February 4, 2023


Complete Canadian News World

Pensions will be higher from July 2022. How much will recipients earn from the 17% to 12% income reduction?  Will this make up for the 10%?  Economic inflation?

There will be no second indexation of pensions. Pensions increased from July 1 after the income tax was reduced to 12%. We calculate how much pensioners will earn: April 7, 2022

Inflation, already at 10 percent in March, means that the pension index this year (7 percent) will not be able to compensate pensioners and other beneficiaries – restricted in the same way – from ZUS for the increase in the cost of living. The faster the costs of food, medicine, and housing increase.

After paying the 13th pension in April, seniors can only count on the 14th pension and the effects of the tax cut from July this year. Will these advantages compensate for double-digit inflation?

Certainly part of this difference between inflation and the March index will be offset by the thirteenth pension – which is currently being paid, and the fourteenth pension, announced by the government in end of summer or early September.
However, while confirming the 14th pension at the beginning of April, Minister Marlena Mallig also ruled out the possibility of conducting a second autumn pension index this year.

Retirement budgets—like all people who pay taxes on the scale of the tax schedule—should be improved slightly by another tax reform, i.e. lowering the lowest tax rate from 17 percent to 12 percent.
Let’s check the amounts that will be.

In total, it is scary to think what will happen if the free amount is not increased to 30,000. PLN reduced the actual burden on millions of pensioners receiving lump-sum benefits to PLN 2500 per month by 9%. Health insurance premiums. Just like the next announced reduction – the lowest rate of investment profit from 17 to 12 percent. True, these tax breaks apply not only to pensioners, but also to all taxpayers, but pensioners are the most modest – by force – of the group of living Poles.

See also  Importance! New exemption for the pensioner. Unexpectedly, the House of Representatives passed the PIT-0 test for seniors at Nowy Łada. Who does not pay tax: 10/10/2021

Did you pick a lump sum and starting in July PIT would be better? Do …

Persons receiving pensions in a total amount of up to 2,500 PLN will not benefit from this change (unless they have other additional taxable income with personal income tax) because their entire income from these pensions in the amount of tax exemption – 30,000 PLN.