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Anyone who receives a company pension in old age must declare the money from the pension fund as income in the tax return and pay tax on it.
The occupational pension must be entered in Annex R on page 2. In some cases, occupational pensions can be deducted as income-related expenses. The tax office generally deducts a lump sum of 102 euros for income-related expenses. However, it only makes sense to enter this amount if the actual income-related expenses amount to at least 103 euros.
At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.
We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.
Download our app and start gaining insight into your current and future finances.
