To make a correct Income statement, it is always necessary to pay attention to all our personal circumstances. This influences multiple sectors: people with children, the disabled, homeowners… and also those taxpayers who have contracted a pension plan.
In this group, the peculiarity for Income for the year 2020 is even greater: it is the last one in which the current reductions allowed by the Tax Agency will be in force. As a general rule, 8,000 euros or 30% of the income from work or economic activities in the general tax base, the lesser of these amounts.
It also allows the taxpayer to deduct up to 2,500 euros from the contributions to the spouse’s pension plans if their work income does not exceed 8,000 euros.
For fiscal year 2021, this will change. in these reductions: to 2,000 euros in own pension plans and 1,000 in spouses’ pension plans, so this is the one with the highest margin.
Having this clear, and being in some of the assumptions that give rise to the application of these reductions, we can face the declaration. The one in which he explains to taxpayers how to make the declaration correctly: from family and personal data to the and .
In order to be able to take advantage of the deductions that pension plans allow: they are those that go from 462 to 476 and that include both their own pension plans and the spouses’ pension plans.
In this part of the draft, as in the rest, you have to focus on two things: check that the information that appears in the boxes is correct and, in case it is not correct or details are missing, add them ourselves to be able to take advantage of those deductions. that pension plans allow us.
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