After retirement, if I can get a pension of more than 5,000 yuan per month, should I pay personal income tax? Pension benefits are completely exempt from personal income tax. Of course, we all know that the starting point for personal income tax is 5,000 yuan, which means that individuals who earn more than 5,000 yuan are required to pay personal income tax to a certain extent. However, this is only a regulation for employees. If you are not an employee but a retiree, then you receive social security pension benefits. Even if it exceeds 5,000 yuan, you do not need to pay personal income tax.
After many people retire from their workplaces, their pension benefits are generally relatively high. For example, because their working years are relatively long, reaching more than 40 years, and their average payment index is also relatively high, compared to For example, if the basic pension insurance is paid at a level of 100% or higher, then in this case, after retirement, the level of pension received is generally relatively high. It is normal for many people to have a pension that reaches or even exceeds 5,000 yuan after retirement.
But we don’t need to worry. The issue of paying personal income tax is because for retirees, pension benefits are completely exempt from personal income tax. There is no doubt about this. As any retiree, as long as you enjoy social security pension benefits, you are completely exempt from personal income tax. However, some people may choose to continue working after retirement and continue to re-employ. In principle, the labor remuneration received after re-employment after retirement is required to pay personal income tax.
However, our pension benefits do not require the payment of personal income tax. Even if you exceed the retirement income level of more than 5,000 yuan, you do not need to pay personal income tax. However, as an employee, many employees have a deep understanding. For example, if his salary exceeds the standard of more than 5,000 yuan after deducting five insurances and one fund , then he needs to pay personal income tax. After deducting the five social insurances and one housing fund, most individuals whose salary does not exceed 5,000 yuan do not need to pay personal income tax.
At present, the starting point for personal income tax is 5,000 yuan, but it is only for the collection of our wages and does not include the collection of pension benefits for retirees. Therefore, retirees can rest assured. Of course, if you continue to re-employ after retirement, if the labor remuneration you receive exceeds 5,000 yuan, you will indeed need to pay personal income tax, but our pension will not be paid. It is still completely exempt from personal income tax. Most retirees actually have a pension level of over 5,000 yuan after retirement. The proportion of individuals with pensions exceeding 5,000 yuan is actually very small. Almost many people cannot reach a level above 5,000 yuan. Therefore, most people have nothing to do with this so-called personal income tax threshold, because their pension may only be two to three thousand yuan. In other words, three to four thousand yuan is completely different, and 5,000 yuan is still a big gap.
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