ROME. Summer could bring a pleasant surprise to many pensioners. Between the fourteenth-month payment and any Irpef refunds resulting from income tax declarations, payments in the coming months could indeed be higher than usual.
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The fourteenth-month payment
The first increase, as we mentioned, will arrive with the fourteenth-month payment, which Inps generally pays in July to pensioners who meet all the required conditions by July 31, 2026. For those who meet the necessary conditions from August 1 onwards, payment will be made in December.
For whom
The benefit is not intended for all pensioners. Beneficiaries include holders of pensions covered by the Assicurazione Generale Obbligatoria and related substitute, exclusive, or exempt schemes, who are at least 64 years old and have a total income not exceeding twice the annual minimum treatment of the Fondo Pensioni Lavoratori Dipendenti.
Excluded are those who exclusively receive welfare benefits, such as assegno sociale, pensione sociale, and treatments for civil invalids, blind, and deaf-mutes. Also excluded from the measure are pension accompaniment benefits, including Ape Sociale and assegni di esodo.
Expected amounts
The amount of the fourteenth-month payment varies based on years of contribution, type of activity performed, and pension income. Amounts range from a minimum of 336 euros to a maximum of 655 euros.
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For pensioners with incomes up to one and a half times the minimum treatment, the additional payment will be:
- 437 euros for employees with up to 15 years of contributions and self-employed with up to 18 years;
- 546 euros for employees with contributions between 15 and 25 years and self-employed between 18 and 28 years;
- 655 euros for employees with over 25 years of contributions and self-employed with over 28 years;
- for those with incomes between one and a half and two times the minimum treatment, the amounts decrease respectively to 336, 420, and 504 euros.
Irpef
In addition to the fourteenth-month payment, many pensioners could also benefit from Irpef refunds related to model 730. Unlike employees, who often receive credits already in their July payslip, pensioners generally see refunds starting from their August payslip, although in some cases the credit may be delayed until September.
The timings depend on the date of submission of the income tax declaration and the time required for Inps to process the information transmitted by the Agenzia delle Entrate.
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