On Friday, October 1, the Seym passed a law popularly known as the tax New Deal. It increases the tax-free amount to PLN 30,000. PLN per year and raises a higher tax threshold – from approx. 85 thousand. PLN up to 120 thousand. zloty. According to the previously consulted draft, pensions up to 2.5 thousand. PLN will be exempt from tax (this is the effect of the free amount), but quite unexpectedly – because it was not included in the draft – the Sejm also passed a new tax relief for pensioners, called PIT-0 for seniors. What is it and who will benefit from it?
In simplified terms, it can be said that PIT-0 for seniors is a tax instrument similar to the existing zero PIT for young people, and in the new tax system from 2022 it will also be used by families with four or more children – PIT-0 for families 4+.
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PIT-0 for seniors is an incentive to stay on the labor market. They will use it full-time employees, contract workers and entrepreneurs (scale, “ruler” and lump sum) who, despite reaching the right to retirement, will withdraw from receiving it and will continue to be professionally active.
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This is how much money you get in pensions tax free. See …
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PIT-0 for seniors will work like PIT-0 for young people, i.e. annual income from work up to PLN 85,528. Seniors who settle accounts on general terms will still have a free amount to use, which will amount to PLN 30,000. zloty.
In other words, working seniors who do not receive a retirement pension will pay the tax only after their earnings exceed PLN 115,528 (PLN 30,000 of the free amount + PLN 85,528 of relief).
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