Tax on Italian pension fund payouts — benefits, advances and withdrawals
Italian supplementary pension benefits are taxed through a final withholding tax of 15%, cut by 0.30 points for each year of membership beyond the fifteenth, down to a floor of 9% after 35 years. It applies only to the part not yet taxed: returns already taxed inside the fund and contributions you did not deduct are left out. Advances for buying a first home or for other needs, and withdrawals for reasons other than unemployment, disability or death, are taxed at 23% instead.
2026 rules — verified on September 25, 2026Free, no account
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Sources and assumptions
- Gazzetta Ufficiale — D.Lgs. 5 dicembre 2005 — tax year 2026, verified on September 25, 2026
Excerpt from the source : « Sulla parte imponibile delle prestazioni pensionistiche comunque erogate e' operata una ritenuta a titolo d'imposta con l'aliquota del 15 per cento »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « ridotta di una quota pari a 0,30 punti percentuali per ogni anno eccedente il quindicesimo anno di partecipazione a forme pensionistiche complementari »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « per ogni anno eccedente il quindicesimo anno di partecipazione a forme pensionistiche complementari »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « con un limite massimo di riduzione di 6 punti percentuali »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « e' operata una ritenuta a titolo d'imposta con l'aliquota del 20 per cento »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « ridotta di una quota pari a 0,25 punti percentuali per ogni anno eccedente il quindicesimo anno di partecipazione a forme pensionistiche complementari »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « con un limite massimo di riduzione di 5 punti percentuali »
- Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026
Excerpt from the source : « Sull'importo erogato, al netto dei redditi gia' assoggettati ad imposta, si applica una ritenuta a titolo di imposta del 23 per cento »
Calculation assumptions
- The pot built up from 1 January 2007 onwards. Earlier amounts follow transitional rules, and years of membership before 2007 may count differently: the calculation does not separate them.
- You enter the part already taxed (returns taxed inside the fund and contributions not deducted) yourself: the pension fund reports it.
- The early temporary supplementary annuity (RITA) is not calculated, nor is the tax on each instalment of a life annuity, which the fund works out year by year.
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This result is provided for information purposes only and does not constitute personalised tax advice. Check your situation with the tax authorities or a professional.