In what could prove an ill-advised move, the Czech Finance Ministry has drawn up plans to take away the ability of pensioners to earn up to CZK 24,000 tax-free, while still claiming benefits. The CZK 2.5bn in savings is part of a wider series of measures designed to lighten the budget by CZK 42bn next year. Pensioners have been able to supplement their income without paying taxes to a certain level since 2007. The move would impact roughly 150,000 people.
