Check if before the end of the year you can take steps to reduce your taxation in the IRPF for 2025. One of the options available to you is to contribute money to pension plans.

For these purposes, remember that the amounts you can contribute to your pension plan to reduce the taxable base of your IRPF are as follows:

• The maximum contribution to the personal pension plan is 1, 500 euros.

• In contributions to company plans, this limit is extended by an additional 8, 500 euros, so if your company makes employer contributions on your behalf to one of these plans, the total contributions (to personal and company plans, together) can be up to 10, 000 euros per year.

• And if you are self-employed, remember that you can also make contributions of up to 4, 250 euros to one of the special plans for self-employed individuals that exist. These contributions, together with those made to personal and company pension plans, cannot exceed 10, 000 euros in total either.

Finally, you have the option to contribute up to an additional 1, 000 euros annually to a pension plan for your spouse and also benefit from a reduction. For this, it is necessary that during the year your spouse has not earned income from work or economic activities, or has earned them in an amount less than 8, 000 euros.

If you pay Personal Income Tax at a marginal rate of 45%, for example, and your total contributions to pension plans eligible for reduction have been 10, 000 euros, this will allow you to save 4, 500 euros on your tax bill.

 

Our professionals will guide you if you have any doubts regarding contributions and withdrawals from pension plans.