The exemption introduced by the Polish regime in 2022 guarantees the elderly not only a higher salary. Learn about all the benefits that may come with working after you reach retirement age.
They exist Three main conditions ensure that seniors benefit from relief. that it:
- reaching retirement age,
- remaining working,
- There is no fixed right to retirement or survivor’s pension.
Relief can be used in two ways. Seniors can count on a higher salary throughout the year or a tax refund after the end of the tax year – The exemption may be included in the tax return.
However, there are some limitations you should remember. PIT-0 does not include income exceeding PLN 85,528.
g Tax exemption Seniors whose source of income is:
- full time job,
- Business Management,
- authorization contract,
- Maternity entitlement.
If a senior wants to take advantage of the tax break, they should Submit the appropriate application to your employer. This is important for people who want to receive a higher salary during the year.
It is worth reporting the tax exemption in the annual return. Working seniors can do this traditionally, using a paper template or in your e-PIT service, which can be found on the website Tax.gov.pl.
Returns provided on the site It is based on data from the PIT-11, which is provided by the employer. It is he who determines the income exempted under the tax exemption. However, if the exemption only applies to part of the year or the exemption applies to a different dimension, sIt is the taxpayer’s responsibility to verify and update the data accordingly.
The important thing is that older people don’t just have more income. Working after retirement age also means Higher benefit after deciding to take a break.
Professional activity after reaching retirement age may increase the retirement benefits received for the rest of life by up to 20%. On an annual basis. As the head of the insurance company explained. One year of work after reaching retirement age may amount to 10-20%. A higher amount of future pension. This is due to the increased number of subscriptions, indexation of benefits, and assumed life expectancy.
20 percent annual interest is a lot. If we look at the average pension amount paid by ZUS, which is PLN 3,455, 20 percent amounts to approximately PLN 700. Senior average This is how much he will be able to increase his future interest amount.
It is worth remembering that The higher the pension amount, the easier it is to increase it during the year. Regardless, working after reaching retirement age can significantly improve the situation of the elderly in the future.
See also:
ZUS sent letters to 8 million Poles with the amount deducted inside. You can’t lose him
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