CHARACTERISTICS

LIFE CYCLE

TAX INFORMATION

A Savings Plan that gives you guaranteed income in the future

A range of products to start saving today, through regular or non-recurring contributions, building up a capital that you can transform into regular income through an assured life annuity. Savings from €30 a month. Instant access to your money at all times. Lifecycle investment strategy. Tax exemption for all income generated, provided that the applicable legal requirements are met.

The PIAS Santander range is a set of 5 Individual Systematic Savings Plan (PIAS) products in the Policyholder risk model, which will allow you to save on a regular basis with liquidity from the outset and with a lifecycle investment strategy in which the product itself will reduce its risk in equities as it approaches the specified time horizon.

How do Santander's Individual Systematic Savings Plans work?

  • Choose an expected time horizon between 2025, 2030, 2035, 2040 and 2045.
  • Decide how and how much2 you want to save:
  •  Regular contributions from €30 to €666 per month.
  •  Non-recurring contributions from €1,000 to €8,000.

  • You can withdraw part or all of your accumulated savings whenever you wish:
  •   Partial withdrawals of accumulated savings from €1,000.
  •   Total availability of accumulated savings.
  •   Provision in the form of an assured life annuity, meeting the conditions for tax benefits.

In the event of death, the person or persons of your choice will receive the accumulated savings plus an additional capital sum of 3% or 1% of the accumulated savings, depending on whether the age at death is before 65 or after 65, respectively.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

Investment in equities according to your time horizon

Each of the PIAS has a time horizon with an initial equity exposure, which is reduced to a maximum of 30% when the specified time horizon is reached, maintaining this exposure until the insurance is surrendered in the form of equity or capital.


SANTANDER PIAS
2025

SANTANDER PIAS 2030

SANTANDER PIAS
2035

Risk Indicator2

3/7

3/7

3/7

Time horizon

2025

2030

2035

Maximum equity exposure

2020: 60%
2025: 30%

2020: 80%
2030 30%

2020: 95%
2025: 35%


SANTANDER PIAS
2040

SANTANDER PIAS
2045


Risk Indicator2

3/7

3/7


Time horizon

2040

2045


Maximum equity exposure

2020: 100%
2025: 30%

2020: 100%
2030 30%


These insurances do not expire, the time horizon set in each of them refers to the date on which the insurance will be least exposed to risk.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

How are Individual Systematic Savings Plans taxed?

The income obtained will be taxed as property assets. However, if the insurance is taken out in the form of life annuity and the requirements are met, the income generated will be tax exempt.

At present, the legal requirements for the income generated during the whole lifetime of the insurance to be fully tax exempt are as follows:

  • More than 5 years must have elapsed since the first current contribution to the PIAS.
  • No more than €8,000 euros per year must have been contributed to all the PIAS products taken out.
  • You must not have total accumulated premium in PIAS of more than €240,000.
  • With the total capital insured, a life annuity must be formed.

Provided you meet the above requirements and start collecting your life annuity, you will be taxed on a portion of your annuity depending on your age and the applicable tax law.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

Santander's PIAS range

Icon / check Created with Sketch. You decide how much and when to pay in, from €30 per month.

Icon / check Created with Sketch. Access your money at any time.

Icon / check Created with Sketch. Smart life cycle investment strategy

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