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We wrote in detail about the pension savings tax credit this week:
We also wrote about the tax credit for pension insurance:
The government is helping self-sufficiency with a tax credit and taking on administrative burdens, and as a result of the measures, more than 910,000 people have benefited from a total tax credit of almost HUF 43 billion this year after their payments in 2019, Izer Norbert said.
Applying for the tax credit is extremely easy, stressed the Secretary of State. As you said: in the Hungarian e-PIT system, uniquely in Europe, the draft declaration contains the lines required to use the discount and the fund account number. Only people who pay in two or more funds have to decide to which fund the tax office will transfer the amount of the refund tax, he added.
The tax credit will be available to people who enter into such a contract later this year, Norer Izer stressed.
The Secretary of State recalled that the tax credit can be used for each payment, which is 20 percent of the payments, but in the case of a voluntary payment of mutual pension funds a maximum of HUF 150 thousand per year, in the case of a savings account for pensions up to 100 thousand (or 130 thousand). and the upper limit is 130,000 HUF. If someone has multiple types of pension savings, the annual limit for the tax credit is HUF 280,000, he explained.
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