PIT refund: another 161 thousand forints can hit your hand

Eligible parents can get back up to an additional 161,000 forints in addition to next year’s PIT refund – draws the attention of Grantis, a financial consultant.

As they write, those who save with state-supported forms of pension and self-help savings have received 20 percent of their personal income tax after their annual contributions, which can be up to HUF 280,000 a year. Parents who place the PIT refund of up to HUF 809,000 in the above savings next year will also be entitled to a 20% tax refund on their savings after their personal income tax paid in 2022 – draws the expert’s attention to the words of the expert. Igényesférfi.hu.

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You can come back up to a total of 970,800 forints

After three retirement savings and one self-help savings, savers can get a tax credit. These are

  • voluntary pension fund (ÖNYP), after which a maximum of HUF 150,000 per year,
  • pension savings account (NYESZ), after which a maximum of HUF 100,000,
  • pension insurance, after which up to HUF 130,000,
  • and a health and self-help fund, after which also HUF 150,000

can be reclaimed from PIT.

In order for savers to receive the maximum refund,

  • In the case of ÖNYP and self-help fund HUF 750,000,
  • In the case of NYESZ HUF 500,000,
  • in the case of pension insurance, HUF 650,000

should be set aside for a year. A tax credit is also available for several savings for pension purposes, but in total it cannot exceed HUF 280,000 in one year.

“The PIT refund provides a very good opportunity for savers to take advantage of the maximum tax refund even after their state-subsidized savings”He believes Zoltán Mizsei, the professional leader of Grantis.



According to the expert’s calculations, for example, a parent who receives the maximum PIT refund of HUF 809,00 and spends it on self-care will receive an additional HUF 161,800 from the PIT paid in 2022. This requires two state-subsidized savings, such as a voluntary pension fund savings and a pension insurance. According to the example, the parent pays HUF 500,000 to the former and HUF 309,00 to the latter, for which a 20% tax credit is due. HUF 100,000 after saving to the pension fund and HUF 61,800 after paying into the pension insurance.

A parent who receives a HUF 400,000 PIT refund and will spend the entire amount on his or her savings can expect HUF 80,000 after his or her payments, while a person to whom the tax authority will return HUF 200,000 can increase his or her savings by HUF 40,000 in this way.

“Even with existing or launched retirement savings in 2022, we can make extra payments in addition to regular premiums, savings, for which we can also take advantage of the 20 percent tax credit. As the PIT refund goes directly to the beneficiaries, we can even use it to increase our savings. ” Says a Grantis expert, who added that financial service providers typically do not charge a separate fee for occasional payments either.

Important! – Clarified by NAV about family tax refund

Source: Napidoktor by napidoktor.hu.

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