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V3111-20 19 October 2020 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · contingencia de jubilación

Retirement contingency for the 40% reduction occurs upon meeting requirements for early withdrawal

A query was made regarding when the retirement contingency is considered to have occurred for the purpose of applying the 40% reduction under the transitional regime for pension plans. The Directorate General for Tax (DGT) responds that, if the benefit is collected early, the contingency occurs at the moment the requirements for such early collection are met.

The question raised

For the purposes of applying the 40 percent reduction provided for in the transitional regime, when is the retirement contingency considered to have occurred.

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