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V0041-25 ·22 January 2025 ·consulta-vinculante Medium impact
Tax

The 40% reduction cannot be applied to insured pension plans contracted after 2006

An individual who retired in 2023 inquired whether they could apply the 40% reduction when redeeming as a lump sum two insured pension plans contracted in 2012 and 2019. The DGT responds that this is not possible because the contributions were made after December 31, 2006.

In 6 key points

Lifecycle

2025-01-22PublishedPublished 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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