Pension

Is my pension taxed?

Yes, your pension is subject to personal income tax, just like your salary. As of January 1, 2020, the non-taxable minimum on pensions is 300 EUR. The portion of your pension over this threshold is subject to a progressive income tax:

- Pension portion up to 300 EUR: 0% tax rate.

- Pension portion between 301 EUR and 1667 EUR: 20% tax rate.

- Pension portion between 1668 EUR and 4583 EUR : 23% tax rate.

- Pension portion over 4584 EUR: 34.1% tax rate.

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