Pensions will be lower from July. The Sejm passed a reduction in the first PIT tax rate from 17 to 12 percent. With this inflation, which will soon reach 15 percent, with the penny pensions of most Polish retirees, almost every PLN 10 of additional income is valuable. Not surprisingly, then, there was an emphasis on the fourteenth retirement, which the government had not originally planned for this year. Now, in turn, we are hearing louder and louder voices about the second revaluation of pensions. For now, the only thing that is almost certain – in the case of pensioners getting more than PLN 2,500 on hand – additional money from July due to a tax reduction from 17 to 12 percent. Almost certain, because so far the government has adopted the law introducing such a change in PIT and referred it to the Sejm.
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.
After the payment of the thirteenth pensions in April, seniors can only count on the fourteen pensions and the effects of tax reduction from July this year. Will these benefits already compensate for double-digit inflation?
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.
However, while confirming the fourteenth pension at the beginning of April, Minister Marlena Maląg also ruled out the possibility of the second, autumn indexation of pensions this year.
Does this, however, close the topic? Let us recall what the situation is with the fourteenth pensions. They were not planned in the budget for 2022, high officials of the family ministry publicly announced that there will be no fourteen this year, and the prime minister announced that there will be fourteen in 2022. Perhaps the situation will repeat itself during the second indexation of pensions – even from September? May!
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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.
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