Pensions: Temporary increases due to suspension of tax withholding

The single withholding in all pensions (main and supplementary), from which retirees would lose the next month up to 30 euros from the amount of pensions they receive to date, is postponed until further notice, however not before the elections.

For "technical reasons" and because, reportedly, IDIKA is not yet ready to aggregate incomes from main and supplementary pensions or other benefits, in order to apply to the earnings the withholding of tax for each month, will continue to withhold tax on all income separately until July.

This means less withholding of tax on the basic pension and almost no withholding for supplementary ones, dividends, etc., despite the provision of the new Income Tax Code passed in December.

With full deduction in the earnings from pensions, the retiree would lose a portion of their monthly income, but would have prepaid the bulk of the taxes of the year, so that in the final settlement in 2015 they will pay less tax or even have a return amount from their tax office."