What is the taxation of the disposition of the consolidated rights?

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If collected in the form of income, the pensions received are considered income from work in personal income tax, and will be subject to the corresponding withholding if they exceed the amounts on which there is no withholding obligation.

If it is collected in the form of capital, the amount received has the consideration of income from work in personal income tax, considering that the perceived amount derived from contributions made before January 1, 2007, enjoys an exemption of 40%.

To consult more information regarding the taxation of the Pension Plan, you can go to the website of the Tax Agency:

Tax Agency: Reductions for contributions and contributions to social security systems