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V1298-23 ·16 May 2023 ·consulta-vinculante Medium impact
Tax

Deadline for 40% pension plan reduction ends 31 December 2024 if early payout is due to dismissal

A query was raised regarding the deadline to apply the 40% reduction for contributions made prior to 2007 following a collective redundancy. The Directorate General for Taxes (DGT) clarified that if the benefit is collected early due to dismissal, the contingency occurs at that moment, and the period to apply the reduction expires within the following two tax years.

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Lifecycle

2023-05-16PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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