The Bill on Pension Increases Has Arrived: the 120,000 Minimum Is Included, but an Important Detail Is Still Missing
6 Articles
6 Articles
On Tuesday evening, the government submitted to the Parliament a bill on the increase of low pensions and certain social benefits in 2027. The document confirms that the minimum amount of the full old-age pension would increase to HUF 120,000 from January, the minimum for orphans' benefits would be HUF 60,000, and the rules for the elderly's annuity would also change significantly. We compared the proposal with the draft submitted for public con…
Significant changes may come in 2027: the personal income tax of minimum wage earners may be reduced, the family allowance may double, and the minimum pension may increase from 28,500 forints to 120,000 forints.
The minimum pension will increase to 120,000 forints, rehabilitation benefits will be increased by 10 percent, and the pension for the elderly will double. The bill has been submitted.
We asked three pensioners about their livelihoods and the changes. The power of pensions, the planned increase, and the pensioner SZÉP card were also discussed.
Next year could bring significant changes: family allowances would be doubled, the minimum pension would be increased to HUF 120,000, and the personal income tax of minimum wage earners could be reduced to 9 percent. According to the Minister of Finance, millions of people could be better off, while large companies and the most significant economic actors would face greater public burdens.
The government submitted it to parliament.
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