Inflation, which already reached 10 percent in March, means that this year’s indexation of pensions (7 percent) will not be able to compensate pensioners and other people receiving benefits indexed in the same way from ZUS, the increase in the cost of living. The more that food, medicines and housing costs are growing the fastest.
Part of this difference between inflation and the March indexation will certainly be compensated for by the thirteenth pension – the one currently being paid, and the fourteenth pension, which the government announced at end of summer or early September.
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A slight improvement in retirement budgets – like all people paying tax according to the tax table scale – should be brought by another tax reform, namely lowering the lowest tax rate from 17 to 12 percent.
Let’s check what the amounts will be.
Persons receiving pensions of up to PLN 2,500 gross. they will not benefit from this change (as long as they have no other additional income taxed with PIT) because their entire income from such a pension is in the tax-exempt amount – PLN 30,000.
Such people, ZUS deducts only 9 percent from their gross pension. Contributions for compulsory health insurance.
In the case of a person who has a retirement pension of PLN 2,500 per month, the deduction is PLN 225, so the pensioner receives PLN 2,275 on hand.
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The situation is different for people with higher pensions. In their case, ZUS deducts from the gross pension both the health insurance contribution and the tax advance.
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As an explanation, it should be added that the reform (PIT 12%) is to enter into force on 1 July and from July the lower rate will be applied by ZUS when collecting advances for the annual tax. However, the change is to apply from January 1, 2022, which means that the overpaid advance payments for the period January-June will be returned by the tax office after the approval of the annual PIT settlement.
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