BS Plan Futuro
Capital and return guaranteed upon maturity
BS Plan Futuro, PPA is a savings insurance to accumulate capital to supplement your income upon retirement. It guarantees you 100% of your accumulated capital on the maturity date, irrespective of market fluctuations.
Product only available to residents in Spain
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Features
Capital 100% guaranteed upon maturity
BS Plan Futuro, PPA guarantees you 100% of your accumulated capital on the maturity date, irrespective of market fluctuations.
Return guaranteed upon maturity
Plan Futuro, PPA allows you to choose the period for which you wish to have the guaranteed return (between 2 and 20 years) and offers you a return for each contribution until the chosen maturity date. This way you know at all times the capital you will have accumulated and guaranteed on the date you wish.In the event of collection prior to maturity, due to serious illness, unemployment or retirement and in the event of transfer prior to maturity, the market value of the investments will be applied, which will be subject to the chosen guarantee period, the evolution of market rates and the anticipation and may entail losses for the customer. It is advisable to defer collection of these benefits until the chosen maturity date to maintain the guarantee of the capital and return.
Includes death cover
In the event of the insured’s death, the beneficiaries will receive the accumulated balance plus an additional capital of 10% ( with a maximum of 12,000 euros if the insured is under 65, and 600 euros if he/she is 65 or over or considered of high risk).
Save easier
BS Plan Futuro, PPA allows you to make periodic monthly contributions from just 50 euros, making it easier to accumulate capital. But if you wish, you can make extraordinary contributions when you feel it is appropriate(1). For example:
Edat inici d´estalvi Age of initial contribution Monthly installments 35 years 45 years 55 years 50€50.845 €23.674 €8.348€100€101.599€47.273 €16.634 €150€152.352 €70.872 €24.921€
Save up to 43% on tax
BS Plan Futuro, PPA offers the same tax advantages as for pension plans: with your contributions you reduce your personal income tax base and save tax on your tax return(2).
Transfer your pension plan at no cost
You can make transfers between pension and guaranteed benefit plans at any time without attracting any penalty. Ask now at any of our branches and we will take care of everything.
(1) Maximum annual contribution: 10.000 euros for persons under 50 and 12,500 euros for persons over 50
(2) Maximum annual deduction: The lesser between the contributions made and 30% of the net earned income for persons under 50 and the lesser between the contributions made and 50% of the net earned income as from 50 years of age.
Plan Futuro is life insurance from BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, marketed by Banco de Sabadell, S.A. subject to the terms and conditions of the policy. BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, with Tax ID. A08371908 and registered offices in Calle Sena, P.I.A.E. Can Sant Joan, 08174, Sant Cugat del Vallès. Banco de Sabadell, Fiscal S.A Tax ID No. A08000143 and registered offices in Pl. Sant Roc, 20, 08201, Sabadell, is the Exclusive Bancassurance Operator of BanSabadell Vida and is registered in the Special Administrative Register of Insurance Brokers under number C0557A08000143.Apply now...-
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- Taxation
The fiscal treatment of pension plans is based on deferring the tax that would be otherwise paid on savings, to the time when the pension benefits are received.
Contributions
Contributions to a pension plan are directly deducted from the taxable base. The deductible amount is the lowest figure in the following circumstances:
- The subscriber is under 50: 30% of net earnings from employment and/or business activities, received individually, or €10,000 per year.
- The subscriber is 50 or over: 50% of net earnings from employment and/or business activities, received individually, or €12,500 per year.
Contributions made to a spouse’s pension (always provided the latter’s income in terms of net additions to the taxable base are not greater than €8,000) can be deducted from the payer’s tax base when the contribution is towards a pension plan in the spouse’s name, subject to a maximum of €2,000 per year- This reduction will be applied to the general part of the tax base. Under no circumstance may this be negative due to the application of this reduction.
- In addition, if there is still a remainder the participants may request that the sums contribution which did not reduce the tax base on the current year do so in the following five years.
- When there are simultaneous excesses of the current year with those of previous years, those from previous years are reduced first.
The benefits from a pension plan are considered income from employment in the income tax declaration, regardless of cause, be it retirement, physical incapacity, official dependency or death (in the latter case the benefits will be received by the beneficiaries designated by the subscriber).
There are two types of benefit:
In the form of income:
The total benefits received in the form of income are included each year as part of the earned income.
In the form of capital:
The total amount of the benefit is included in the year it is received as earned income.
At the time of payment, these amounts are subject to tax withholding. The percentage of the withholding applicable in each case will be determined in accordance with the amount subject to taxation and the personal situation of the recipient.