Pension income deduction

The amount of the deduction based on pensions depends on the sum total of the your taxable wage income and other earned income. The deduction reduces your net taxable earned income in state taxation and municipal taxation.

Amount in 2025:

• In 2025, you can get the pension income deduction if your net taxable earned income is no more than €48,930.
• The maximum deduction is €11,030.
  • If your net taxable earned income is higher than €11,030, the deduction is reduced by 51% of the excess.
  • If your net taxable earned income is higher than €22,500, the deduction is reduced by 19,6% of the excess.

Amount in 2024:

• In 2024, you can get the pension income deduction if your net taxable earned income is no more than €55,927.
• The maximum deduction is €10,920.
  • If your net taxable earned income is higher than €10,920, the deduction is reduced by 51% of the excess.
  • If your net taxable earned income is higher than €22,500, the deduction is reduced by 15% of the excess.