Fringe benefits 2023 – in-depth analysis of contributions to the Previr-Pastore pension fund
- Studio Piceci
- November 24, 2023
- Reading time: 2 min
News Flash No. 38/2023
Following further investigation and clarification, we would like to inform you that the contribution paid to the Previr-Pastore as insurance premiums for non-occupational accident riskare considered compensation in kind, not subject to contributions, for which the relative amount will contribute to the total amount of exempt fringe benefits up to the threshold limit of €258.23, or the higher threshold limit of €3,000.00 provided for by the legislator for 2023 only for workers with dependent children.
Consequently, if the sum of fringe benefits, including contributions paid to the Previr-Pastore institution, exceeds the exemption threshold, the entire value will be considered for the purposes of determining the amount subject to taxation, which will differ from the amount subject to contributions in the presence of compensation in kind relating to insurance premiums not subject to social security contributions (premiums subject only to solidarity contributions, such as the contribution paid to the Previr-Pastore institution).
During the adjustment phase, if the total amount of compensation in kind exceeds the relevant exemption limit, the amount of insurance premiums will be considered as deductible expenses at a rate of 19% on a maximum amount of €530.00, which rises to €750 for premiums relating to death risk insurance covering persons with severe disabilities.