Skip to content
Back to index
V2257-23 27 July 2023 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del trabajo

The 40% reduction on pension plans may be applied if received as a lump sum before 2025

The consultant wishes to know whether the 40% reduction can be applied when receiving benefits from pension plans with contributions made prior to 2007. The DGT responds that it is possible if received as a lump sum and within the period established according to the year of the contingency.

The question raised

Possibility of applying the 40 percent reduction.

The DGT's ruling

Benefits from pension plans are considered earned income. The 40% reduction may be applied to the portion of the benefit corresponding to contributions made up to December 31, 2006, provided it is received as a lump sum and the deadline set forth in the twelfth transitional provision is met. For a contingency occurring in 2022, the deadline to apply this reduction expires on December 31, 2024.

Book your free first meeting