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V0786-25 ·6 May 2025 ·consulta-vinculante Low impact
Tax

40% reduction period for pension scheme expires two years after retirement contingency

The consultant asks whether they can apply the 40% reduction under the transitional regime when withdrawing their pension plan in 2024 following a judicial agreement. The DGT responds that, having retired in 2020, the period to apply the reduction ended on 31 December 2022.

In 6 key points

How it affects those involved

Individuals who retired in 2020 are no longer eligible for the 40% reduction on their pension withdrawal, as the two-year period from the contingency ended in December 2022.

Lifecycle

2025-05-06PublishedPublished 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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