For a few months now we have continued to talk about pension increases, although there is nothing concrete about it. Last month we intervened for a fact checking on latest pension news as an increase scheduled for May was announced in many quarters.
Now history repeats itself, this time with the focus shifted to pay slip to be paid in June for which we speak of “pension recalculation” with associated increase.
In fact, according to the latest news on pensions, there seems to be one for pensioners an increase every month. Too bad then the amount always remains the same.
The treatment does not change: the reason why the pension should increase is due to Irpef revision and upon the arrival of the arrears. In fact, every month reference is made to a phantom group of pensioners who have not yet benefited from the advantages of the new Irpef and who will therefore receive increases and arrears with the next payslip.
However, to date there do not seem to be any relevant numbers to be able to talk about generalized increases, with the INPS itself confirming that the adjustment operations of the new Irpef have already been concluded some time ago.
No pension increase in June
As it was in April, as well as in May, not even in June should we expect an increase in pensions as has been announced by many.
The reason is always the same: all updates on pension calculations are have already been carried out in recent months, from the revaluation of the amounts triggered in January to the new Irpef applied for the first time to March (with related payment of arrears).
Of course there could be an isolated case where the pension being paid between Saturday 1 June (for those with postal accreditation) and Monday 3 June could contain an increase. On the other hand, there are several reasons why the INPS could proceed with the adjustment, for example in favor of those pensioners who benefit from income-related treatments and who have presented the Red model in recent months. But it’s just one not news: although there may actually be increases in pensions every month, there are no elements to announce a generalized increase which only risks misleading pensioners.
All pension increases in 2024
Let’s take this opportunity to summarize what are the pension increases? scheduled this year, distinguishing those already applied on the payslip from those arriving in the next few months.
As anticipated, the first increase occurred on the January payslip, when social security and welfare payments were adjusted to the cost of living (with an inflation rate of 5.4%).
Then in March there was the update of the new Irpefas with the tax reform it was reduced – from 25% to 23% – the contribution rate that applies to the portion of income between 15 thousand and 28 thousand euros. An operation which in the best of cases, for those with a pension equal to or greater than 28 thousand euros, guaranteed an increase of 260 euros per year, 21.66 euros per month on each payslip.
For a further increase it will then be necessary to wait for the pension to be paid Julywhen for pensioners who receive an allowance of an amount not exceeding 15,563.86 euros the fourteenth is arriving, an additional sum which in the best case has an amount equal to 655 euros.
After that, the Irpef refund could arrive as early as August in favor of those pensioners who have submitted a tax return with form 730/2024, regularly indicating INPS as the withholding tax, by June 20thprovided obviously that the recalculation of the taxes, with related deductions and deductions, results in a Irpef credit.
For those who submit their tax return late, any refund will arrive between September and November.
Then in December there will be the payment of the thirteenthwith the advantage then that on the payslip surcharges do not apply (neither as a balance nor as a deposit), thus increasing the net value of the check.
Then in January the new increase guaranteed by the revaluation which however should be much lower than those recognized in recent years. The percentage estimated in the Economic and Financial Document, in fact, is just1.6% and although subject to variations, it should not differ greatly.
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