Pensioners are obliged to submit an income tax return every year if their taxable income exceeds the annual basic allowance. The basic tax allowance for 2023 is 10,908 euros for single people and 11,604 euros for 2024.
Depending on when your pension begins, part of the statutory pension remains tax-free. By 2040, 100% taxation of “new pensions” should be achieved. The annual pension increase is 100 percent taxable; there is no tax- free portion.