Thinking of your future
Maintain the quality of life and purchasing power you want for when you retire, supplementing the income you receive from the public pension system in a safe, simple way with minimum returns guaranteed.
Pension plans
The best retirement is that which is guaranteed
Our PPA Savings plan is designed to supplement your retirement, without depending on the evolution of the markets, since it offers guaranteed interest rates and you will, in turn, receive additional returns from the investments made in the plan. Particularly designed for savers who do not want to assume any risks.
Having a PPA Savings plan has numerous benefits that will facilitate how you save:
Maintain the quality of life and purchasing power you want for when you retire, supplementing the income you receive from the public pension system in a safe, simple way with minimum returns guaranteed.
You can adapt the contributions to your current personal circumstances and finances, so establishing this capital involves minimal effort.
When you retire, you will receive the guaranteed capital plus the interest generated, which will be communicated to you on a quarterly basis. In addition, you can contact your personal manager at any time to ask them about the situation of your PPA Savings.
This is a product with very favourable taxation, since you will be able to benefit from tax deductions on your annual tax return (IRPF), deducting the contributions made, within the limits set by law.
The insured pension scheme, PPA Savings, establishes a number of situations and contingencies for payment to be made, such as:
As well as the these scenarios, there are other exceptions that trigger the consolidated rights in the plan, such as situations of prolonged unemployment of at least 12 months, or a serious illness.
There is also an option to pay the amount corresponding to contributions made at least ten years previously in advance, after 1 January 2025.
The possible charging methods for contributions to the Insured Pension Plan can be:
PPA Savings offers a guaranteed minimum interest rate during the full term of your contract.
This combination makes it a savings and retirement system that is not affected by the markets, thus contributing to the guarantee of returns in a safe environment.
Thus, contrary to what happens with other products, there is no uncertainty whatsoever with the PPA Savings since it can never present negative returns when redeemed.
Taxation with our Insured Pension Scheme, PPA Savings, offers significant benefits, as it allows you to deduct all the contributions made from your personal income tax base. In this respect, the tax base is significantly lower. The limit applied for this deduction is 8,000 euros per year. This amount is deductible in its entirety, provided that it does not exceed 30% of the amount of income from work and financial activities.
On the other hand, when redeemed, regardless of the method you choose for payment of the same (capital, income or mixed), it is taxed as earned income.
This number is indicative of the risk of the product; 1/6 implicating a lower risk and 6/6 a higher risk
Paying out the provision and exercising the redemption right are only possible if any of the exceptional liquidity contingencies or scenarios takes place, as governed by the regulations on pension plans and funds.
This savings and retirement plan is aimed at anybody who would like to supplement the funds provided by Social Security, to ensure that they can maintain their current standard of living during retirement.
When you retire you can withdraw the insured capital and the profits generated. If you need to make a redemption prior to your date of retirement, this plan includes scenarios for disability, death or dependence as contingencies for which you can redeem the insured capital.
Choose the contribution method that works best with your circumstances and objectives, selecting between the following:
Yes, and it's simple and free of charge, given that regulations for these kinds of saving schemes include the ability to transfer plans at any time.
You will be able to deduct the contributions made to your Insured Pension Plan (PPA) from your personal income tax (IRPF) base, with a limit of 8,000 euros a year.
We will regularly advise you of the position of your PPA for you to be constantly aware of the evolution of the plan.
We will inform you in advance of the guaranteed returns that your Insured Pension Plan will give you for each period.