Italian pensions increase in March with tax reform and backdated payments

Italian pensions will see net increases in March due to tax reform, with higher take-home pay. The INPS will update pension payments by applying new IRPEF tax rates, effectively reducing the tax burden on beneficiaries. This change primarily benefits those earning over €28,000 annually. March payments will also include backdated amounts for January and February, reflecting the tax adjustments. The tax rate for incomes between €28,000 and €50,000 has been lowered from 35% to 33%.