Slovakia raises tax‑deduction limit for working pensioners and tweaks parental pension payout

The Slovak parliament approved a comprehensive amendment to the social insurance law that will take effect on 1 January 2027. The deductible amount for pension‑related contributions is increased from €200 to €300 per month, meaning that working pensioners who earn up to that amount will no longer pay any social‑insurance contributions on those earnings. The change also introduces a higher ceiling for high‑earners, raising the maximum assessment base from 7‑ to 11‑times the average wage.

In parallel, the law reforms the parental pension system. Beginning in 2026, the former automatic parental pension is replaced by a tax‑credit scheme: children can allocate 2 % of their paid income tax to one or both parents. Payments are made by the Social Insurance Agency after the child files a tax return, with the first disbursements scheduled for 2026 based on filing dates. The new rules specify eligibility criteria, minimum amounts and procedural requirements for parents receiving the credit.