Pension Reform 2025 / Tax Rebates in Sight for Some Pensioners (Latest News, July 22)

Pension reform 2025: a significant tax cut could arrive with the next budget law.

PENSION REFORM 2025: THE HYPOTHESIS OF CUTTING IRPEF

While the Budget Law risks not bringing significant changes to pensions, aside from a (total or partial) freeze on the increase in pension requirements based on life expectancy starting in 2027, it appears that those already retired will be able to reap the benefits of an extension of the personal income tax reduction, which would apply to pensions exceeding €28,000 gross per year but not exceeding €60,000. Indeed, reducing the rate from 35% to 33% would leave them with more money in their pockets. For now, this is only a proposed tax measure, which will in any case require resources that are difficult to come by given the current uncertainty surrounding the international economic situation.

Meanwhile, a warning is coming from Sicily regarding people placed in protection programs for witnessing organized crime incidents. Apparently, the state is not paying their full pension contributions, and thus 200 people are at risk of reaching retirement with the possibility of collecting a very modest pension. Their request, therefore, is to be entitled to the same social security benefits granted to victims of the mafia. Remaining in Sicily, the regional government is awaiting its decisions after authorizing the introduction of tax discounts for individuals (including pensioners) and businesses who relocate to the island.

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