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V0296-23 16 February 2023 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del trabajo

40% pension plan reduction depends on contingency timing and DT 12 deadlines

The inquirer asks whether the 40% reduction for contributions made prior to 2007 can be applied when collecting their pension plan in 2029. The DGT explains that the reduction depends on when the contingency is deemed to have occurred and compliance with the deadlines set out in the twelfth transitional provision.

The question raised

Possibility of applying the 40 percent reduction provided for in the transitional regime if, once social security retirement is accessed in 2029, the benefit corresponding to the pension plan with contributions prior to 2007 is collected as a lump sum.

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