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V0216-24 27 February 2024 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · contingencia de jubilación

Determining when the retirement contingency occurs for the application of the 40% reduction

The applicant asks when the retirement contingency is deemed to occur for the purpose of applying the 40% reduction for contributions made prior to 2007. The Directorate-General for Insurance and Pension Funds (DGT) responds that the contingency occurs upon accessing initial retirement or, in the case of active retirement, when full pension payments are reinstated.

The question raised

For the purposes of applying the 40 percent reduction provided for in the transitional regime, when is the retirement contingency considered to have occurred.

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