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HomeLatest NewsThe lowest tax advantages reduced retirement savings by 32%

The lowest tax advantages reduced retirement savings by 32%

Date: December 4, 2023 Time: 13:26:09

The pension plans they experienced a 32% reduction in gross contributions last year, standing at 1,709 million compared to 2,529 million the previous year, according to the latest data from the employers’ association inverco. The employer has highlighted that the net contributions in 2022 they were 667 million euros in negative, given that although the contributions were 1,709 million euros, the gross benefits amounted to 2,376 million. the reduction is 4,380 million euros, because the reduction of the maximum limit is added to the one imposed in 2021, which went from 8,000 to 2,000 euros and in 2022 it was reduced to 1,500 euros. To this must be added the “Notable” price corrections both equity and fixed income markets, which caused a drop in the accumulated assets of individual pension plans. In December, the volume of pension plan assets of the individual system stood at 80,234 million euros, 2,185 million euros less than the previous month. The profitability in 2022 in the one-year plans was negative 10.1% due to these corrections in the markets, and -0.8% in three years. In the longer term, at 26 years, this improvement is up to 2.5%.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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