Pensions, increases coming in June. But not for everyone
Starting in June, there won’t be any net increases on pensions. In reality, it is a recalculation of the amounts carried out between last March and April, which incorporates the increases foreseen by the 2024 Irpef reform in pay slips. In practice, some pensioners may notice an increase, but it will not be across the board.
To understand better, the pension increases have already been applied during 2024. During this period, the annual revaluation of pensions and the Irpef reform have contributed to increasing the value of monthly pension payments. However, as he writes Quifinanza.itit is important to note that while the annual revaluation benefited all pensions, the Irpef reduction was visible only for some pensioners with specific incomes.
The pension revaluation in 2024, compared toinflationled to increases equal to:
100% on pensions up to 4 times the minimum 85% on pensions between 4 and 5 times the minimum 53% on pensions between 5 and 6 times the minimum 47% on pensions between 6 and 8 times the minimum 37% on pensions between 8 and 19 times the minimum 32% on pensions over 10 times the minimum
The increase in pensions, however, is mainly due to new Irpef bracketswhich include:
Up to 15 thousand euros stable rate at 23% for incomes above 15 thousand and up to 28 thousand a reduction in the rate from 25% to 25% (in 2024) incomes above 28 thousand and within 50 thousand an unchanged rate at 35% finally for incomes above 50 thousand euros, the rates are stable at 43%
An example of savings: for an income of 16 thousand euros, 3,680 euros of Irpef will be paid instead of 3,700, for a saving of 20 euros per year (1.67 euros per month)
Pension increase: the INPS table
The two factors of increase have thus led, starting from 1 January 2024, to a increase in pensions up to 5.4%. The INPS table provides:
for amounts of 1,000 euros a gross increase of 54 euros per month for amounts of 1,500 euros a gross increase of 81 euros per month for amounts of 2,000 euros a gross increase of 108 euros per month for amounts of 2,500 euros a gross increase of 114, 75 euros per month for amounts of 3,000 euros a gross increase of 85.80 euros per month for amounts of 3,500 euros a gross increase of 88.55 euros per month for amounts of 4,000 euros a gross increase of 101.20 euros per month for amounts of 5,000 euros a gross increase of 100 euros per month for amounts of 6,000 euros a gross increase of 71.40 euros per month
Some retirees may, therefore, notice a increase in allowance of June, especially those waiting for a backlog related to new Irpef system. This increase concerns the last pensioners who have not yet received their arrears in the previous months.
As reported Quifinanza.it, regarding the June pension payment schedule, it is important to pay attention. Since the first days of the month fall on the weekend and June 2nd is a holiday, payment delays may occur. The availability of pensions at post offices is scheduled for 1 June, while those who withdraw or wait for their pension at their bank will be able to view the amount starting from Monday 3 June 2024.