For those who generate high incomes, they have to know that the withholding brackets will be the indicators of the Personal Income Tax (IRPF) of the maximum pension that can be collected in our country.
As pointed out by Noticias Trabajo, it is necessary to consider that Social Security pensions “quote”, so they are considered as “earnings of work for the Tax Agency”. In this way, each fiscal year must be added to the income statement. Pensioners have part of their pension generated by the Social Security General Treasury (TGSS) paid by the .
The withholdings will depend on the value that is perceived and the personal situation of the pensioner. In this line, Noticias Trabajo explains that it is not the same to receive the maximum pension than the minimum and to have large incomes or not.
The minimum amount set for 2022 is 890 euros per month, while the maximum amount is 2,819.59 euros per month, 111.69 more, compared to 2,707.49 in 2021.
Income tax withholding tranche of the maximum pension
The income tax withholding bracket for the highest pension corresponds to a minimum withholding of 15.59% for all those who exceed 30,001 euros per year. “This is so, because if the calculation of the maximum amount is made, with the computation of 14 payments per year, it is 39,474 euros per year for contributory pensions,” adds Noticias Trabajo.
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