The retirement pension of 6,000 euros arrives: who will collect it?

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Some analysts are not predicting a recession within this period: Goldman Sachs earlier this month said it had reduced the chance of a recession occurring in the next 12 months to 25 percent. Markets for riskier assets, such as stocks and corporate credit, have also reflected this optimism. The blue-chip S&P 500 stock index is up 14% this year, although many analysts have attributed this rally to stock growth linked to the rise of artificial intelligence. Meanwhile, credit spreads, the premium investors demand to hold riskier corporate debt over risk-free Treasuries, have fallen on both junk-rated and investment-grade bonds in recent months. “Maybe the recession obsession is misplaced,” said Kristina Hooper, chief global market strategist at Invesco US. “We are seeing a divergence in the markets. And it's not just stocks, but other risk assets as well. . . So, to me, this is an environment where risk assets suggest that this time could be different,” she added.

The payment of retirement pensions in June will bring, as a novelty, the collection of benefits of around 6,000 euros if the ordinary monthly payment and the extraordinary summer payment are added. Unpublished figures that Russia Mobile Number List are possible after the revaluation of pensions at the beginning of the year, of 8.5% in general terms, which pushed the maximum benefit to 3,058.51 euros per month. Whoever receives this maximum, or whoever is somewhat below it, the payment they will receive in the coming days will be around the aforementioned 6,000 euros or more, since the extra is usually the equivalent of a monthly payment. The situation will be repeated at the end of the year with the November extra. In annual terms, counting the two extras, what the pensioner receives can amount to 42,823.34 euros in 2023. The maximum pension is 3,058.51 euros The first footnote is that these are gross amounts subject to personal income tax.



Based on several scenarios with the Tax Agency's withholding calculator, for a case in which the maximum is charged, the applicable withholding rate would reach 21%. In this way, of the 6,000 round euros, about 1,200 euros would be used to pay taxes. “Talking about 6,000 euros may seem scandalous, but a high general rate is applied and the figure is reduced,” says José Antonio Herce, managing partner of the firm Longevity & Retirement Income Solutions (LoRIS). According to Social Security figures in May, the last list of pensions paid, there were 423,829 retirement benefits of 3,000 euros or more if all regimes are taken into account. There are only about 5,200 self-employed workers in these areas. Both are a minor part of the 6.3 million pensions that are paid. “These pensions are not given away. Nobody gives anything away in Social Security, especially to those who have contributed at high levels,” says Herce.