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V2676-23 ·2 October 2023 ·consulta-vinculante Medium impact
Tax

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

The inquirer asks about the deadline to apply the 40% reduction when redeeming a pension plan following a collective redundancy. The DGT rules that if the benefit is redeemed early due to the termination of the employment relationship, the contingency occurs at that moment, and the period to apply the reduction expires within the following two tax years.

In 6 key points

Lifecycle

2023-10-02PublishedPublished 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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