Tax reliefs

According to the current law, you have the right to obtain a refund for your overpaid income tax from the amount you have paid to your 3rd pension pillar. Prior to establishing the desired level of contributions, inquire all about the limits of income tax refund amount.  If your gross (pre-tax) salary is EUR 400 per month, EUR 40 is the maximum amount of which you will receive an income tax refund. Even if your employer contributes to your private pension savings, calculated amount for the tax refund will be lower.

You will receive the verpaid income tax refund, if you will have submitted the annual income declaration to the State Revenue Service, reflecting contributions to the 3rd pension pillar. For the contributions paid to your 3rd pension by spouse you will receive  the verpaid income  tax refund too. But if the contributions paid to your 3rd pension by another person (whether a natural person or legal entity), you will not get a tax refund.

Information about your contributions to the 3rd pension pillar shall be transmitted electronically to the State Revenue Service until February 1 for the previous year, therefore the account printout from your pension plan on paper the State Revenue Service does not require.

Annual income declaration on contributions to the 3rd pension pillar may be handed in to the State Revenue Service for the last 3 years.


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