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Pension increase 2022: all pension increases since January 2022
Increase in pensions 2022: here we are. Here are the increases in pensions from January 2022.
Rising inflation in 2021 leads to increases of around € 300 per year for average pensions (from € 1,500 per month) or € 25 per month, starting from January 2022.
The ministerial decree published on Friday 26 November in the Official Gazette, as stated on the website https://www.fiscoetasse.com/ – confirms the forecasts of the Monetary Fund a few weeks ago with the value of 1.7%
The increase in prices due to the sudden increase in inflation recorded in 2021 compared to 2020, in which it is confirmed as zero, will increase social security expenditure by about 4 billion euros and this will reverberate in social security checks by about 23 million of Italians.
The return to equalization of pension amounts is also expected from January, compared to ISTAT data, with the brackets method which is more advantageous for less well-off pensioners. In fact, the adjustment to the ISTAT value is applied progressively:
is equal to 100% (of 1.7%) for the lowest checks, up to 4 times the minimum (i.e. up to 2062 euros gross, amount in which the majority of checks fall),
90% for checks between 4 and 5 times the minimum (up to € 2577.90)
75% above this threshold (gross checks over € 2,577.90)
It should be noted that in recent years a more complex mechanism has been applied and which provided that the curtailment concerned the entire amount of the allowance and not just the part over the deductible threshold. It will also be remembered that in 2012 the Monti government had instead decreed the blocking of all inflation adjustments for pensions above three times the minimum amount., but the mechanism had been rejected by the Constitutional Court, a decision that had led to the reintroduction of progressivity also in the indexation of pension checks.
It should be remembered that the amounts are provisional because they refer to inflation measured over the first 9 months of the year. Only in January 2023 the INPS will check with the definitive ISTAT value for the whole of 2021 and any adjustment.
The minimum pension will go from € 515.58 per month to € 524.34,
the social allowance will go from 460.28 to 468.10 euros per month.
Consequently, the minimum values for accessing contributory pensions are also re-evaluated:
the old-age treatment must not be less than 702.16 euros per month while
the early retirement pension must not be less than € 1,310.69 per month.
Adjustment of survivors’ pensions
No cut if the recipient’s income, net of the pension, is less than € 20,449.45.
For incomes above this value, and up to 27,265.93, the cut will be 25 percent.
For incomes between 27,265.93 and 34,082.42, the cut will be 40%,
for higher incomes, the cut will be 50 percent.
Request for exclusion from deductions and application of the highest bracket for pensions
Meanwhile, with the message of 8 October 2021 INPS communicated, as every year, the methods for pensioners to request the application of the higher rate of the income brackets and / or the non-recognition of tax deductions, in the case of interest from a fiscal point of view, due to the presence of other income or other specific conditions.
Applications must be sent electronically starting from 15 October for application also in 2022. The appropriate online declaration must be completed by accessing the dedicated service “Tax deductions – application and management” available on the website www.inps.it
In the absence of specific communication, in fact, the Institute, as withholding agent, is required to apply the rates by income brackets and to recognize the tax deductions (Article 13 of the TUIR)
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