How high is the taxable part of the pension?

Since 2005, pension payments in this country have to be partially taxed. The amount of the taxable portion depends on the year of retirement. Those who retired in 2005 or earlier only have to pay tax on half. If you retire after that, the taxable portion increases by two percentage points each year. From 2021 onwards, the taxable share increases by one percentage point per year. Anyone receiving pension benefits for the first time in 2040 or thereafter will unfortunately have to pay full tax on them. The tax office recognises a flat rate of 102 euros per year as income-related expenses. If you wish to claim higher expenses, you must declare them in Annex R.

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