The pension slip is the document that allows pensioners to verify the amount paid each month by INPS and to know the reasons why this amount may vary.
In implementation of current legislation, pensions are paid on the first bankable day of the month, with the sole exception of January, when payment occurs on the second bankable day.
Cash payment is only permitted for total amounts up to 1,000 euros net. In the case of holders of multiple pension or welfare benefits, the payment is made with a single mandate.
The crediting of the June 2026 pension installment will be made with value date 1 June. Below is a guide to reading the payslip and the main deductions applied.
Because the net amount may be different from the gross pension
It may happen that the gross amount of the pension on the payslip is different from the one actually credited. The difference generally depends on the withholdings applied by INPS.
Withholdings are divided into two categories:
- Mandatory: required by law or ordered by a judge;
- Voluntary: requested directly by the pensioner on the basis of rules or agreements.
The most frequent mandatory withholdings
Tax withholdings
Tax withholdings represent the most common item on the pension slip. INPS, as a withholding agent, directly withholds the taxes due on pension income and pays them to the State and local authorities.
Some services are not subject to tax withholding, including:
- pensions and social allowances;
- civil disability benefits;
- pensions for victims of terrorism;
- pensions of residents abroad in the presence of agreements against double taxation.
Various tax items may appear on the payslip:
- IRPEF: income tax calculated on the pension, taking into account the deductions due;
- Regional additional IRPEF: generally withheld from January to November of the year following the reference year;
- Municipal additional IRPEF: also normally divided into 11 instalments;
- Additional municipal deposit: withheld from March to November;
- IRPEF debt adjustment: recovery of any tax differences calculated at the end of the year.
Tax withholdings may therefore vary during the year due to local deductions, adjustments and additions.
Alimony or maintenance
In the event of separation or divorce, the judge can establish that a portion of the pension is paid directly to the spouse or children. This deduction generally appears on the payslip under the heading “Food allowance”.
Foreclosures
A creditor can obtain from the judge the recovery of sums owed through the seizure of the pension. For confidentiality reasons, the withholding tax does not appear on the payslip with the wording “garnishment”, but usually as “Mandatory recovery”.
Recovery of pension debts
When the INPS ascertains that it has paid sums that were not due, for example for minimum supplements or social increases, it proceeds with the recovery through installment deductions from the pension.
These withholdings are indicated on the payslip under the heading “Recovery of unpaid debts”. Before starting the recovery, the Institute sends a communication with the reasons and methods of reimbursement.
Voluntary withholdings requested by the pensioner
Adjustment from model 730
If the pensioner presents form 730 indicating INPS as withholding tax, the Institute directly applies any tax adjustments.
In case of credit, the refund is credited to the pension; if a debt emerges, the amount is withheld in installments, generally until November.
Salary-backed loan
The salary-backed loan is a form of loan repaid through a monthly withholding on the pension. The installment cannot exceed one fifth of the pension amount.
On the payslip the item often appears with generic wording such as “Mandatory withholding”, even if it is a voluntary request from the pensioner.
Union membership fees
Pensioners registered with a trade union organization can authorize INPS to withhold the monthly membership fee directly from the pension.
On the payslip this item generally appears as “Association fee”, followed by the union’s acronym.
Voluntary APE recovery
The voluntary APE, a measure that can be requested until 31 December 2019, provided for a pension loan provided by financing institutions.
The repayment occurs through monthly deductions from the pension, for a maximum duration of 20 years. On the payslip the item may appear as “Monthly withholding for voluntary APE recovery”.
How to check your INPS payslip
Carefully checking the pension slip allows you to understand any changes in the monthly amount and precisely identify the deductions applied by INPS.
In case of doubts or anomalies, it is possible to consult the Institute’s online services or contact patronages and CAFs for assistance.