Supplementary pensions, tax advantages for the junior bracket

Contributing to the complementary pension fund allows you to deduct the contributions paid (excluding severance pay) from your Irpef income and to benefit from reduced taxation when the pension fund is liquidated, once you reach retirement age.

The contributions paid are deductible from the total income of the person making the payment (including the parent), up to the annual limit of EUR 5,300 for each member (a value that has replaced the threshold of EUR 5,164.57 since 2026).

Concerning reduced taxation at the liquidation stage, it is of particular interest to a young person: the longer the stay in the fund, the lower the final tax burden will be. In fact, the standard rate of 15% is reduced by 0.30 percentage points for each year of participation beyond the 15th year, down to 9% after 35 years.

It is also possible to obtain advances, only in the manner and within the limits provided for by the regulations of the individual funds.

In line with the aim of constituting a supplement to retirement income, the current legislation provides for the possibility of requesting the disbursement of part of the capital accrued in a supplementary pension scheme before the pension requirements are reached ('advance payment') only in certain cases: at any time for extraordinary medical expenses (up to 75% of the accrued capital), or after eight years of enrolment in a supplementary pension scheme for the purchase, or renovation, of one's own or a child's first home (up to 75% of the accrued capital), or for any other personal need (up to 30% of the accrued capital).