It was not necessary to wait for the new year for retirees to be informed that the value of their pensions would increase in 2025. Pensions paid by Social Security will benefit from increases between 1.85% and 3.85% and it is already known when retirees will receive their first pension with an increase. Please be aware, however, that the new Income Tax withholding will only be made in the coming months.
According to the report, it is this Wednesday, January 8th, that pensions will be paid to retirees with the increase, set between 1.85% and 3.85%.
The same source states that, in question, are retirees whose pension is paid by Social Security, with the 2025 increases also covering people who entered retirement during the year 2024.
It is worth noting that this support is only valid for those who received a monthly pension of less than 1,567.50 euros. In the case of pensions with a value higher than that mentioned, the increase applied is only that resulting from the formula provided for by law, which takes into account the average inflation without housing, recorded in November, and the growth of the economy.
For now, it is known that the adjustment to IR withholding for January will only be made in the coming months. This happens because the IR retention tables for application in 2025 were only known this week, at a time when Social Security retirements were already processed.
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