Budget 2022 – Exemption on pension income

Minister Clyde Caruana has on the 11^th October 2021 presented the Government’s budget for the year 2022.

Pensioners will be entitled to a higher pension income which will be exempt from tax. The maximum amount of pension income will be increased to Eur14,318. Couples receiving a pension and opting to be taxed at the married rates will be entitled to another Eur3,600 tax free amount in respect of other sources of income.