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V0365-15 30 January 2015 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del trabajo

40% pension reduction applies only once per tax period

The consultant asks whether the 40% reduction can be applied to a capital payment received in 2015, after having received another in 2013 without applying the reduction. The DGT responds that the reduction can only be granted to capital payments within the same tax period.

The question raised

Possibility of applying the 40 percent reduction to the capital received from another pension plan in 2015.

The DGT's ruling

The 40% reduction on pension plan benefits received as a lump sum may only be applied to the portion corresponding to contributions made until December 31, 2006. This reduction may only be granted once, for the amounts received in the same tax period. The remaining amounts received in other years shall be taxed in full without the reduction.

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