Many countries have tax facilities for pension savings. These facilities are often associated with the application of … the cash-flow treatment of pensions: pension contributions are tax-exempt, capital income of pension funds is tax …-exempt, and pension benefits are taxed, but usually at a relatively low rate. This paper investigates the revenue effects of a …

old-age pensions in the EU, focusing on both contributions and benefits. Using the microsimulation model EUROMOD, we … importance of pension benefits in old-age income. This paper investigates the impact of taxing public and mandatory occupational … removes pension taxation, the double taxation scenario (TT) fully taxes pension benefits and does not exempt pension …

distributional effects and progressivity outcomes using a static microsimulation model based on data for the 2019/20 tax year. We …South Africa has a progressive broad-based personal income tax system with relatively few tax expenditures. The two … most important are the medical contribution plus additional tax credits for medical expenses, and the deductions allowed …

to this fact, special incentives were introduced. They were strictly associated with tax system, because these … instruments introduced the possibility to minimize the tax base for those, who decided to save for own pension. This article … analyses statistics dates concern these incentives and verifies the hypothesis, whether tax system shall create incentives for …

A series of social benefits targeting vulnerable groups, such as the elderly population, has been implemented in … of microsimulation techniques to evaluate the effect of covering those needs through an increase in pension assistance … reforms and discuss the importance of using microsimulation techniques, in particular to assess the effect of budget neutral …

Low income seniors face extremely heavy tax burdens across Canada, according to a new C.D. Howe Institute report. In …

few years), potentially causing benefits to be severely reduced in the absence of corrective legislative action. Today … (February 2024), projections are made by the Social Security Administration that indicate that future benefits will need to be … curtailment. While Congress will most probably prevent benefits from being reduced for retirees and those nearing retirement, the …

), particularly for the low-income and older individuals. Using simulations of tax and social benefits and public pensions, the paper … shows how the current tax, welfare, and pension systems create disincentives to work among these groups. The paper finds … that incentives to retire early are strong for men, especially low-wage earners. The marginal effective tax rates also make …

Most countries give income-tax concessions to older people relative to people of working age. Some treat pension income … the direct tax burden of older people is lower than that carried by people of working age. At an income equivalent to … economy-wide average earnings, for example, the average tax burden (in the nine countries studied) is ten percentage points …

The move to a subsequent taxation of statutory pensions will be completed in 2040 according to current tax law. By then …, the taxable portion of the statutory pension will increase to 100 percent for new pensioners, while the tax deductibility … a move would lead to tax losses from the state's perspective. Therefore, the legislator might compensate for this …