As of 1 September 2024, fresh income limits for pensioners and pensioners will enter into force, which may affect the amount of benefits paid. These changes are the consequence of the latest data from the Central Statistical Office (GUS) on average remuneration. The fall in the average gross remuneration in the second 4th of this year means that those who make up their pension will gotta pay more attention to their income in order not to lose part of the benefits.
Why Are Limits Lowered?
The CSO announced that the average wage in the second 4th of 2024 was PLN 8038.41, which represents an increase of 14.7% year-on-year. Despite this, the quarterly gross wage fell by 1.3%. This change has a direct impact on the amount of eligible income for persons who have not yet reached the statutory retirement age and who proceed to work and collect pensions.
New Income Limits from 1 September 2024
As of September 2024, persons moonlighting for a pension will gotta respect fresh income limits in order to avoid a simplification or suspension of benefits. The fresh income thresholds will look as follows:
- Income to PLN 5626.90 gross The Social safety Office will not reduce the benefits.
- Revenue from PLN 5626.90 to PLN 10 449,90 gross – ZUS will reduce the amount of the benefit.
- Revenue above PLN 10 449,90 gross – ZUS suspends payment of benefits.
Who are the limitations?
These income limits apply to persons who have passed early retirement or pension and have not yet reached the statutory retirement age of 60 years for women and 65 years for men. However, there are respective exceptions to this rule:
- Pensioners who have reached statutory retirement age, they may extradite without limitation unless they benefit from an increase to the minimum.
- In the case of pensioners to whom the Social Insurance Institution has raised the benefit to a minimum pension, if the income from work exceeds the amount of the increase, the benefit will be paid at a lower amount, without a minimum payment.
Who doesn't have income limits?
Not all pensioners gotta worry about income limits. Persons receiving invalidity pensions for wartime disabled persons and military disabled persons may gain without limitation if their incapacity to work is due to military service. besides persons receiving household pensions after specified invaliditys are not subject to income limits.
What does it mean for pensioners and pensioners?
New income limits can affect the financial decisions of many pensioners and pensioners. Acropolisers must now plan their income more carefully to avoid reducing or suspending benefits. It is worth checking your income regularly and consulting the Social safety Office to guarantee that the limits are not exceeded.
Summary: fresh Limits – fresh Challenges
As of September 1, 2024, pensioners must be peculiarly careful about their income. Changes in income limits can affect their financial situation, so it is worth knowing and adapting to fresh rules to avoid unpleasant surprises.
Read more:
New Income Limits for Pensions from September 2024: What Is Worth Knowing?
