Families

The Plan E includes a set of measures intended to support families, providing them with a higher available income in order to face the current economic difficulties. On the whole, these fiscal measures will amount to 14,000 million Euros between 2008 and 2009.

Furthermore, apart from the budget measures that will improve social protection for families in 2009, those families that have suffered the consequences of unemployment will have the chance to postpone the payment of their mortgages over the next two years.

Video transcript

Crisis has affected me directly. I lost my job three months ago. And things got difficult because I have two children and I am paying a mortgage. My brother in law encouraged me to apply for a subsidy, he told me that the Government was granting aids in order to fight the crisis and help families.

I had heard something about mortgage deferments for mortgage holders going through difficult times. I have searched the Internet and I have found information about the different measures implemented by the Government to boost up economy and employment.

I am going to apply for one of those subsidies for mortgage holders. And, thus, I will just worry about finding a job. Alberto will apply for a mortgage deferment at his bank.

These aids form part of the action line called Families and Companies included by the Government in the Plan E the Spanish Economy and Employment Stimulation Plan.

Visit our site www.plane.gob.es and learn more.

Simulated example of one of the services citizens under similar circumstances may access

  • Partial provisional deferment for mortgage fees

    By implementing this measure, the Government intends to support those mortgage holders that are experiencing special difficulties. Thus, this measure contemplates the possibility to demand a voluntary reduction of the mortgage payments – subject to agreement with the corresponding financial entity granting the loan –, up to 50%, which would be accrued between 1 January [...]

    Ejes: Families

  • 400-Euro reduction in the Income Tax

    400-Euro annual reduction in the Income Tax for each tax payer. This amount will be paid in advance through the reduction of the monthly deductions carried out by employers. In 2008, the deduction in June amounted up to 200 Euros and the rest of amount has been proportionally deduced during the following six months. In [...]

    Ejes: Families

  • Elimination of the Property Increment Tax

    The Property Increment Tax is eliminated as it hinders saving and investments and because it does not exist anymore in nearly any developed country. This will help tax payers save nearly 1,800 million Euros per year from 2009 onwards.
    Beneficiaries
    All tax payers liable to pay this tax. According to official estimates, one million tax payers – [...]

    Ejes: Families

  • Expansion of the period to invest savings home loans

    This measure will serve to expand on the deadline to invest savings home loans that should be used to purchase the first residence or to refurbish the habitual residence, term falling due between 1 January 2008 and 30 December 2010; thus, the aforesaid savings home loans may be invested until 31 December 2010 and this [...]

    Ejes: Families

  • Expansion of mortgage loan periods without further charges for two years

    Subject to agreement between pawner and pawnee, this measure promotes the expansion of the mortgage loan period in the case of those mortgages granted for habitual residence purchase, construction and refurbishment over the two years following its enforcement (April 2008) without commissions. Besides, public deeds proving the extension of the mortgage loan period will be [...]

    Ejes: Families

  • Anticipated deduction on habitual residence purchase

    Tax payers’ deductions will be reduced by two points on demand in order to bring into line the fiscal benefits obtained from Income Tax deductions applied to habitual residence purchase and mortgage fee payments. Thus, if a tax payer has been deducted 15% in his monthly payroll and he decided to apply for this measure, [...]

    Ejes: Families

  • Expansion of the two-year period to transfer habitual residence in order to benefit from tax-exemptions on reinvestment

    By implementing this measure, the Government expands on the enforcement period of tax-exemptions on reinvestment by at least two years so that those who have purchased a new residence in order to sell their habitual one later on may do so without problems. Thus, for purchase and sales operations carried out in 2006, 2007 or [...]

    Ejes: Families

  • Increase of minimum pensions

    During the previous legislature, minimum pensions increased by 30%, the greatest increase ever in our democracy. This increased has been aimed at enabling pension holders to benefit from our resources and economic growth. No retirement pension holder should be living under the poverty threshold. Therefore, during this legislature, the Government will keep on increasing minimum [...]

    Ejes: Families

  • Increase of the scholarships to guarantee access to education

    The Government will increase by 6% the annual budget for scholarships in 2009 in order to guarantee equal opportunities, devoting up to 1,281 million Euros to this. Thus, the maximum income limits to obtain a scholarship and, therefore, more families will benefit from this policy. Students meeting the requirements to obtain a scholarship will be [...]

    Ejes: Families

  • Ongoing development of the System of Attention to Dependence

    On December 2006 the Law for the Promotion of Personal Autonomy and attention to dependent people (the so-called Dependence Act) was approved of and it became the fourth pillar of the Welfare State, after universal health care provision, pensions and education. This Law contemplates the creation of the System for Autonomy and Attention to Dependence [...]

    Ejes: Families