23. Individual savings plans

Regulations: Art. 7.v) and Third Additional Provision Law IRPF

The income that is revealed at the time of the constitution of insured life annuities resulting from the individual systematic savings plans referred to in the third Additional Provision of the Personal Income Tax Law is exempt, as well as in the transformation of certain life insurance contracts into individual systematic savings plans in the terms and with the requirements established in the fourteenth transitional provision of the Personal Income Tax Law

See Chapter 5 for comments on individual systematic savings plans .