Skip to content
Back to index
V0163-24 19 February 2024 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · mutualidades de previsión social

Increased €4,250 limit applicable to contributions to social welfare mutual funds

A social welfare mutual fund has requested clarification on whether sole traders or professionals can apply the €4,250 increase to the reduction of their taxable base for contributions. The Directorate General for Taxes (DGT) has ruled that this is possible, provided the requirements and limits set out in the Personal Income Tax Law are met.

The question raised

Possibility of applying the increased limit of 4,250 euros of Article 52.1 of Law 35/2006 for contributions made by sole traders or professionals to the mutual society by virtue of insurance contracts covering the contingencies provided for in Article 8.6 of the recast text of the Law on the Regulation of Pension Plans and Funds.

The DGT's ruling

It is possible to apply the increased limit of 4,250 euros provided for in Article 52.1.b.2. of the Personal Income Tax Law (LIRPF) for contributions made by the sole trader or professional to Social Welfare Mutual Societies of which they are a member. To this end, the requirements for the contributions and the limits established in the current regulations must be met.

Book your free first meeting