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V1807-24 ·18 July 2024 ·consulta-vinculante Medium impact
Tax

Transferring rights from occupational pension schemes to individual plans has no tax consequences if requirements are met

A taxpayer inquired about transferring rights from an occupational pension scheme to an individual plan and the tax treatment of partial withdrawals following a collective redundancy. The Directorate General for Taxes (DGT) clarified that the transfer is not taxable if it complies with regulations and that withdrawals are treated as employment income, which may qualify for a 40% tax reduction under certain conditions.

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2024-07-18PublishedPublished 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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