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2025 - Pension Increase Announcement: Retirees Face Additional Four Billion Euro Tax Burden

Summary by News Text Area
Over 70,000 retirees are expected to face new tax obligations due to projected pension increases, leading to an estimated 4.1 billion euro rise in total tax payments for 2025. Tax obligations are linked to pension income and other earnings, with the government anticipating an increase in taxable retirees to 6.578 million. While pensions may rise by 3.5% in July, concerns about the rising tax burden on pensions have been raised, advocating for ex…
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