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V0030-25 ·15 January 2025 ·consulta-vinculante Low impact
Tax

The 40% reduction for the redemption of pension plans may be applied to benefits from different plans in different fiscal years

The DGT confirms that the 40% reduction can apply to benefits from different pension schemes in different years, but warns that transferring solely for tax savings may be seen as simulation or a conflict with the law.

In 6 key points

How it affects those involved

Transferring pension funds for tax savings may be deemed fraudulent or a breach of the law if the sole purpose is fiscal benefit.

Lifecycle

2025-01-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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