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V2005-23 11 July 2023 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · contingencia de jubilación

The deadline to apply the 40% reduction on pension plans ends on December 31, 2024, if retirement is collected early

A taxpayer with contributions made prior to 2007 wishes to know when the deadline to apply the 40% reduction expires following a collective redundancy. The DGT responds that, if the benefit is collected early due to the redundancy, the contingency occurs at that moment and the deadline for the reduction expires within the following two fiscal years.

The question raised

Question posed: Available period to apply the 40 percent reduction provided for in the transitional regime.

The DGT's ruling

If the retirement benefit is collected early due to the termination of the employment relationship and unemployment, the contingency occurs when those requirements are met. To apply the 40% reduction to contributions made prior to 2007, the benefit must be received in the fiscal year of the occurrence or in the two following years. In the case of an occurrence in 2022, the deadline ends on December 31, 2024.

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