Those who retire after 2040 will be 100 percent taxed
Created: 02/17/2022, 11:40 am
By: Janine Napirca
Will you retire after 2040?
Then your pension will be taxed at 100 percent.
© Elnur/Imago
In 2022, the pension allowance will still be 18 percent - future pensioners will get nothing.
If the taxable part of your gross annual pension exceeds the basic allowance, you must file a
tax
return.
In 2022, the pension allowance for single people will be EUR 9,984 per year and for married people EUR 19,968.
In addition, you must definitely submit a tax return if you receive a corresponding letter from the tax office.
Also read
: Why you should check your retirement account regularly.
What exactly is the deferred taxation of the statutory pension?
Subsequent taxation means that the
pension is fully subject to income tax
.
On the other hand, contributions or expenses for the acquisition of the pension entitlement are exempt from income tax through tax exemptions or special expense deductions.
Also
interesting
: Unusual ideas on how to save money in 2022.
Not only the statutory pension is affected,
but also disability pensions, widows' pensions, orphans' pensions, as well as Riester pensions, Rürup pensions and company pension schemes are fully taxable
.
If necessary, you can deduct your private pension from your taxes.
Also read
: How much broadcasting fee do you currently have to pay
?
Those who retire before 2040 can still look forward to a small pension allowance
The pension allowance depends on the year of retirement.
Those who retire in
2022
can look forward to a
pension allowance
of
18 percent
.
Only 82 percent of the pension is taxed, 18 percent remains tax-free.
In the coming years, the pension allowance will become smaller and smaller, so that everyone who
retires after 2040
will have to pay
100 percent of it for tax
purposes.
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