Skip to content
Back to index
V2498-17 4 October 2017 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · régimen transitorio

40% pension plan reduction applicable until 31 December 2020 for those who retired in 2012

A taxpayer who made pension plan contributions before 2007 and retired in 2012 enquired about the deadline to apply the 40% reduction. The DGT ruled that, as the contingency occurred in 2012, the period for receiving benefits under this transitional regime expires on 31 December 2020.

The question raised

What is the final year for the application of the 40 percent reduction.

The DGT's ruling

According to the twelfth transitional provision of Law 35/2006, for contingencies occurring in the fiscal years 2011 to 2014, the transitional regime may only be applied to benefits received until the end of the eighth fiscal year following that of the contingency. In the case of a retirement occurring in 2012, the period for applying the 40 percent reduction ends on December 31, 2020.

Book your free first meeting