23. Individual savings plans

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

The income that becomes apparent at the time of the constitution of insured life annuities resulting from the systematic individual 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 systematic individual savings plans under 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 .