New tax rules affect your pension in 2025

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New tax rules affect your pension in 2025

2025 has just begun but it is clear that several changes are to be expected, especially when it comes to deductions that affect your wallet.

New tax rules make it even more profitable to work longer and wait to draw the pension full-time.

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New tax rules in 2025 – how your pension will be affected

According to the Pensions Authority’s compilation, the 2025 tax rules show that both salary and pension may be affected for the country’s seniors.

– What affects the pension the most is what you have earned throughout your life, whether you had an occupational pension and at what age you choose to draw a pension. But it is also important to keep track of the various tax regulations that affect salary and pension, says the Pensions Authority’s analyst, Stefan Granbomin one press release from the authority.

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Then the pension increases

A new report that they compiled should make it easier for people so that they can more easily make informed choices about salary and pension, says Granbom and refers to the report “Pension and tax 2025 – Tax deductions for pension and salary at different ages”.

– Tax on salary is lower than tax on pension, so you can profit from working longer. In 2025, the enhanced employment tax credit will be increased, which means that working a few years longer can make even more of a difference. If you work longer, you earn more for your pension. This also applies if you both draw a pension and continue to work, for example, part-time.

READ MORE: This way you will avoid a tax hit on your pension in 2025

Four things stand out from the Pensions Authority’s report

The major changes, and thus perhaps the most important, are the tax rules relating specifically to the pension in 2025.

Here are the Pensions Agency’s four most important points from the report:

  • Enhanced employment tax credit is further increased for those who work.
  • The increased basic deduction is increased further. A person who has turned 66 at the beginning of the income year receives, in addition to the basic deduction, an increased basic deduction, which results in lower income tax. Increased basic deduction and enhanced employment tax deduction apply to people born in 1958 and earlier.
  • Lower marginal tax on high incomes. Individuals with a relatively high income may pay lower income tax on the extra income.
  • The strata limit, the limit for when an individual must pay state tax, is being moved up. The income limit is adjusted upwards as incomes and inflation rise in society.

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