Pension plans

PPA Savings

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What makes our insured party pension plan different

The PPA Savings insured party pension plan is a flexible savings formula designed for retirement. It has significant tax advantages and, moreover, offers the security of an interest rate.

Flexibility

Decide with complete freedom what you want to save in a year and do it whenever and however you want, in regular instalments or as a lump sum.

Transfer of rights

You can transfer the accumulated rights of insured party pension plans and/or other pension plans.

Freedom to suspend and resume payments

You can suspend and restart your contributions at any time if you need to, without any penalty.

Security

Obtain significant returns when you retire, without taking any risks with your investment.

The choice is yours

Choose how you would prefer to make your capital available when the time comes: income, full or partial redemption, or a combination of both.

Tax relief

Benefit from the deduction of all your contributions and those of your spouse in your taxable income base within legal limits.

Return and tax benefits of PPA Savings

PPA Savings performance

The return on our PPA Savings plan is determined by current market interest rates. This is an interest rate that is reviewed every three months.

Tax benefits of PPA

Both our personal pension plans and our insured party pension plans (PPA) enjoy excellent tax benefits, since your contributions to them will be deducted from your personal income tax (IRPF) tax base in the financial year in which they are made.

However, when the corresponding benefits are paid, they will be taxed as earned income, regardless of the type of payment chosen.

Services included in our PPA savings insurance

Courtesy service

A lawyer when you need one most

Resolve any legal matter that may arise in your private or family life.

24 hours a day, 365 days a year.
No limit on consultations.
Social Security administration procedures and claims for Social Security benefits.

Go to Legal advice helpline

Courtesy service

A doctor at your disposal 24 hours a day

We put you in contact with a professional by telephone or video call to answer any health-related query you may have.

At any time of the day, wherever you are.
Immediate attention, with no waiting lists.

Go to Telephone medical advice

FAQs

You can choose when and how much you pay into the Insured party pension plan, provided that the amount does not exceed the legally established maximum.

You can withdraw the accumulated value in the following cases:

When you retire.
In the event of permanent disability.
In cases of severe dependency or major dependency.
In the event of the death of the insured party, the designated beneficiaries will be entitled to receive the guaranteed amount plus an additional sum for death.
Long-term unemployment.
Serious illness.
Liquidity: you can also withdraw the accumulated value corresponding to premiums paid more than 10 years ago.

People with a degree of physical or sensory disability —of at least 65%— or mental disability —equal to or greater than 33%— can benefit from additional advantages when taking out PPA Savings. Thus, the policyholder himself or herself or his or her relatives (up to and including the third degree) will be able to pay premiums for this insurance without these exceeding the maximum amount established by law.

Furthermore, the policyholder will be able to receive the retirement benefit from the age of 45 onwards, provided that he/she is not in employment.

If you are an employee under the general Social Security regime or a self-employed worker, you will find a detailed answer in the FAQ section for pension plans and savings plans in general.

Yes, and it's simple and free of charge, given that the regulations for this kind of saving scheme include the possibility of transferring plans at any time.

FAQs

PPA Savings

What makes our insured party pension plan different

Flexibility

Transfer of rights

Freedom to suspend and resume payments

Security

The choice is yours

Tax relief

Return and tax benefits of PPA Savings

Performance

Tax benefits

PPA Savings performance

Tax benefits of PPA

Services included in our PPA savings insurance

Legal advice helpline

Telephone medical advice

A lawyer when you need one most

A doctor at your disposal 24 hours a day

FAQs

When can I make contributions to the Insured party pension plan?

In which cases can I redeem amounts from my pension plan?

What additional benefits are offered to people with disabilities?

What is considered to be long-term unemployment, so that the consolidated rights can be redeemed?

Can I transfer my current pension plan to PPA Savings?

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