US EditionPensioners Should Now Be Exempt From Post-Employment Tax
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The government expects to save eight million ISK, now that changes are to be made to the Pensions Act. The Ministry of Social Affairs and Culture says that the rules on conversion and recalculation of national pensions will be changed. The pension will be adjusted as the pensioner's income changes. This avoids recalculations. In 2023, 1,822 pensioners will receive a recalculation. And the pension should be paid back, not, as now, in advance. Thi…
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