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The Treasury will return to pensioners up to 4,000 euros overpaid in personal income tax for contributions to mutual societies

Date: July 12, 2024 Time: 16:09:52

As a novelty in this 2023-2024 Income Campaign, pensioners of the former mutual societies have the opportunity to request a refund of the overpaid Personal Income Tax (IRPF). This measure is adopted in compliance with the rulings issued by the Supreme Court, which seek to facilitate these pensioners’ access to their tax rights.

How much money can be claimed?

The amount that mutual retirees can recover ranges between 3,000 and 4,000 euros depending on each case. And, to find the figure, you have to take into account the pension income and exactly what part of the pension comes from the contributions they made to the mutual insurance company, which are the ones to which the 25% reduction was not applied.

How to request a refund of improper charges?

The Tax Agency has enabled a simplified procedure for these claims. Through its website, interested parties can complete a form that will allow them to manage their return requests in a simple way and without the need to provide additional information.

The beneficiaries of this measure will recover the excess tax during the period between 2019 and 2023. The Tax Agency clarifies that, in most cases, the amounts corresponding to the year 2023 will be included in the draft income tax return. of that year, which can be presented from April 3.

Documentation necessary for the return in personal income tax

The Treasury has announced that a simple form will be enabled for the resolution of said tax refund claims, something that will be done based on the information available to the Agency, as well as information on the work life of the applicants that the agency collects from Social Security and other organizations.

Therefore, it will not be necessary to attach any type of documentation to the application, since, in general, the Tax Agency will already have the necessary information to resolve the application. However, in the event that it is not possible to resolve a specific request with the information available, interested parties may be required to provide the necessary documentation subsequently.

Both the application form and the information related to this process will be made available to interested parties through the electronic headquarters of the AEAT. This form can be used to request all returns corresponding to the 2019-2023 period, which has not yet expired, although for 2023, in most cases, the calculation will already appear in Renta Web and the adjustment is applied Aticamente in the declaration.

For those cases in which the AEAT does not have sufficient information, it will not be able to offer the calculation in the tax data, but to request the adjustment it will be enough to present the same form used for previous years.

The key ruling on mutual fund contributions

According to the Supreme Court, retirees who receive retirement or disability pensions from the former mutual societies have the right to reduce their income from work in their personal income tax return. This is established in order to avoid double taxation in those cases where contributions to mutual societies could not be previously deducted.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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