Surprise payslip for pensioners: July will be a special month for many, and not just for the fourteenth.
July will be an atypical month for a large part of pensioners and this can be seen from the payslips that INPS publishes monthly on its website. Not only fourteenth, there are other rumors that will not be exactly good news close to the holidays. Let’s see what the news will be on pensions in July and what amount pensioners can expect on the next credit which will start on July 1st.
Let’s take a step back first, who is entitled to the fourteenth in July beyond the thirteenth of December? Not everyone, unfortunately. The so-called “additional sum” is an additional payment for some categories of pensioners it is paid to around three million Italians. To be entitled to it, you count ithe number of years of contributions paid and the pension management to which the pensioner belongs. Years of contributions: up to 15 (18 years for self-employed workers), from 15 to 25 years of contributions (18-28 for self-employed workers), over 25 years of contributions (over 28 for self-employed workers).
The amount of the fourteenth is credited directly to the pension slip of July for pensioners who already meet the requirements. For those who reach them (64 years old) by December 31st, the sum is paid with the December monthly payment.
July pension payslip: two additional variations from INPS
Not just the fourteenth in July for pensioners and this is because at the end of last year the INPS carried out the recalculation of the tax withholdings applied during 2023, including Irpef and regional and municipal additional taxes. It follows that if during 2023 the monthly withholdings were lower than what was due on an annual basis, the INPS has ironed out the differences on the installments of January and February 2024, and will continue with the withholdings on subsequent monthly installments until the end of the debt.
For pensioners with a total annual amount of up to 18,000 euros, with a debt balance exceeding 100 euros, the debt installments extend until November 2024. For them, the July pension will be lower, even if with the fourteenth. And then there is the Irpef, also in July, in addition to the monthly Irpef, the additional regional and municipal taxes relating to 2023 are withheld, recovered in 11 installments starting from January.
Civil disability benefits, pensions or social allowances and other benefits not subject to taxation for particular reasons such as tax relief for foreign residence or victims of terrorism will not have any type of tax withholdings.
