The pensioner status does not exempt citizens from complying with their tax obligations. That is why this group, made up of millions of people, must be very attentive at the start of the 2021-2022 Income Campaign, which concerns them in the same way as the rest of Spanish taxpayers.
The reason is that pensions are considered in the eyes of the Tax Agency as income from work and, therefore, they are accounted for in the same way as wages and salaries obtained for self-employment, as well as unemployment benefits.
Therefore, all citizens who receive them must attend to the income limits that the Treasury takes to know whether or not they are obliged to present the Income statement.
Thus, all pensioners who have income from work (that is, their pensions) that exceed 22,000 euros per year must submit the Income.
Also those who had two payers (provided that from the second they exceed 1,500 euros per year) and received income from work above 14,000 euros per year. This case is more frequent than it seems and can happen when:
-The pension plan is rescued, which is considered as a second payer.
-Pensions from abroad are received in addition to the national one.
-Pensions and unemployment benefits have been received in the same year.
-Pensions and wages or salaries have been received in the same year.
All those pensioners who receive more than 1,600 euros per year as full income from movable capital and capital gains subject to withholding or payment on account must also present the Income. Here are the investments, the earnings from gambling…
Last but not least, all pensioners who have received (or failing that, one of the members of their family unit) during the financial year will be obliged to submit the Income Statement. This is because it is an essential requirement to maintain the benefit.
Personal income tax exempt pensions
However, the pensioner must also know that there is the other side of the scale and that there are various pensions that are considered exempt from personal income tax and therefore do not count in the overall calculation of the citizen’s annual income. They are the following, in accordance with article 7 of the Personal Income Tax Law:
-Pensions derived from medals and decorations for acts of terrorism.
-Pensions for people mutilated or injured in the Civil War.
-Contributory permanent disability pensions both in their absolute degree and severe disability, and with the exempt limit of the maximum amount of pensions.
-Pensions for uselessness or permanent disability of the Passive Class Regime.
-Pensions and passive assets of orphans and in favor of grandchildren and siblings, under 22 years of age or disabled for all work.
Facebook Comments
Disqus