How is a life savings plan taxed?

At Mutualidad we have created a competitive and profitable instrument to obtain the best benefits from your contributions. We offer you life savings plans with significant tax advantages.

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How is each plan taxed?

One of the distinguishing features of long-term savings plans is that the income generated is exempt from taxation when certain requirements are met. Find out about each plan and choose the one that suits you best.

Plan Ahorro Flexible

It allows you to make unlimited contributions, for any term. Income will be taxed only when it is received, with the taxation of savings/investment products.

PIAS Mutualidad

It is a medium/long-term savings product that is a tax-favourable way of creating annuities to complement your retirement, since if you redeem it after five years, without having contributed more than €8,000 per year (€240,000 in total) and receive it in the form of an annuity, the income is exempt from taxation.

Plan Ahorro 5

It is an individual life product designed to make saving easier and give you full access to your money. You can make contributions up to a maximum of 5,000 euros per year for a minimum period of 5 years and the income will be tax-free.

Tax advantages in your life savings plan

Choose the one that suits you best.

Your money is available before five years, taxed only on the interest generated.

Exempt after 5 years

Advantageous tax treatment according to age in annuities

Excellent tax treatment

By taking out the Remunerated Life Annuity insurance you will be enjoying one of the best taxed products. In 2022, the tax rate is 19% for the first €6,000, 21% up to €50,000, 23% up to €200,000 and 26% for the rest of the capital.

Check its excellent taxation

Life savings products

Choose the one that suits your needs and gain peace of mind.

Plan Ahorro Flexible

Your money available whenever you want it

Save with liquidity and a return
You can have your savings at your disposal from the very first moment
No contribution limits
Regularly or with on-off contributions, whenever it suits you best
Tax only when you receive your earnings

* System included in the Plan Universal de la Abogacía

PIAS Mutualidad

Save with tax benefits

High profitability
Income exempt from taxation
You decide the amount of contributions, regular and/or extraordinary, up to the maximum allowed (contributions not exceeding €8,000 per year and €240,000 for the whole Plan.
Benefit in the form of an life annuity
You can mobilise to and from other PIAS

* System included in the Plan Universal de la Abogacía

Cheerful young man having phone conversation via TWS earbuds sitting on lounger

Plan Ahorro 5

Save without taxes

Exempt from taxation from the 5th year onwards
Excellent return
Maximum contributions of €5,000/year
Possibility of mobilisation from one entity to another
Redemption from the first year

We will tell more

Do you want to know more about how your life savings plan is taxed? Contact us through the channels provided or fill in the form so that a sales manager can contact you. We will be happy to help you with your questions!

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