How do I receive payment of dividends?
To receive payment of dividends from a company of which the client is a shareholder, it is necessary to heed the conditions set by the company itself. To do this your capital manager will recommend the most suitable or advantageous option for you.
How can I contract a pension plan?
Contracting a pension plan as easy as contacting your capital manager, who will analyse your needs, both for saving for your retirement and for tax purposes.
Depending on your age, your return expectations and your investor profile, your capital manager will recommend the best choice to invest in pension plans and alternatives for complementing your retirement savings.
How can I find the address of the nearest Bankia Private Banking branch?
In the web portal header you have direct access to the Find your nearest branch, where you will be able to find the addresses of all the Bankia Private Banking branches.
What is a SICAV?
A SICAV is an investment trust that can invest in numerous types of assets according to their nature, with a flexible investment policy and adapted to its members' goals.
There are various types of SICAV, which can be studied on our SICAVs page, which is why it is necessary to have specialised advice to determine the ideal structure.
What tax advantages does a SICAV offer?
SICAVS offer advantageous taxation to the company itself in the management of its assets, and it has a specific treatment for the members, according to the different type of SICAV, which can be consulted in our SICAVs space.
What is a stop-loss order?
Stop-loss orders are levels or sales points that a customer can set on a position of which they are the titleholder. They are useful for limiting losses in a securities trading operation when the price quoted for a security is above that level.
The objective of this kind of order is to prevent an operation generating a loss greater than that which the customer is willing to take on.
How can I receive payment from my pension plan?
There are various ways to receive payment of the amounts saved in your pension plan, in the provisions. Your asset manager will advise you on which is the most beneficial to you for tax purposes. The ways of receiving payment are:
- Capital: received in a single payment.
- Financial incomes: You set the amount you wish to receive and the frequency of payment until all the accumulated capital has been paid out. In this way, you benefit from the interest that continues to be generated by the unconsumed capital in the pension fund. This formula can be adapted to your financial needs at any particular time, as it allows you to freely modify the amounts and the frequency of payment.
- Insured incomes: The amounts you receive are fixed and contracted with an insurance company, which guarantees payment of the income in the previously established period. The conditions of this income cannot subsequently be modified.
- Collections without regular frequency: The money is available in the form of payments without an established frequency.
- Mixed: A combined provision is received, partly in capital and partly in financial income. The combination of the way of receiving payment can be freely modified.
What are the tax advantages of contributing to pension plans?
A pension plan can mean significant tax savings.
This saving is because the amount of the pension plan contributions is deducted from the general personal income tax assessment basis, as long as you obtain earned income from work or economic activities.
The limit of the annual contribution it is 8,000 euros and the tax reduction limit is set at the lesser of the following amounts: the amount paid in or 30% of net earnings from work and economic activities during the financial year. Additionally, if your spouse does not obtain net earnings from work or economic activities or earns less than 8,000 euros a year, you will be able to deduct from your general income tax assessment base the contributions to the pension plans of which your spouse is titleholder up to a maximum limit of 2,500 euros a year.
Once payments begin to be received from a pension plan, amounts received are considered as earned income for tax purposes and are subject to personal income tax. Given that the way of receiving payments is flexible, it is important that you take advice on that which is most beneficial for tax purposes.
In the case of the titleholder’s death from the pension plan, the beneficiaries will pay income tax on the amounts as if it were earned income. They are not subject to Inheritance and Gift Tax.
This information is in accordance with the current legislation and may be modified in the future.
Your asset manager will constantly advise you on how to optimise the tax benefits of your pension plan.