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Attention Opole!  This will be the new pensions in 2022. This is the pension calculation schedule from July 2022 [7.05.2022 r.]

Attention Opole! This will be the new pensions in 2022. This is the pension calculation schedule from July 2022 [7.05.2022 r.]

Many retirees will benefit from the new tax solutions starting in July. We are facing the implementation of another tax reform, which is the reduction of the lowest tax rate from 17 to 12 percent. Look in our gallery – Pension accounts from July 2022.

Retirement budgets—like all people who pay taxes on the scale of the tax schedule—should be improved slightly by another tax reform, i.e. lowering the lowest tax rate from 17 percent to 12 percent.

Persons receiving pensions totaling up to 2,500 PLN will not benefit from this change (unless they have other additional income taxable with personal income tax) Because all their income from this pension is tax-exempt – 30,000 PLN

The situation is different for people with higher pensions. In their case, ZUS deducts from the total pension both the health insurance contribution and the tax advance. What does this mean for retirees? See illustrative calculations in our gallery below.

Watch the exhibition(14 pics)

The reform (PIT 12%) will come into effect on July 1 and from July the lower rate will be applied by the Social Insurance Institution[/b] When collecting advance payments for annual tax. However, the change will take effect from January 1, 2022, which means that payments made in excess of the January-June period will be returned by the Tax Office after the annual income tax settlement is approved.

Collaboration: Zbigniew Biskupski (Agencja Informacyjna Polska Press).

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