Social Security pensions paid (now) with IRS hit in January

by Andrea
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Portuguese economy with an external surplus of 9.8 billion until November 2024

Social Security pensioners will receive reforms with retention at the source based on the 2025 tables and the hit with January.

Social Security pensions that arrive this Friday, to the retired account will already incorporate the new retention rates at the IRS source and will still have the tax refers to January.

In early January New IRS retention tables to be applied throughout this year, reflecting some of the changes introduced to the tax, namely the rise of the minimum existence, that is, the IRS exempt income, and the update of the specific deduction and the specific deduction.

Beyond the changes to the IRS, the New retention tables aim to accommodate the update of pensions in 2025, preventing a range from the monthly gross value translating a lower monthly net income.

The diploma of the retention tables, however, did not have time to be reflected in the pensions paid in the first month of the year, and the hit relating to January made in the reforms that are paid today.

This indication was given by an official source of the Ministry of Labor, Solidarity and Social Security, in a response sent to Lusa in January, adding that This will also be the procedure regarding the pensions of the Caixa Geral de Retirement – which in February are paid on the 19th.

“In the pensions payable in February, the new IRS table of 2025 will be used and the use of the previous table will be made in January, both at the Institute of Social Security and CGA,” he said to Lusa to that source. official.

Among the IRS tables that have been in force in the last two months of 2024 and those that have to be applied in 2025 there are differences from the time to which there is no place to the monthly IRS discount (which rose from 820 to 870 euros) and us Following yield levels, who suffered slight increases.

As a rule, social security pensions are paid on the 8th of each month, and when this day coincides with a holiday or weekend, payment is made on the previous business day or the next business day, and can never be after the 10th.

At CGA, payment takes place on the 19th, being anticipated when it coincides with a weekend or holiday.

source

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