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Simplified Occupational Pension Plan for the Self-Employed

A self-employed retirement plan

Make an appointmentMake an appointment
You can increase your contributions compared to
the limits of individual pension plans
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Life Cycle investment

Save with your pension plan based on your life's circumstances

The Simplified Occupational Pension Plan for the Self-Employed (SOPPSE) adapts to you, depending on when you are approaching retirement. Your investment criteria changes with you and becomes more prudent as you approach your retirement period, reducing the percentage of variable income in favour of fixed income. Make an appointment
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Tax saving

A tax-advantaged pension plan for the self-employed

Save on your tax return thanks to your pension plan. Current legislation allows you to benefit from a reduction in the general taxable base for personal income tax purposes, depending on your economic and personal circumstances and the autonomous community in which you live. Make an appointment
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Contributions

Greater capacity to make contributions than individual plans

You can make contributions of up to €4,250 per year, a higher limit than the €1,500 set for individual pension plans. This contribution can be increased by the unconsumed part of the annual limit of the IPP, APP or EPP depending on the company's contributions and the employee's remuneration1. Make an appointment

Simplified Occupational Pension Plan for
the Self-Employed advantages

Flexibility
You can modify, cancel or make additional contributions at any time.
Adapted investment
For Life Cycle plans, the investment criteria evolves with you, taking into account the time horizon linked to the date of retirement.
Tax saving
Reduce the general taxable base for personal income tax according to your individual circumstances and your autonomous community.
Compatibility
With Individual Pension Plans (IPP), Assured Pension Plans (APP) or Employment Pension Plans (EPP).
Flexibility
You can modify, cancel or make additional contributions at any time.
Adapted investment
For Life Cycle plans, the investment criteria evolves with you, taking into account the time horizon linked to the date of retirement.
Tax saving
Reduce the general taxable base for personal income tax according to your individual circumstances and your autonomous community.
Compatibility
With Individual Pension Plans (IPP), Assured Pension Plans (APP) or Employment Pension Plans (EPP).
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We answer your most frequently asked questions

What does the Simplified Employment Pension Plan for the Self-Employed (SOPPSE) cover?

  • Retirement.
  • Total permanent disability, full and severe disability.
  • Death.
  • Severe or high dependency.
  • Exceptional cases of liquidity:
    • Serious illness of the contributor, spouse, children or parents.
    • Long-term unemployment.
    • Contributions made for at least the last 10 years, which will be available as from 1 January
      2025 in respect of contributions made up to 31 December 2015.

Who can take out a SOPPSE?

 
This product can only be taken out by residents in Spain who are self-employed and who can prove their status in accordance with the provisions of article 1 of Law 20/2007 on the Self-employed Workers' Statute.

The promoter of the plan can be any association, federation, trade union or union of self-employed workers, or self-employed workers or professional association, as well as Mutual Social Welfare Societies linked to these, and any self-employed worker can be a participant in the plan, regardless of whether they are linked to the promoter.

Can I transfer or move my SOPPSE?

 
The transfer of SOPPSEs is only possible to other plans of the same type or to occupational pension plans.
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BusinessInsurance and Pensions Simplified Occupational Pension Plan for the Self-Employed