Home » Business » This is the table of pension payments from August 2022. See what your benefit will be after the changes [7.08.22]

This is the table of pension payments from August 2022. See what your benefit will be after the changes [7.08.22]

We have a new pension payment table. The reform (PIT 12%) entered into force on July 1, and since July, the lower rate has been applied by the Social Insurance Institution when collecting advance payments for annual tax. The overpaid advance payments for the period January-June will be returned by the tax office after the approval of the annual PIT settlement. See how much pension you will receive in August 2022.

A slight improvement in retirement budgets – similarly to all people paying tax according to the scale of the tax table – should be brought by another tax reform, namely lowering the lowest tax rate from 17 to 12 percent.

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

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. What does this mean for retirees? See demonstrative calculations in our gallery below.

See the gallery(20 photos)

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