Bankia Pensiones S.A., E.G.F.P.
Contributions will be made directly by shareholders and those made by other people or organisations are not allowed. 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.
Contributions in favor of disabled people are exempt from the above provision in accordance with the Specifications.
If the chosen frequency is monthly, the minimum contribution will be 50 euros. If it is less frequently than monthly, the minimum contribution will be a whole multiple of that sum corresponding to the months in the period.
Shareholders may always make complementary contributions to those made periodically for amounts not less than 150 euros.
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.
Shareholders and beneficiaries may mobilise for this pension plan consolidated and economic rights from any other pension plans they hold managed by other management institutions.
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
1.25 | 0.089
It is necessary to distinguish between the time of the contributions and the benefits:
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 net earnings from work and economic activities received in the tax 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 reduction 24,250 euros a year. The following may make contributions to the pension plan of a disabled person (degree of physical or sensory disability of 65% or more, or mental disability of 33% or more, and in cases of legally declared disability, regardless of its degree): the spouse, persons directly or collaterally related to the disabled person up to and including the third degree, or who care for them in a guardianship or fostering arrangement, with a maximum of reduction of 10,000 euros a year. The application of the established reductions may not lead to a negative taxable sum.
Tax will be paid as on income from work.
a) As 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 will apply to the consolidated right 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) As 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
Bankia will pay the plan shareholder into the associated account any difference between the committed actuarial amount (144,7988) and the cash value of the shareholding at 30/07/2018. Only for contributions made on 08/02/2010 the revaluation at 30/07/2018 will be 19.32% (2.11% APR) of the accumulated guaranteed return.
Loss of Guarantee
Any right derived from the commitment given will be lost if there is an exit from consolidated rights of the Plan before 30/07/2018 derived from the following circumstances:
For accrued benefit
For mobilization (total or partial)
In cases of liquidity (total or partial)