Social Security pensions arriving on Friday to the retired account will already incorporate the new IRS source retention rates and will still have the tax relate to January.
In early January the new IRS retention tables were published 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 levels and specific deduction.
In addition to the changes to the IRS, the new retention tables aim to accommodate the update of pensions by 2025, preventing a monthly gross amount from translating into 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 January-reaching refers to the reforms that are paid this Friday.
This nomination 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 Caixa General of Retirement – which in February are paid next day 19.
“In the pensions payable in February, the new IRS table of 2025 will be used and the hits of 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, pensions are paid on the 08th of each month, and when this day coincides with a holiday or weekend, the payment is made on the previous business day or the next business day, and may never be after Day 10.
At CGA, payment takes place on the 19th, being anticipated when it coincides with a weekend or holiday.
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