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V0680-15 27 February 2015 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del trabajo

Possibility of applying 40% reduction to pension plan capital withdrawals

The consultant asks whether a 40% reduction can be applied to pension plan withdrawals based on contributions made before 2007. The DGT confirms this is possible if the withdrawals are in capital form and the transitional period conditions are met.

The question raised

Possibility of applying the 40 percent reduction to the amount received in 2015 from the individual pension plan, corresponding to the portion of contributions made up to December 31, 2006. Likewise, whether there is a right to apply said reduction to benefits received as a lump sum from the other pension plan in a future fiscal year, upon reaching retirement.

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