Minister Cristóbal Montoro has recently explained in a press conference more details about the Preliminary Bill for the fiscal reform that was analyzed on Friday in the Council of Ministers. The Government aims to approve this project and its referral to the Cortes during the month of July.
According to the aforementioned statements that have confirmed that the pension plans will maintain their current tax regime, but as a great novelty A single maximum contribution of 8.000 euros per year is set as the deduction limit for these products (in addition, 5.000 euros per year for collective dependency insurance premiums paid by the company).
Currently, participants can reduce the income tax base for their contributions to pension plans up to a limit of 10.000 euros, or up to 12.500 euros for those over 50 years of age.
The Secretary of State for Finance pointed out that said limit will not be increased by the age of the taxpayer, as it has been up to now, and insisted that this measure will have no impact on the average saver, since their contributions are less than this figure of 8.000 euros.
En Canarisk Insurance Brokerage We can advise you on the most appropriate products for your saver or investor profile: Pension Plans, Insured Pension Plans, Savings Insurance, Pias, Investment Funds and term deposits.
Ask us (click here.)