8.2.2.6. Maximum annual contributions and reduction limit

1. Annual contributions

   • The set of maximum annual contributions that may give the right to reduce the tax base, including, where appropriate, those that have been charged by the promoters, may not exceed 1,500 euros.

     This limit will be increased in the cases and in the amounts indicated in the following point.

   • In the case of collective dependency insurance contracted by companies to cover pension commitments, an additional limit of 5,000 euros per year is established for the premiums paid by the company.

2. Reduction limit

   As the joint maximum limit for the above reductions, the lower of the following amounts will apply:

   • 30% of the sum of the net income from work and economic activities received individually in the year.

   • 1,500 euros per year.

     This limit will be increased in the following cases, in the amounts indicated:

     1. In 8,500 euros per year, provided that such increase comes from business contributions, or from worker contributions to the same social security instrument for an amount equal to or less than the amounts resulting from the following table based on the annual amount of the business contribution :

     Annual contribution amount	Maximum employee contribution
     Equal or less than 500 euros.	The result of multiplying the business contribution by 2.5.
     Between 500.01 and 1,500 euros.	1,250 euros, plus the result of multiplying by 0.25 the difference between the business contribution and 500 euros.
     More than 1,500 euros.	The result of multiplying the business contribution by 1.

     However, in any case, multiplier 1 will be applied when the worker obtains full income from work in the year exceeding 60,000 euros from the company that makes the contribution, for which purpose the company must notify the managing entity or insurer of the instrument. of social security that this circumstance does not occur.

     For these purposes, the amounts contributed by the company that derive from a decision by the worker will be considered contributions by the worker.

     2. In 4,250 euros per year, provided that such increase comes from contributions to the sectoral pension plans provided for in letter a) of section 1 of article 67 of the consolidated text of the Law on the Regulation of Pension Plans and Funds, made by self-employed or self-employed workers who join said plans due to their activity; contributions to the simplified employment pension plans for self-employed or self-employed workers provided for in letter c) of section 1 of article 67 of the consolidated text of the Law on the Regulation of Pension Plans and Funds; or own contributions that the individual entrepreneur or professional makes to employment pension plans, of which he is a promoter and, in addition, a participant, or to Social Security Mutual Funds of which he is a mutual member, as well as those made to social security plans. business or collective dependency insurance of which, in turn, he is the policyholder and insured.

     In any case, the maximum amount of reduction due to application of the increases provided for in numbers 1 and 2 above will be 8,500 euros per year.

     In addition, 5,000 euros annually for the collective dependency insurance premiums paid by the company.

3. Reduction request

   The participants, mutualists or insured persons may request that the amounts contributed, including, where applicable, the contributions of the promoter that had been attributed to them, that could not have been subject to a reduction in the tax base due to its insufficiency or due to application of the percentage limit, they are in the following five years.

   The request must be made in the personal income tax return corresponding to the year in which the contributions made could not have been subject to reduction.

   The imputation of the excess will be carried out respecting the limits established in the Tax Law.