Issue link: https://maltatoday.uberflip.com/i/739617
9 Budget 2017 maltatoday, TUESDAY, 18 OCTOBER 2016 PENSIONS AND BENEFITS INCREASE In-work benefit Income categories Present rates New rates Single parent Working Rates €6,600-€14,999 Maximum of €1,200 Increased by €50 €15,000-€16,500 €0 Increased by €50 Two parents Both working Rates €10,000-€20,399 Maximum of €1,000 Increased by €200 €20,400-24,000 €0 Increase by €100-170 Two parents One parent working Rates €6,600-€9,499 Maximum €150 Increased by €350 €9,500 – €11,999 Maximum €150 Increased by €300 €12,000 - €12,699 Maximum €1500 Increased by €250 €12,700 - €12,999 €0 Increased by €250 €13,000 - €13,999 €0 Increased by €150 €14,000 - €14,999 €0 Increased by €100 €15,000 - €16,500 €0 Increased by €52 Pensions: scenarios of reductions Single pension income of €19,200 2017: Non-taxable pension of up to €10,500 Income Current tax Tax in 2017 Reduction in tax DSS pension €11,000 €285 €75 €210 2018: Non-taxable pension increased to €13,000 Income Current tax Tax in 2017 Reduction in tax DSS pension €11,000 €285 €75 €210 Treasury pension €3,000 €450 €150 €300 Married pension income of €21,500 2017: Non-taxable pension of up to €13,000 Income Current tax Tax in 2017 Reduction in tax Treasury pension €3,000 €195 €150 €45 €500 additional income from any source, tax-free (15%) €75 2018: Non-taxable pension of up to €13,000 Income Current tax Tax in 2017 Reduction in tax Treasury pension €3,000 €195 €150 €45 €1,000 additional income from any source, tax-free (15%) €150 Single pension income of €16,000 2017: Non-taxable pension of up to €10,500 Income Current tax Tax in 2017 Reduction in tax DSS pension €13,000 €585 €375 €210 2018: Non-taxable pension increased to €13,000 Income Current tax Tax in 2017 Reduction in tax DSS pension €13,000 €585 €0 €585 Single pension income of €16,000 2017: Non-taxable pension of up to €10,500 Income Current tax Tax in 2017 Reduction in tax DSS pension €13,000 €585 €375 €210 2018: Non-taxable pension increased to €13,000 Income Current tax Tax in 2017 Reduction in tax DSS pension €13,000 €585 €0 €585 Married pension income of €18,000 2017: Non-taxable pension increased to €13,000 Income Current tax Tax in 2017 Reduction in tax DSS pension €16,000 €495 €450 €45 €500 additional income from any source, tax-free (15%) €75 2018: Non-taxable pension increased to €13,000 Income Current tax Tax in 2017 Reduction in tax DSS pension €16,000 €495 €450 €45 €1,000 additional income from any source, tax-free (15%) €150