Skip to content
Back to index
V0155-22 2 February 2022 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del trabajo

Potential application of the 40% reduction on pension plan withdrawals under the transitional regime

A taxpayer with contributions made prior to 2007 seeks clarification on whether the 40% reduction can be applied when withdrawing a pension plan following a collective redundancy. The Directorate General of Taxes (DGT) rules that if the withdrawal is made as a retirement advance, the contingency occurs upon the termination of the employment relationship, and the reduction may be applied provided the requirements of the transitional provision are met.

The question raised

Possibility of applying the 40 percent reduction provided for in the transitional regime.

Book your free first meeting