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Form 100. Personal Income Tax Return 2022

8.2.2.3.Insured pension plans

The tax base will be reduced by premiums paid to Insured Pension Plans when they meet the following requirements:

  1. The taxpayer must be the policyholder, insured and beneficiary. However, in the event of death, the right to benefits may be generated under the terms provided for in Legislative Royal Decree 1/2002, which approves the Revised Text of the Law on the Regulation of Pension Plans and Funds.

  2. The contingencies covered must be, only, those provided for in art.8.6 of Legislative Royal Decree 1/2002 ((retirement, total and permanent incapacity for work for the usual profession or absolute and permanent incapacity for all work, and serious disability, death of the participant or beneficiary and severe or great dependency of the participant) and, must have as main coverage that of retirement. .

  3. Early withdrawal, whether total or partial, will only be permitted in the cases provided for in the regulations on pension plans.

  4. These insurance contracts must necessarily offer an interest guarantee and use actuarial techniques.

  5. It must be expressly and prominently stated in the policy conditions that this is an Insured Pension Plan. The name Insured Pension Plan and its acronym are reserved for insurance contracts that meet these requirements.

  6. Policyholders may, by unilateral decision, transfer their mathematical provision to another insured pension plan of which they are policyholders, or to one or more pension plans of the individual or associated system of which they are participants. Once the contingency has been reached, mobilization will only be possible if the conditions of the plan allow it.