Cha-Ching for Pensioners: The INPS 155 Euro Bonus is Coming!
Well, folks, mark your calendars and save your pennies! Come December 2024, over 400,000 poor souls, otherwise known as low-income pensioners in Italy, will be banking a sweet bonus of 154.94 euros. Yes, you heard that right. That’s less than a holiday turkey, but let’s not quibble over the details. This is economic help dressed as a festive gift, courtesy of the Italian government through the wondrous machine known as INPS, which stands for “Please give us your pension details.”
What is This Bonus, Anyway?
According to Article 70, Paragraph 7 of Law No. 388/2000 (or as I like to call it, the benevolent law of “here’s a little extra for the old folks”), this bonus serves as vital financial aid for those living on the bare minimum. Everyone loves a good bonus, right? Except maybe the taxman — but don’t worry! This bonus is tax-free! That’s right, both your accountant and your stomach can take a sigh of relief this December.
Who’s Getting the Bonus?
Now, not just anyone can waltz in and collect this bonus like it’s a free sample at Costco. This initiative is reserved for holders of pensions from INPS, including poor employed and self-employed types who have definitely seen better days. Unfortunately, if you’ve been relying on social pensions or redundancy benefits, toss that idea out the window. You’re not on the guest list!
Do You Qualify?
To snag your little bundle of joy (sorry, I mean cash), there are two fundamental requirements:
- ✨ Your total pension must not exceed €7,781.93 a year, which ironically sounds like the salary of an unpaid intern in some countries.
- ✨ Your total income, subject to Irpef—which I think is Italian for “Can you even afford this?”—must be no more than €11,672.90 for the year. Married couples? Your cap is €23,345.79. If you’re over that, congratulations, you’re officially too wealthy for our little bonus party! 🎉
Hey, When Will This Cash Drop?
For those eagerly waiting by their mailboxes, your 154.94 euros will be deposited right along with your pension check, specifically in December 2024. Look out for the glorious phrase: “Additional Amount (Law 23 December 2000 n. 388) – Credit for the Year 2024.” It’s like a secret code that says, “Hey there, lovely pensioner, we remembered you!”
And Wait, There’s More!
But wait, there’s always more! In December, an extra bonus will also go to about 200,000 pensioners who turned 64 after August 1, 2024, but missed the July payments. So if you’ve recently aged into that demographic, look forward to some additional goodies! 🥳
Final Words of Wisdom
For the nitty-gritty, please feel free to visit the official INPS website or contact your favorite organization that seems to understand this labyrinth of laws and paperwork. Because let’s face it, trying to navigate pension laws is like trying to play Twister blindfolded.
Stay updated on all the latest from our team:
In December 2024, economic assistance will reach over 400,000 low-income pensioners in Italy as they will receive a one-time bonus of 154.94 euros alongside their normal pension payment. This financial aid, confirmed to be continued this year, is stipulated in Article 70, Paragraph 7, of Law No. 388/2000 and is crucial for many pensioners who are sustaining themselves on minimum pension benefits.
The bonus is completely tax-free and will be disbursed automatically, calculated based on the current pension amount and the most recent income details stored in the INPS database, provided these records date from 2020 onwards. Furthermore, INPS has announced that an additional financial sum will also benefit approximately 200,000 pensioners who have celebrated their 64th birthday after August 1, 2024.
Who are the beneficiaries of the bonus?
The outlined bonus is available exclusively to individuals receiving pension benefits managed by INPS, which encompasses both employed individuals and self-employed workers. However, it is worth noting that those receiving non-pension benefits, including the Fornero redundancy allowance and various social pensions, are not eligible for this bonus. Specifically, this additional payment does not extend to old-age pensions that are disbursed under the progressive accumulation scheme.
Income requirements to access the bonus
For pensioners to qualify for the 154.94 euro bonus, they must satisfy two pivotal income-related criteria. Firstly, the annual pension amount must not exceed the INPS minimum threshold, currently set at 7,781.93 euros. With the bonus included, the effective limit rises to 7,936.87 euros. If the annual pension surpasses the minimum but remains below this higher threshold, the pensioner is entitled to receive an amount equivalent to the shortfall.
Secondly, the total annual income subject to Irpef must remain beneath the 11,672.90 euro limit for the year 2024. For couples, the combined income ceiling is set at 23,345.79 euros annually. Exceeding these specified income thresholds will result in the forfeiture of the right to this financial bonus.
Payment times
The bonus will be disbursed along with the pension installment scheduled for December 2024, clearly labeled as: “Additional Amount (Law 23 December 2000 n. 388) – Credit for the Year 2024.” For pensioners not covered under the INPS framework, the disbursement will be managed by the appropriate Professional Fund.
More payments coming soon
Additionally, alongside the pension payment for December, those pensioners who turn 64 between August 1 and December 31, 2024, and who did not receive a payment in July 2024, will also receive a supplementary amount. INPS estimates indicate that this provision will benefit more than 200,000 pensioners.
For further information, you can consult the official INPS website or contact your trusted organisation.
Read also:
100 euro bonus December 2024, but the OTP code must be enabled, the guide
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What are the eligibility criteria for the 155 Euro bonus for pensioners in Italy?
**Interview with INPS Representative on the Upcoming 155 Euro Bonus for Pensioners**
**Editor:** Welcome, and thank you for joining us today to discuss the upcoming bonus for low-income pensioners in Italy. To start off, can you explain the purpose of the 155 Euro bonus and who qualifies for it?
**INPS Representative:** Thank you for having me! The 155 Euro bonus is designed to provide financial assistance to low-income pensioners. It’s crucial support for those individuals who may be struggling to make ends meet. To qualify, pensioners must receive a pension managed by INPS, and their total annual pension must not exceed 7,781.93 euros. Additionally, their total income, subject to Irpef, must remain below 11,672.90 euros for the year. For couples, the combined income limit is set at 23,345.79 euros.
**Editor:** That’s helpful! So, for those eligible, when can they expect to receive this bonus?
**INPS Representative:** Great question! The bonus will be automatically disbursed alongside the regular pension payments in December 2024. Pensioners should look for the label “Additional Amount (Law 23 December 2000 n. 388) – Credit for the Year 2024” in their payment notices.
**Editor:** It sounds straightforward! Is there anything else that pensioners should be aware of regarding this bonus?
**INPS Representative:** Yes, in addition to the 155 Euro bonus, we anticipate an extra payment for approximately 200,000 pensioners who turn 64 after August 1, 2024, but missed July’s benefits. This way, we’re ensuring that more of our pensioners are supported during what is often a financially challenging time.
**Editor:** That sounds wonderful! Some pensioners may find the criteria a bit complicated. Where can they get more information or assistance?
**INPS Representative:** Absolutely, navigating these laws can feel overwhelming. We advise pensioners to visit the official INPS website or contact local organizations that can help clarify the details and guide them through the process.
**Editor:** Thank you so much for shedding light on this important initiative. It’s comforting to know that support is coming to those who need it most!
**INPS Representative:** Thank you for having me! We’re committed to ensuring that all eligible pensioners receive the assistance they deserve.
