Pension

Does a Lifetime Pension count as taxable income?

According to current legislation, personal income tax is deducted at the time of disbursement.

If your Lifetime Pension combined with your state old-age pension does not exceed the non-taxable minimums set by the state, then every year, by submitting a personal annual income declaration to the SRS, the insured person can receive a tax refund from the state in accordance with the procedures specified in the legislation of the Republic of Latvia.

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