BS Pentapensión
The number 1 mixed investment plan in terms of 10-year return
BS Pentapensión is the top mixed investment pension plan in rate of return over 10 years.
BS Pentapensión, since its creation, produces a return which easily exceeds the accumulated inflation, making your retirement savings increase in purchasing power.
Product only available to residents.
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Features
- Maximum return with medium-low risk profile. It invests in a mixed portfolio, combining mostly bonds with about 25% equities.
- Total flexibility of contributions, which can be regular instalments or random payments. Contributions can be increased, reduced and even suspended.
- The maximum annual contribution depends on the subscriber’s age - €10,000 per year for subscribers under 50 and €12,500 thereafter.
- Benefits: different benefit payment options available
Find out about our pension plan BS Pentapensión.
BanSabadell Pensiones E.G.F.P., S.A., with registered offices in Calle Sena, 12 P.I.A.E. Can Sant Joan 08174 Sant Cugat del Vallès. Registered with the Mercantile Register of Barcelona Vol. 9966, book 9105, section 2, folio 53, sheet 118531. Registered with the Register of Management Companies and Depositaries of Pension Funds as Management Company with no. G-0085. Tax ID A-58581331.
Banco de Sabadell, S.A., with registered offices in Avda. Óscar Esplá, 37 03007 Alicante. Registered with the Mercantile Register of Alicante Vol. 4070, folio 1, sheet A-156980. Registered with the Register of Management Companies and Depositaries of Pension Funds as Management Company with no. D-0016 Tax ID. A-08000143.
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- Maximum return with medium-low risk profile. It invests in a mixed portfolio, combining mostly bonds with about 25% equities.
- Plan your saving
Tax saving: Making periodic contributions to your pension plans will help you to maximise your tax saving. Start to think about your finances today and you will find it easier to accumulate a capital which will enable you to obtain the tax relief you wish.
Here are some examples:
Taxable Base * Monthly contribution Extra contribution Pers. Tax rebate Extra contributions summer/Christmas Accumulated annual contribution Estimated tax saving on next return % saving of income 28.000150 €500 €1.800 €4.100 €1.148 €15 %35.000200 €700 €2.400 €5.500 €1.719 €16 %45.000250 €1.300 €2.800 €7.100 €2.627 €16 %* Taxable Base Sum of earned income or from economic activities, allocation of rent, capital gains and losses
Contributions: This is a totally flexible product and you can make monthly contributions from just 50€, in addition to any extra contributions whenever you wish to enjoy the maximum tax advantages.Plan de Previsión Asegurado, PPA 10 years 20 years 30 years Contribution of 50€ monthly8.348 €23.674 €50. 845 €Contribution of 100€ monthly16.634 €47.273 €101.599 €Contribution of 150€ monthly24.921 €70.872 €152.352 €Note: supposing the initial contribution is 50 euros, the interest rate 2% and 5% annual revalorization of the contributions.
Maximum annual amount: There is a maximum limit* provided in law according to the participant’s age:
Limit Under 50 years 10,000 Euros a year As from 50 years 12,500 Euros a year
* Maximum contribution for contributions to pension plans, guaranteed benefit plan pension plans and social benefit mutual societies. In the case contributions are made in favour of the spouse and the legal limits are met, 2,000 € are added to the maximum contributions described. - Availability and benefits
The accumulated balance can be collected when any of the following contingencies foreseen by law takes place:
- Retirement
- Disability
- Dependence
- Death
- Serious illness of the holder, of the spouse, children or parents (also in the case of persons under a tutorship or fostering regime by the holder)
- Unemployment.
- Using all the amount for a purchase or important expenditure
In this case your option is to receive the pension plan benefit in the form of a capital sum. - Collecting everything in a single payment, insuring the amount
You can collect the amount later (eg, two years after retirement), deferring the date of collection. Furthermore this can be done via a guaranteed capital option, which guarantees an interest rate for the period you choose (1, 2, 3, 5, 8, 10 or 14 years). - Collect a fixed amount every month until the balance is exhausted
In this case you select the amount and the frequency of a temporary financial income contract. You will receive this income until the balance in your pension plan is exhausted. In the meantime the remaining balance will continue to earn a return. If you die before the balance runs out, your heirs will collect the remainder. - Want to be certain of the duration of benefits
In this case the best option is a guaranteed duration income. You will collect a certain regular benefit during the chosen period of time, regardless of the returns earned by your pension plan. In the event of death, your beneficiaries will continue collecting the percentage you determine (up to 100%) during the remaining period. - Ensure income while you live
For this purpose you can use an annuity with consumption of capital. You will collect a pension for the rest of your life, regardless of the years you live and the earnings of your pension plan. If your contract includes a reversibility option, the second beneficiary will receive the monthly benefit during his whole life, according to the defined percentage of reversibility. - Collect regular income without consuming the accumulated balance of the pension plan
In this case you need an annuity without consumption of capital. You are assured of regular income payments for the period you determine (2, 3, 5, 10 or 14 years). At the end of this period, you can choose a new period of assured income, always preserving the entire initial capital. If you die, your heirs have the right to collect all the initial capital. - It is also possible to combine different types of income or capital.
- 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. The potential tax savings can be up to 43% of the amount invested.
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.
- In the case of joint tax declarations the maximum limits are calculated separately for each spouse.
- 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
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.
Benefits
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.