The new levels give pensions from €1.80 to €1,000

The net monthly income of retirees in this case is more than 6.16 euros, due to the combined effect of the January-August update, according to EY.

In a pension of €1,000, taking into account the sole contributor or widows, without dependents, the total net income will also increase by 0.7%, due to the combined effect of changes in the IRS schedules and the modernization of pensions (more than 0.5% in this way). After a year, the pensioner will receive a gain of 86.25 euros (of which 25.32 euros according to the new levels). Monthly, it will be 6.16 euros (1.80 euros across the new levels), according to EY’s simulation of JN / Dinheiro Vivo.

Most retirees (at least two million of them) won’t feel any impact next year from the IRS shift. After all, he receives values ​​​​less than the minimum existence and is exempted, if there is no other income. For the minority who receive a taxable pension, the announced division of levels (in the third and sixth, from 7 to 9) will bring from a few cents to less than two euros.

The Chancellor’s calculations reflect the approximate impact of the proposed state budget (OE), as it stands, on retirees. They take into account not only the division of levels, but also an extraordinary update of €10 of the lowest pensions from August, as well as a regular update in line with the inflation considered in the OE proposal, of 0.9%, already in January.

lower pensions

With no impact from the new IRS levels, pensions with a value of up to 1.5 times the SSI (664.12 euros, in principle, with the IAS update) will see an increase in disposable income in the next year exclusively as a result of the additional payment of 10 euros per month . But, since this will only take effect from August, the profit will be €60 clean. In the case of a pension of 635 euros, the income will increase by 0.7% to 8,950 euros per year.

Moreover, far from the average pension amounts paid by Social Security, a pensioner receiving a pension of €2,500 per month sees his net income rise by 0.5%, with an additional €137.63 per year (or €9.8 per month), in line with the update provided for in pensions. The contribution of a gradual shift to the IRS is minimal. It would only be €2.37 at the end of the year, or 17 cents a month.

Average amount paid

But these are calculations that most retirees won’t make. If, according to government calculations, about two million retirees receive less than 664 euros per month, the average value of pensions paid by Social Security (excluding the higher Caixa Geral de Aposentações pensions) last year was 501.77 euros (+ 2.2% compared to last year). 2019), according to OE2022 proposal data.

The average value of new old-age pensions granted last year decreased for the second year in a row (-1.1%), having reached €586.48.