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Procedure : 2018/2002(INI)
Document stages in plenary
Document selected : A8-0481/2018

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Debates :

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PV 04/04/2019 - 6.26
CRE 04/04/2019 - 6.26

Texts adopted :


Texts adopted
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Thursday, 4 April 2019 - Brussels
Tax treatment of pension products, including the pan European Personal Pension Product

European Parliament resolution of 4 April 2019 on tax treatment of pension products, including the pan-European Personal Pension Product (2018/2002(INI))

The European Parliament,

–  having regard to the Commission proposal for a Regulation of the European Parliament and of the Council on a pan-European Personal Pension Product (PEPP) (COM(2017)0343),

–  having regard to the Commission Recommendation on the tax treatment of personal pension products, including the pan-European Personal Pension Product (C(2017)4393),

–  having regard to Rule 52 of its Rules of Procedure,

–  having regard to the report of the Committee on Economic and Monetary Affairs (A8-0481/2018),

A.  whereas the internal market for personal pension products remains highly fragmented, in particular as regards tax reliefs;

B.  whereas the study on the feasibility of a European Personal Pension Framework of June 2017 (FISMA/2015/146(02)/D) demonstrates that fiscal incentives are key to the uptake of the PEPP;

C.  whereas Member States have exclusive competence in the area of direct taxation;

D.  whereas in the internal market all providers and products must be treated equally, regardless of nationality or Member State of origin;

1.  Calls on the Council, with a view to enhancing the uptake of the PEPP, to elaborate proposals regarding incentives for PEPP savers;

2.  Suggests that the following approaches be considered:

   analysing existing tax incentives for personal pension products and assessing their costs, effectiveness and redistributive effects, and, where applicable, addressing inefficiencies and regressive effects;
   granting the same tax relief to PEPP as that granted to national personal pension products, even in cases where PEPP features do not fully match all the national criteria;
   granting specific tax relief to PEPP, harmonised at Union level, to be laid down in a multilateral tax agreement between Member States;

3.  Stresses that tax is a Member State competence and that any decision to grant special tax relief to the PEPP therefore remains with each Member State;

4.  Recalls that Member States have the opportunity to take part in enhanced cooperation;

5.  Instructs its President to forward this resolution to the Commission and the Council.

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