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.
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
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.
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.
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.