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Fourteenth Pension 2023: Calculation, Tax, and Health Insurance Deductions

We have the calculation of the Fourteenth Pension 2023 after deducting tax and health insurance. See what additional amounts will go to retirees at the turn of August and September.

On the signing by President Andrzej Duda of the Act on additional annual cash benefit for pensioners The press office of the Chancellery of the President informed. The Act specifies the conditions for acquiring the right to an additional cash benefit, called the fourteenth old-age pension, by entitled persons. This benefit is to be granted on a permanent basis.

Fourteenth Retirement will be due to entitled persons in the amount of the lowest old-age pension applicable from 1 March of the year in which the next additional annual cash benefit is paid. For others, the zloty for zloty principle will apply.

The Act on the 14th old-age pension stipulates that the supplementary pension will be subject to both tax and health insurance contributions. In 2023, the health insurance contribution (9 percent) and personal income tax (PIT 12 percent) are to be collected from the 14th pension.

The tax will be paid by pensioners who receive a pension of at least PLN 2,500 gross. Those receiving a lower pension (up to PLN 2,500 gross) will pay only a 9% health insurance contribution.

► Note: Pensioners should remember that the amount of the basic retirement benefit and the 14th old-age pension paid on the date specified in the Act add up. Hence, most pensioners will most likely exceed the threshold of PLN 2,500 and pay 12 prc. income tax (and, of course, 9% health insurance).

It must also be remembered that the 14th pension will be reduced on a “PLN for PLN” basis above the threshold of PLN 2,900 gross. For example, a pensioner receiving PLN 3,000 gross of the basic retirement benefit will already receive a fourteenth benefit in the amount of PLN 1,488.44 gross. A person receiving a pension of PLN 3,100 will receive a fourteenth pension of PLN 1,388.44, and so on. Detailed calculations for individual amounts are presented in the gallery below.

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The most important information about the Fourteenth Pension 2023.

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2023-08-06 18:00:00
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