Taxation

The tax advantages of a pension plan refer to the possibility of a participant deduction on your income tax returns the amounts contributed to the plan.

Inputs generate savings in the income tax returns of up to 43% throughout the country, with the exception of Navarre, where the maximum reduction is 42% and the Basque Country, with a cap of 45%.

If receiving disability or retirement benefits in a single payment and having spent more than two years after the first contribution, the participant can apply a tax reduction of 40%. This advantage can be applied only once.

When the benefits of the pension scheme will receive in the form of rent, not only does not apply any deduction in the tax return but that the amount is subject to a withholding tax.