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V2296-25 26 November 2025 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del trabajo

Possibility of 40% reduction for pension contributions before 2007

The consultant asks whether a 40% reduction can be applied for contributions before 2007 after retirement in 2025. The tax authority confirms this is possible if the pension is received as a capital and within the period set by the twelfth transitional provision.

The question raised

Possibility of applying the 40 percent reduction provided for in the transitional regime.

The DGT's ruling

Pension plan benefits are considered earned income. The 40 percent reduction may be applied to the portion of the benefit corresponding to contributions made until December 31, 2006, provided that it is received as a lump sum and two years have elapsed since the first contribution. For contingencies occurring in 2025, the period for applying this transitional regime expires on December 31, 2027. The reduction may be applied to each plan independently within said period.

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