Can a pension be taxed?

Retired citizens on the Internet search bars recently ‘Is there a tax on pension income?’ frequently asks the question. We have compiled a detailed article on what retirees who are waiting for an answer to this question should pay attention to. In which cases can foreclosure occur and in which cases not? Here are the details…

CAN I HAVE A LIEN ON THE PENSION?

In accordance with article 93 of the Social Security and General Health Insurance Law No. 5510, this situation is determined as income, salaries and allowances of the insured and beneficiaries, and their credits derived from the institution as a consequence of the execution of the health Service. The general provisions of health insurance are non-transferable and non-transferable. For more information, you can click on the link http://www.resmigazete.gov.tr/eskiler/2006/06/20060616-1.htm.

In accordance with this article, we can briefly summarize what has been stated in that it is not possible to seize the pension without the consent of the retiree in accordance with the law. So, in what situations can a foreclosure take place?

UNDER WHAT CIRCUMSTANCES DOES A FOREIGN HAPPEN?

According to the law, the pension cannot be executed without the consent of the pensioner. However, there are situations that result in a pension lien. Consequently, in accordance with article 88 of Law No. 5510 on Social Security and General Health Insurance, the Social Security Institution can execute credits such as pensioner premium and Social Security Support Premium, if any.

Based on their claims, the Social Security Institution may seize a quarter of the wages of those who owe money to the Social Security Institution and are awarded a pension. In such a situation, the amount of salary to be attached may not exceed 25 percent of the pension.

In turn, the pension cannot be seized for reasons other than alimony debts.