The Tax Agency has confirmed that pensioners with income below 22,000 euros annually from a single payer are exempt from filing their income tax return in the 2025 campaign for employment income.
This measure alleviates the administrative burden for most retirees, although the regulation establishes important nuances according to the structure of the income received during the fiscal year.
Limits change with multiple payers
When there are two or more payers, the exemption threshold drops to 15,876 euros annually. This reduction applies as long as at least one of those payers exceeds the figure of 1,500 euros.
Non-contributory pensions also do not require declaration, given that their amounts do not reach the minimums established by the tax authority to be subject to this procedure.
The taxpayer's minimum is set at 5,500 euros. This amount increases to 6,700 euros for those over 65 years of age and reaches 8,100 euros for those over 75 years of age.
New paths for early retirement
Royal Decree 402/2025, of May 27, regulates access to early retirement without the application of reduction coefficients. A commission will evaluate each case after requesting reports from different bodies.
People with a disability rating equal to or greater than 65 percent can access this modality without a reduction in pension if they meet the contribution requirements.
Firefighters with a minimum of 35 years of effective service can retire at 59 years old. A reduction coefficient of 0.20 is applied for each year worked, without this penalizing the final pension amount.
The ordinary retirement age in 2026 will be 65 years for those who have contributed 38 years and 3 months. For those who do not reach that period, the required age rises to 66 years and 10 months.
The legal age will continue to increase progressively until it reaches 67 years in 2027.