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Will tax and CSG on pensions go up?


NormanH

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At the moment pensions get the benefit of a 10% automatic reduction before tax is calculated, so if you have a pension of 10,000€ you only pay tax on 9000€.

Similarly the rate of CSG is lower for pensions than for earned income (6.6% as opposed to 7.5%....this can droip to 3.8% or even 0 for the worst off)

The Cour des comptes (a bit like the old Audit commission)  have just published recommendations that these two 'niches fiscales ' or loopholes should be eliminated.

http://www.capital.fr/retraite/actualites/les-niches-fiscales-en-faveur-des-retraites-epinglees-par-la-cour-des-comptes-755844

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