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Why do pensioners have to file the Income Statement?

Date: December 10, 2023 Time: 22:45:09

It does not seem easy to imagine next April 11 a pensioner, for example, a person over 65 who has definitively withdrawn from the labor market, in one of the Tax Agency offices presenting the Income statement corresponding to the year of 2022. However, although it may seem a priori that only self-employed and salaried workers must comply with their annual obligations to the tax, they are not the only ones.

The truth is that those people who receive a contributory pension from Social Security, and exceed certain income thresholds that are detailed below, become part of what the Ministry of Finance and Public Function, led today by María Jesús Montero, from the category of taxpayers. And it is that, contrary to what is usually thought, the Treasury includes pensions as work income.

However, fortunately for a few, there are certain pensioners who are exempt from making the Rent. Corresponds to those who during the 2022 financial year obtained income of less than 22,000 euros, if they were received by a single payer. In the event that more than one has been owned, the threshold is limited to 15,000 euros. Remember that until a year ago, the limit was 14,000 euros. Precisely in this sense, the IRPF law, in its article 7, includes a series of pensions exempt from declaration the presentation of Income.

On the other hand, we must not forget those professionals who have opted for active retirement, which means that last year they maintained some professional activity while receiving the Social Security retirement pension, a pension from abroad; or that they carry out a redemption of their pension plan.

Should pensioners file the Income Statement?

Pensioners who receive an economic benefit from Social Security, as in the case of retirement, are considered payers. Therefore, according to article 96 of Law 35/2006, of November 28, those pensioners who exceed 22,000 euros in their pension have the obligation to present the declaration.

To all this must be added those that increased the full returns on movable capital and capital gains subject to withholding or payment on account, with the joint limit of 1,600 euros per year. Likewise, pensions from abroad appear as a second payer, so in the event that they are greater than 1,500 euros, you must make the declaration. But are not the only ones.

Also those pensioners who have received the Minimum Vital Income or who are part of a family unit where it has been received. And here comes another issue to take into account, especially for those who received a pension during the past year and previously had other income, such as those from a job. During that year you will have income from your salary and from the pension paid by Social Security. Therefore, you must add all of them and you will have to present the declaration if it exceeds 15,000 euros.

* 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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