Calculations assume: single filer, no dependants, standard tax class, no special tax regimes, no additional surcharges below applicable thresholds. Salary paid over 14 months for Portugal and Spain (with totals annualised for cross-country comparability). Full methodology: worthof.io/methodology. Raw data: worthof.io/data (CC BY 4.0).

Data Sources

  • Germany: Bundeszentralamt für Steuern; Deutsche Rentenversicherung; GKV-Spitzenverband
  • Portugal: Autoridade Tributária e Aduaneira (OE2026); Segurança Social
  • OECD comparisons: Taxing Wages 2026 (published April 2026)
  • Eurostat: Median gross earnings and minimum wage statistics (January 2026)

Media Contact

Alex Gruden · WorthOf Editorial
press@worthof.io · worthof.io/press

Verify these figures yourself

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Full Report

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