There are newspapers that periodically announce a pension increase paid the following month, giving hope to all those pensioners hoping for an increase in the amount received.
We can imagine what the purpose of this news is: after all, what better topic to attract as many pensioners to read that specific article. But at what price? Personally we believe that the quality of information can never be overshadowed, for this reason we must necessarily intervene to clarify what actually awaits us on the pension payable in May.
Differently from what we read, in fact, no further increases are planned of the pension compared to what has already been paid in previous months, except in particular cases obviously. In fact, there may be pensioners who, due to a series of problems, have not yet enjoyed the increases that began in 2024, from the revaluation to the consequences of the new Irpef, but we are in the order of hundreds, or even dozens.
Generalizing by announcing increases for everyone, therefore, is not only wrong, it is also a incorrect practice which has little to do with the ethical principles of journalism.
Retirement May, because there is only bad news
The first “bad” news is that the May pension is paid with a day late, due to the fact that the first of the month is a public holiday (Workers’ Day) and for this reason it is not considered bankable. Therefore, we will have to wait until Thursday 2 May for the check to arrive.
Beyond that, there’s the fact that there are no increases but only withheld on the check. From the monthly IRPEF withholding taxwhich for some pensioners, as has been the case for a few months now, occurs to a lesser extent due to the effect of the tax reform financed by the latest budget law, at the regional additional charges And municipal on balance for 2023 and on account (but only municipal ones) for 2024.
No increase: those announced by much of the press have already been applied in recent months and for this reason no difference is expected compared to the latest payslips.
What are the increases announced and why there won’t be any?
There are three reasons that this year led to an increase in the pension compared to what was received in 2023:
- primarily there revaluation of checks, for which a rate of 5.4% was used with reduced rates for those with a pension exceeding 4 times the minimum salary. The increases in the revaluation started already in Januaryto February in some cases;
- for pensions that have an amount lower than the minimum payment, 598.61 euros this year, a second revaluation applies, extraordinary, desired by the government. It guarantees an increase in 2.7% (while in 2023 it was 1.5%), thus ensuring a small further increase in the allowance which in the best case scenario can reach up to 614.77 euros. This revaluation has also already been applied to checks;
- thirdly, as anticipated, yes on pensions being paid this year they pay less taxes, but only when the annual amount is greater than 15 thousand euros and less than 50 thousand. In fact, for the part between 15 thousand and 28 thousand euros, a reduced rate applies exceptionally to 23% (instead of 25%), ensuring pensioners a Irpef savings of up to 260 euros. Also in this case the increase has already been recognised, in the March payslip to be precise (including the payment of arrears).
There have therefore been increases and this is not the time to wait for more. The next increments, in fact, are those that occur between July – with the arrival of the fourteenth salary for pensioners who are entitled to it – e Augustwhen the first Irpef refunds are arriving for those who have submitted a tax return with form 730/2024 indicating INPS as the withholding tax and for whom an Irpef credit has been recovered.
Tags: Pensions bad news payment
