Calculable revenues or incomes.
To provide evidence that the income limit requirement is met, income resulting from employment, capital gains, net worth gains and earnings from economic activities, under the provisions of article 59 paragraph 1 of the LGSS will be considered in order to recognise entitlement to minimum pension supplements, according to the following rules:
- From 1 January 2013 onwards, income from employment (which, for these purposes, includes Social Security benefits, pensions and other entitlements from Mutual Societies for social insurance, such as retirement, disability allowance, widow/widower's pension and others) or economic activities will be calculated as their net value (net income). Additional provision 14 of the Consolidated Text of the LGSS introduced by final provision 7 of Law 27/2011, of 1 August, amending art. 14 of RD 1335/2005, of 11 November, regulating Social Security family benefits.
- The total amount of income from investment capital will be considered.
- For investment capital income, the total amount of income will be considered, less deductible costs according to tax legislation.
- For capital gains, only net gains with a positive balance deriving from the sale of personal property (shares, investment funds, etc.) or real estate property are considered.
- Exempt income referred to in paragraphs a), b), c), d), e), i), j), n), o), q), r), s), t), x) and z) of article 7 of the revised text of the IRPF Act will not be calculated, nor will the family benefits referred to in paragraph h) of the above article, or the third person's supplement amount in the event of severe disability pensions.
- To calculate income, income received by the beneficiaries during the tax year prior to birth or adoption (single payment benefit) or the application presentation date (economic allocation per child or minor in foster care) shall be considered.
- For abandoned minors or double orphans, only the income they receive will be considered, providing that they are not in permanent foster care or pre-adoption guardianship.
- In the event that both parents, adoptive parents or foster carers live together, their annual income will be considered jointly. For such purposes, it is presumed that the spouses live together, unless evidence is provided to the contrary, and in no case whatsoever will a lack of cohabitation be considered when temporary and circumstantial separation arises as a result of work or other similar causes.
- When cohabiting with just one parent or adoptive parent, in the event that one parent dies or the marriage is annulled or the couple is legally separated or divorced, income that the beneficiary receives for dependent children as their legal representative and that is received as part of the orphan's pension and the family members' pension for grandchildren and siblings of the originator, shall not be considered.