Although they are very similar, Pension Plans taken out by holders living in the Autonomous Community of Navarra have variations in the tax deduction limits.
When the holder is at least 50 years old, all contributions, periodic or extraordinary, made to the pension plan are deducted from the Personal Income Tax with a tax base up to a maximum of 2,000 euros and provided that the amount contributed does not exceed 30% of net employment income.
When the holder is aged over 50, all regular and one-off contributions made to the pension plan are deducted from the personal income tax base up to a maximum of 5,000 euros, provided that the amount contributed does not exceed 50% of net employment income.
Business contributions attributed to unit holders have their own, independent limit of 5,000 euros per year.
Wife/husband: if the unit holder has a spouse with an income to be included in the tax base of less than 8,500 euros, he or she may deduct the contributions made by the spouse who holds the plan by up to a maximum of 2,000 euros per year. This is a joint limit for contributions made to plans, mutual social welfare funds and insured benefit plans in which the spouse is a policyholder or holder.
Disabled people— people with a physical disability of at least 65%, a mental disability of at least 33% or who are legally declared to be disabled regardless of the degree)—may deduct their contributions to the plan from the tax base up to a limit of 24,250 euros. This is a joint limit for contributions made to plans, mutual social welfare funds and assured benefits plans.
People who are related to or who are guardians of the disabled person may deduct the contributions made to disabled people from their tax base, with a maximum annual limit of 10,000 euros.
Total deductions made by all persons who make contributions in favour of the same disabled person, including those of the disabled person himself, may not exceed 24,500 euros per year.