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SpanishRisk Index CNMV
The level of risk of the Plans on a scale from 1 to 7, varies from 3 to 5. The category "1" does not mean that the investment is risk free.
Low Risk
High Risk
Risk Scale 4 5
- The collection of the benefit or the exercise of the right of redemption is only possible in the event of any of the contingencies or exceptional cases of liquidity regulated in the regulations of pension plans and funds.
- The value of mobilization rights, benefits and exceptional liquidity assumptions depends on the market value of the assets of the pension fund and can cause significant losses.
Pension plans
Simplified employee pension plans for the self-employed
Complement your state pension with simplified occupational pension plans, exclusively for self-employed and self-employed workers.
- Increase your tax reduction from €1500 to €5750.
- Choose from two plans to ensure you get the best one for you.
- Diversification is guaranteed thanks to the management model.
What are Simplified Employee Pension Plans for the self-employed?
As a self-employed person, in addition to individual plans, you can also save for your retirement with simplified employee pension plans (PPES). You can pay into them regularly or on a one-off basis, with total flexibility depending on your situation.
These pension plans are specifically for the self-employed and people who work for themselves and allow you to save for your retirement without any increases in your social security calculation basis.
Choose the best self-employment pension plan for you
How do I arrange a pension plan for the self-employed?
If you are already a customer, you can arrange your simplified employee pension plan 100% online. You simply need to go to your private area and select the plan that suits you.
You can also ask an agent for help at any Santander branch.
If you are not a customer, become a customer here to sign up for your Simplified Occupational Pension Plan for the Self-Employed or go to your nearest branch.
Pension plans with sustainability criteria
The management of these pension plans involves the application of financial and non-financial criteria with the aim of taking sustainability into account when investing. Here you can access information about the sustainability of these products.
What are the tax advantages of pension plans for the self-employed?
With simplified employee pension plans, you can pay more in annually than with individual plans, since you can pay in up to €5750 per year, as follows:
|
Types of pension plans |
Annual limit |
|---|---|
|
Individual pension plans |
Up to €1500/year |
|
Simplified employee pension plans (PPES) |
Up to €4250/year |
|
Total contribution limit |
Up to €5750/year |
The contribution of €1,500 to individual plans can be made to the Simplified Occupational Pension Plan.
Frequently asked questions about simplified employee pension plans
There are few requirements: you need to be over the age of 16, be resident in Spain and be self-employed.
No, under no circumstances. You simply need to meet the requirements mentioned above.
Yes, you can still arrange a simplified employee plan, which you will pay into on behalf of yourself.
If the self-employed person has employees and wishes to make a contribution on their behalf, the former will have to arrange an employee plan, as if they were a company. They can only make contributions to this plan if they are registered with Social Security in the same way as employed workers pursuant to Article 136.2 c) of the consolidated text of the Spanish General Social Security Act.
Vested rights in the plan always belong to the participant. When you are no longer self-employed, you can either keep it or transfer it to another employee plan.
If you cease to be self-employed, you will only be able to make the individual contribution of €1500 but not the additional contribution of €4250.
The PPES can be paid out as below:
- Capital: lump sum.
- Actuarial or financial income: regular payments.
- Combination: a portion as capital and a portion as income.
- Sporadic payments.
Management Company: Santander Pensiones, S.A. EGFP; Depository Institution: Caceis Bank Spain, S.A.; Promoters: Spanish Federation of Travel Agencies (CEAV), Spanish Federation of Young Entrepreneur Associations (CEAJE), Official Association of Labour Officers of Alicante, Federation of Journalists Association Spain (FAPE), Santander Group's Association for Additional Social Welfare for Employees.
The General Information Document and detailed information about Sustainability are available at www.santanderassetmanagement.es.
Pension plans are dependent on changes in market prices and other variables. Accordingly, they do not guarantee any return.
Other related products
Mi Plan Range
Choose your pension plan based on the risk you want to assume in order to save for your retirement.