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V0818-25 ·16 May 2025 ·consulta-vinculante Medium impact
Tax

Pension payments as employment income cannot benefit from 40% reduction

The consultant asks about the taxation of employment pension benefits received as assured income. The DGT responds that such benefits are considered earnings from work and that the 40% reduction only applies when received as capital.

In 6 key points

Lifecycle

2025-05-16PublishedPublished 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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