Home » Business » Pensions higher from July 1 thanks to a reduction in PIT to 12 percent. We calculate how much pensioners will gain. This will be compensated by 10%. inflation? [5.04.2022]

Pensions higher from July 1 thanks to a reduction in PIT to 12 percent. We calculate how much pensioners will gain. This will be compensated by 10%. inflation? [5.04.2022]

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 recipients – indexed in the same way – benefits from ZUS for 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.

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.

In total, it is scary to think what would happen if the free amount had not been increased to 30,000. PLN reducing the actual burden on millions of pensioners receiving gross benefits to PLN 2,500 per month by 9%. health insurance premiums. Just like the announced next cut – the lowest PIT rate from 17 to 12 percent. It is true that these tax reliefs apply not only to pensioners, but also to all taxpayers, but it is the retirees who are the most modestly – by force – living group of Poles.

You chose a lump sum and from July, however, the lin tax will be better …

People who receive pensions in the amount of up to PLN 2,500 gross will not benefit from this change (unless they have other additional income taxed with PIT) because their entire income from such pensions is in the tax-exempt amount – PLN 30,000.

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