Pension plan for Spanish freelancers: up to €5,750 deductible from income tax
Since 2023, Spanish freelancers can access Simplified Employment Pension Plans (PPES). The deductible limit rises from €1,500 to €5,750 per year. Here's everything you need to know.
TL;DR
Individual plan: up to €1,500/year deductible (any bank or manager)
PPES (simplified employment plan): up to €5,750/year, nearly 4× more
Reduces the IRPF taxable base — not a direct reduction from the tax bill
Real saving: between €1,380 and €2,700 depending on your marginal bracket
From 2025 you can withdraw contributions over 10 years old without retiring
Box 465 (individual) or 466 (PPES) in the Renta · excess carried forward 5 years
What changed in 2023?
Until 2022, as a freelancer, the limit for deducting pension plan contributions was just €2,000 per year. A figure most didn't even use because it was almost symbolic compared to the real IRPF they were paying.
Law 12/2022 introduced Simplified Employment Pension Plans (PPES) for self-employed workers. These plans, promoted by freelancer associations or professional colleges, allow an additional €4,250 limit on top of the general €1,500 — totalling a maximum of €5,750 deductible per year.
How much do you actually save?
The pension plan doesn't directly reduce the tax bill you pay to the AEAT — it reduces the taxable base on which IRPF is calculated. That means the real saving depends on your marginal bracket: the more you earn, the more you save per euro contributed.
Contributing the maximum €5,750 per year, the estimated saving ranges from €1,380 (24% bracket) to €2,703 (47% bracket).
How the plan reduces your IRPF
Plan contributions are subtracted from the general IRPF taxable base, alongside the annual RETA and other deductions. Tax is calculated on what remains. Here's how the full chain works:
What about when you withdraw the plan? When you receive the plan in the future, that money is taxed as employment income in your IRPF for that year. The advantage isn't "not paying" but deferring: the money grows for years and when you withdraw it, typically at retirement, your marginal rate tends to be lower.
Requirements to apply the €5,750 limit
The expanded €5,750 limit (€1,500 + €4,250 additional) only applies if contributions go to one of these instruments:
A
Simplified Employment Pension Plan (PPES)
Promoted by freelancer associations (ATA, UPTA, professional colleges…). The newest and most widespread since 2023.
B
Sectoral employment plan
Plans promoted by sectoral agreements. Requires joining the plan by reason of your specific professional activity.
C
Employment plan of which you are both promoter and participant
If you've incorporated a company and you are the individual entrepreneur promoting the plan. Less common for pure freelancers.
⚠️ Important
The additional €4,250 limit is not multiplied if you contribute to several of these instruments. The cap is €4,250 in total, regardless of the combination of plans.
How to declare it in the tax return
1
Keep the contributions certificate
The plan manager sends you an annual certificate with the total amount contributed. It's the supporting document for AEAT — without it you can't apply the deduction.
2
Access Renta Web (AEAT) and find 'Reducciones'
Under General taxable base → Reductions → Contributions to social welfare systems.
3
Use the correct box
Box 465 for individual plans. Box 466 for PPES and employment plans. Don't mix them in the same box.
4
Renta Web applies the limit automatically
If the deduction exceeds 30% of your net income, Renta Web caps it and calculates the excess to carry forward to the next 5 tax years.
How to record it in Autónomo Simple
Once you enter the annual amount contributed to your plan, the app automatically deducts it from the taxable base in the Modelo 100 calculation and in the estimated IRPF shown in reports. The saving is reflected in real time.
🧮
Autónomo Simple — Pension plan
Settings → Annual tax data
⚙️
Go to Settings → Annual tax data
Tax section for the current year.
💼
Select the plan type
Individual (€1,500), PPES (€5,750) or Both.
💶
Enter the amount contributed
Update it each time you make a contribution. The app applies the legal limit automatically.
📊
Estimated IRPF recalculates instantly
Modelo 100 and annual reports reflect the real saving.
Yes, they are compatible and complementary. You can contribute up to €1,500 to an individual plan and up to an additional €4,250 to a PPES. The combined cap is €5,750/year regardless of how many instruments you use.
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When can I withdraw the money?
From 2025 you can withdraw contributions with at least 10 years of seniority without needing to retire. Contributions made in 2015 are already withdrawable. When you receive them, they'll be taxed as employment income in your IRPF for that year.
P
Does the deduction apply in Modelo 130 or in the annual tax return?
Only in the annual Renta (Modelo 100). Modelo 130 uses a provisional quarterly calculation and doesn't incorporate this reduction directly. However, if your real annual IRPF is lower thanks to the pension plan, the Renta result will be more favourable and will offset the instalment payments already made.
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What if I contribute more than the legal limit?
The excess isn't lost: it can be carried forward to the next 5 tax years and deducted then, as long as there's sufficient taxable base and the 30% net income limit isn't exceeded.
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Where can I find a PPES for freelancers?
The main associations like ATA and UPTA already offer their own PPES. Specialist managers (Indexa Capital, among others) also run plans for freelancer collectives. Always verify the plan is registered as a PPES with the DGS to be able to apply the €5,750 limit.
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How do I declare it in the tax return?
Box 465 for individual plans and box 466 for PPES/employment plans. Renta Web calculates it automatically once you enter the amounts. The annual contributions certificate sent by the manager is the supporting document.
In summary
The PPES is the best tax news for freelancers in years. If your profit exceeds €20,000, contributing €5,750 this year can save you between €1,700 and €2,700 in IRPF — money that also keeps growing until your retirement.
📌 To remember
Three concrete steps: (1) find a PPES in your freelancer association or sector, (2) calculate how much you can contribute without exceeding 30% of your net income, and (3) enter it in the app so your estimated IRPF reflects it right away.
