News24 Business | Money questions? Answered | Why should pensioners have to pay tax?

News24 Business | Money questions? Answered | Why should pensioners have to pay tax?

If you receive an income above a certain amount, it will be taxed, but there are a few tax-relief measures available to retirees. Ensure that when you retire, you make the most of these and plan your finances accordingly, says Maya Fisher-French.

The annual tax reporting period announces that it will raise questions among taxpayers, especially pensioners who are anxious to control their taxes. However, several legal mechanisms allow the bill to be significantly reduced, provided that they know the subtleties of the bill. Among the most [...] The article Tax optimisation for pensioners: the unknown levers for tax relief appeared first on Le Singulier.

People who have acquired the right to a pension (women — 60 years, men — 65 years) and although they have worked part of the year, can benefit from the allowance for working seniors. Thanks to it, income up to PLN 85,000 528 is exempt, and in practice, after taking into account the tax-free amount (PLN 30,000), even PLN 115,528 is exempt from tax. However, as one of the latest interpretations of the tax office shows, one day between payment and …

Retirement means adjusting your household budget to your new financial situation. For many seniors, every extra złoty counts, which is why information about the possibility of recovering tax on retirement benefits may be particularly important. What conditions must be met?

Retirement is either anticipated or dreaded. One thing is certain: good preparation for retirement is important. How to achieve a satisfying life after retirement.