Pension plans

How to choose your Pension Plan?

BASED ON YOUR AGE

The investment strategy of a pension plan should be adapted to your needs based on the time remaining until your retirement. To save, using the same pension plan until your retirement, you can use the My Sustainable Santander Project range.

This range of pension plans uses a life-cycle strategy.
This means that each plan has an initial risk level based on age and the investment time until retirement.
Over time, the exposure to risky assets is reduced and fixed income investment is increased.

BASED ON THE RISK YOU WANT TO TAKE

If you want to choose a pension plan based on the risks you are willing to take you can consider the My Santander Plan range.

You just have to decide between three levels of risk.
Based on this, a team of experts will invest your savings in varying percentages of fixed and variable income, according to what you have chosen.

BASED ON WHAT YOU WANT FOR YOUR RETIREMENT

With the Plan Simulator, discover how much you need to contribute each month to achieve the income you want in your retirement.

By answering 5 questions, you will know how much you need to save each month so that your retirement income is what you envision and what the tax savings will be until your retirement.

WITH A GUARANTEED MINIMUM

If you want to have a guaranteed minimum interest that does not depend on market fluctuations, your best option is an Insured Retirement Plan.

An Insured Retirement Plans (IRP) is a savings insurance, and as it guarantees a minimum return it will be the most suitable for you if you have a conservative profile.

Find a plan that suits your needs

ACCORDING TO YOUR AGE

Mi Proyecto Sostenible Range

Choose a plan that invests with sustainability criteria. Save in accordance with your age without changing your plan until your retirement.

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ACCORDING TO RISK

Mi Plan range

Plan your future and save according to the risk you are willing to take.

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Variable Income Pension Schemes

Save in the long term by investing in companies listed in the main markets.

Fixed Income Pension Schemes

Save for your retirement by investing mainly in the bond market.

Social Provision Schemes

Save for your retirement through EPSV if you live in the Basque Country.

Pension Scheme Simulator

Find out how much you must contribute monthly to achieve the income you want in your retirement.

Advantages of saving with a Pension Scheme

TAXATION

The contributions made to pension plans result in a direct reduction in the tax base for personal income tax (IRPF). These contributions have an annual limit:

For the owner, either €8,000 or 30% of the net income from work and economic activities, whichever is the lower amount.
In favour of the spouse, provided that he/she has a net income from work and economic activities of less than € 8,000, € 2,500 per year.
For people with a disability, including those made by themselves, there is an annual limit of €24,250. For relatives, the limit is €10,000.

In the event that the fiscal limit is exceeded, the excess may reduce the tax base of the following five years with the same limit.

Also, this tax benefit is never lost. After retirement, we can continue to contribute to the pension plan and deduct these contributions.

The benefits, in general, can be redeemed in the form of capital (in one go) or income (by selecting the amount or time period), and are included in the income tax base at 100% as income from work.

The amount received in capital may be reduced by 40% for contributions prior to 2007. A time limit is set by law for applying this reduction, depending on the date of retirement.

Transfers can be made between pension plans without taxation.

Taxation applicable to common territory, for the provinces, their own taxation in force at any given time will be applied.

SECURITY

A reliable investment alternative.

Clients and their contracted products are protected by the General Directorate of Insurance and Pension Funds (Dirección General de Seguros y Fondos de Pensiones - DGSFP), the public body that supervises pension plans.

In addition, the management company carries out management and risk control on a daily basis, issuing a periodic management report.

TRANSPARENCY

Right from the beginning you will have all the necessary information in the Fundamental Data for the Investor document, the product file, the Scheme Specifications and the financial reports of the pension funds. In these documents you will find all the information you need to clearly and easily understand the pension plan in which you will invest your assets.

LIQUIDITY

Pension plans can only be rescued in certain contingencies and assumptions, since the objective of the savings invested in these products is to save for retirement:

If you have retired.
If you suffer a total, absolute permanent disability and high disability.
If you pass away.
If you have severe dependency or high dependency.
If you or an immediate relative suffers a serious illness.
If you are long-term unemployed.

PLANNING

With pension schemes you can plan a long-term savings strategy, establishing a periodic contribution plan to help you save small amounts little by little, more comfortably than once a year with a much higher amount.

DIVERSIFICATION

All product categories have different investment objectives. This allows us to diversify our savings and choose the one that best suits our needs:

Life cycle pension plans that automatically adjust investments based on our age.
Profiled pension plans that offer us a diversified investment based on our risk profile.

PROFESSIONAL MANAGEMENT

A large team of professionals makes the appropriate decisions in line with the investment policy of each plan, following the established risk criteria. Our highly qualified investment manager is Santander Pensiones (http://www.santanderassetmanagement.es).

The capital of the pension plans and the EPSVs' provision plans are exposed to fluctuations in market prices and other variables, and therefore the recovery of the initial capital invested cannot be guaranteed.

DIGILOSOFÍA

If you also think that people come first and then everything else, and that being digital is not an end but rather a means, then we are connected. At any time. However you like. Wherever you want.

Your bank is always with you

Contact your manager by phone, email or chat. Make face-to-face appointments or use the assistant to answer questions and learn how to make transactions through videos.

SO:FIA, investment platform

Trade on the stock market and view your investments. Simulate and compare using analysis tools. Learn about investment products with Santander Orienta.