Bankia Pensiones S.A. E.G.F.P.
Contributions will be made directly by shareholders, where contributions made by other people or companies are not acceptable. However, in payment, brokerage by a third party accredited with the Fund Depository Institution as being duly authorised by the shareholder to make the payment will be allowed.
Exceptions to the above are contributions in favour of the disabled that are set out in the Specifications.
The minimum monthly contribution will be 30 euros. If this amount is higher, the minimum contribution will be the whole multiple of the amount for the months in the period.
Shareholders may always make complementary contributions to those they periodically make, for amounts no less than the monthly minimum.
The participant's total and permanent inability to work in his/her usual profession, or absolute and permanent inability to perform any work, and severe disability.
Death of the shareholder or beneficiary, which can generate the right to a survivor's (widow/widower, orphan...) pension or allowance, or a benefit in favour of other heirs or designated persons.
Severe or high dependency of the participant.
EXCEPTIONAL CASE OF LIQUIDITY: Long-term unemployment; Severe illness and Contributions with a longevity of over 10 years.
Mobilisations. The shareholders and beneficiaries may move to this pension plan the consolidated and economic rights, respectively, of any other pension plans in which they hold such a condition and that are managed by other Managing Entities.
In the same way, you will be able to mobilise all or part of your consolidated and economic rights to any of the individual plans managed by Bankia Pensiones.
Management and Deposit fees
1.50 | 0.03
It is necessary to distinguish between the time of the contributions and the benefits:
Contributions: The total amount of the contribution reduces the general part of the sum subject to income tax. to the lesser of the following amounts: 8,000 euros a year or 30% of the sum of the net earnings from work and economic activities during the financial year.
Contributors whose spouse has no income in the general portion of the tax base or earns an income of less than 8,000 euros a year will be able to deduct from the tax base any contributions to pension plans in which the spouse is a participant, with an annual maximum limit of 2,500 euros.
Contributions made by disabled people: maximum deduction 24,250 euros a year. The parties who can make contributions to a disabled person's pension plan (degree of physical or sensory disability greater than or equal to 65%, mental disability greater or equal to 33%, and those with legally declared incapacity, regardless of the degree), the spouse, relatives, directly or via marriage to the third degree, or those who are legal guardians or foster parents, with a maximum deduction of 10,000 euros a year. The application of the established reductions may not lead to a negative taxable sum.
Benefits: Tax will be paid as on income from work.
a) Through capital:
They are not eligible for deductions.
Temporary arrangement: for provisions deriving from contingencies occurring before 01/01/2007 and those occurring after 01/01/2007 for the part corresponding to contributions before 31/12/2006, beneficiaries may apply the reduction established in art. 17 of the Income Tax Act applicable on 31/12/2006. In general, if the benefit is received in the form of capital, a 40% reduction to the vested right will be applied if the first contribution was made at least 2 years before the date of the contingency.
From 1 January 2015 is limited the application of the aforementioned transitional arrangement (until 31/12/06) to perceived provisions in the exercise in which happens the corresponding contingency, or in the two following tax years
For plans that have not yet been redeemed whose contingencies have already occurred, the limit will be as follows
Contingencies in FY 2011 to 2014: the transitional arrangement will only apply to benefits received up to the completion of the eighth financial year following the year in which the contingency occurred.
Contingencies in FY 2010 or earlier: the transitional arrangement will only be applicable to benefits received up to 31 December 2018.
b) Through income:
They are not eligible for deductions.
Exemption a maximum of 3 times the IPREM (Spanish Public Index of Multiple Purpose Income) for disabled people.
Type of Guarantee
This pension plan is not guaranteed