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Royal Decree 39/2026 establishes a limit on the initial amount of public pensions for the 2026 financial year, pursuant to Royal Decree-Law 16/2025. This limit applies to Social Security pensions, State Civil Service (Clases Pasivas) pensions, and other social benefits. The measure aims to regulate pension indexation and prevent potential inflation in their initial amounts.
Public pension beneficiaries will see a reduction in their initial amounts starting 1 January 2026. Public administrations must adjust their indexation processes in accordance with the new limit. Pension advisors must inform clients about the change in initial amounts and the resulting effects on the total amount received. State Civil Service workers are also affected by this limitation.
The tax team reviews your specific situation.
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