Political opinion with Cllr Duncan Crow: The government is failing our pensioners

Retirement pensions are subject to income tax, as are salaries. How are pensioners' income taxed? How do they be reported? How is pension tax levied? How is the amount calculated? What deductions are available to pensioners? Focus on income tax for pensioners.

Half of the people in the country think that the fund they accumulate in the AFPs at the time of retirement is composed mostly of the money they contributed, and not by the profitability that the AFPs achieved with their savings.This, despite the fact that previously the Superintendency of Pensions has shown that this is not the case.In particular, this is what shows a public opinion survey of Decipher -an alliance between Copesa and the company…

Age poverty is becoming a pressing problem. Millions of pensioners are affected, but with the right measures, income can be increased.

Political opinion with Cllr Duncan Crow: The government is failing our pensioners

The early warm weather we’ve had was a godsend for our least well-off pensioners. After the winter and the need for constant home heating, having warming weather will have come as a relief for many, especially those who need warmer homes, such as our pensioners.

Even though pensions were raised again this year, their value has decreased significantly compared to salaries.

A lot of money can be deducted from retirement, but of course there is a limit.