The revaluation of contributory pensions for this year, including those for permanent disability, casts lights and shadows for the almost ten million pensioners in Spain. Although it is true that these economic benefits managed by Social Security increase in means by almost 90 euros per month, going from 1,093.13 euros in 2022 to 1,186 euros in 2023, some beneficiaries do not get the accounts.
And it is that one of the questions that has been repeated the most, coinciding with the advance payment of benefits by some banks, between January 24 and 25, is the following: Why haven’t they raised my pension? Well, the truth is that there is an explanation. It is of vital importance to bear in mind that pensions are considered income from work and, as a consequence, are subject to taxation by the Tax Agency, except in some cases.
In the first place, those pensions that do not exceed 22,000 euros per year are exempt from making the next Income statement, corresponding to the year 2022. It is important to bear in mind that pensions are considered income from work and, as a consequence, are subject to tax, except in some cases. Now, here is the crux of the matter. On the other hand, in relation to contributory disability pensions, specifically absolute permanent disability and severe disability, which are those that are exempt from contribution to the Tax Agency in accordance with article 7.f) of Law 35/ 2006, of November 28, of the Personal Income Tax.
Pensions for permanent disability that are not taxed
Within the category of pensions for permanent disability, the Absolute and the Great Disability, they do not have the obligation to have to contribute face to face when making the Income statement in the Treasury. Thus, the 2023 contribution withholding table is not applied to them. However, the same does not occur in the case of Total and Partial permanent disability pensions, to which the corresponding personal income tax is used in each case. .
This has a direct impact when it comes to collecting the pension, since withholdings are applied to the 8.5% increase in each case, which varies depending on annual income, along with other factors, such as being married, divorced, widowed, among others. To understand it better, here is a practical example. In the case of the maximum pension, which this year exceeds 3,058 euros per month or 42,823.34 euros per year for the first time in the history of our country, an IRPF of 18.5% is applied, while the minimum rates They range from 9.5% for pensions of less than 12,450 euros per year.
Amounts of the pension for Major Disability in 2023
With dependent spouse: 1,449.30 per month 20,290.20 per year.
Amounts of the Absolute pension for permanent disability
With dependent spouse: 966.20 per month or 13,526.80 per year.
