24. Work income derived from benefits obtained in the form of income by people with disabilities corresponding to contributions to social security systems and contributions to protected assets

Regulations: Art. 7.w) Law Income Tax

The income from work derived from benefits obtained in the form of income by people with disabilities corresponding to contributions to social security systems referred to in article 53 of the Income Tax Law is exempt, up to a maximum annual amount of three times the public indicator of multiple-purpose income (for the year 2020 this amount is the result of 7,519.59 x = 22,558.77 euros).

The annual amount of the public indicator of multiple-effect income (IPREM) is 7,519.59 euros, in accordance with the provisions of the one hundred and nineteenth Additional Provision of Law 6/2018, of July 3, on the General State Budget for the year 2018 (BOE of the 4th), since said budgets have been extended for 2020.

Likewise exempt, with the same limit as that indicated in the previous paragraph, are income from work derived from contributions to protected assets referred to in the Eighteenth Additional Provision of this Law.

Clarifications:

These employment benefits are exempt from this type of income provided that such benefits derive from contributions made to pension plans established in favor of persons with a degree of physical or sensory disability equal to or greater than 65 percent, a mental disability equal to or greater than 33 percent, or with a judicially declared incapacity. If at the time of receiving the benefit you are recognized as having a mental disability of less than 33 percent, even if the contributions to the pension plan have been made under the special regime, the exemption will not apply.

It should also be noted that benefits derived from contributions made to pension plans under the general system will not be eligible for this exemption, even if the taxpayer has been recognised as having a disability. In this regard, consolidated or economic rights generated with contributions made to pension plans of the general regime can in no case be covered by the special regime provided for pension plans in favour of people with disabilities, since the option of the special regime must be prior to the making of contributions.

Note: Since 1 January 2015, the exemption limit is no longer joint and is applied individually and separately for each of the two previous returns.