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Potentially lower
return. Lower risk
Potentially higher
return. Greater risk
On a scale of 1 to 7, the risk level of Bankinter Pension Plans varies between 2 and 6. Category “1” does not mean that the investment is risk-free.
The risk level of every Bankinter pension plan is described in detail on our website www.bankinter.com, which contains a specific section for each plan. You can check the risk level of your pension plan in the related prospectus, in compliance with order ECC/2316/2015.
 You may only cash in or surrender your plan if you are faced with any of the liquidity contingencies or exceptional circumstances stipulated in the regulations on pension plans and funds.
The value of the rights of transfer, pension benefits and exceptional liquidity circumstances depends on the market value of the pension fund assets and may result in significant losses.
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially lower
return. Lower risk
Potentially higher
return. Greater risk
On a scale of 1 to 7, the risk level of Bankinter Pension Plans varies between 2 and 6. Category “1” does not mean that the investment is risk-free.
The risk level of every Bankinter pension plan is described in detail on our website www.bankinter.com, which contains a specific section for each plan. You can check the risk level of your pension plan in the related prospectus, in compliance with order ECC/2316/2015.
 You may only cash in or surrender your plan if you are faced with any of the liquidity contingencies or exceptional circumstances stipulated in the regulations on pension plans and funds.
The value of the rights of transfer, pension benefits and exceptional liquidity circumstances depends on the market value of the pension fund assets and may result in significant losses.

Saving for retirement

Saving for retirement

It's a constant source of worry. We think about it, but we always put it off: it's a long way off and it is hard to imagine, but actually it's easier than you think. We get things out of proportion — when really it's small step, but one that we must take with determination.
  • A point we all want to reach, don't we?
  • A point in our life which is just as interesting as any other.
  • A time when we can carry on being ourselves.

First of all:

if you're here, it's because you're worried about your retirement, your pension.
Very often, both concepts are used. When we say that we are worried about our retirement, what we are really worried about is money, our pension, what capital we are going to have to maintain our current standard of living, how to carry out our projects, how not to depend on others, how to continue doing the same things we do now — just with a few more wrinkles, and not in such good shape. Basically, when we think about our retirement, we want to answer these two questions:
  • How much will I get for my state pension?
  • Will it be enough?
Here are the answers, only yours:

Now, six tips to put into practice today

Tips which will come in handy tomorrow
If, as we thought, you've also come to the conclusion that you want to save more for your future retirement, here are some tips to make the process easier and more interesting.
  • The sooner you start, the better

    What would be ideal? The best thing would be to start saving when our working life begins. The sooner we start the better, as we will build up more interest over the years. It might not seem like a lot at first, but in time, it will be much more. And, best of all, later in life you won't have to make such an effort.

  • It's never too late

    Never think this. There is a gulf between the ideal and reality. You can begin sooner or later, and you will have to make more or less of an effort, but some kind of effort is always better than not doing anything at all.

  • Find a meaning for your savings

    We all find it hard to put aside part of our income for something that seems a long way off, but think of all the things you would like to do or continue to do when you are older - you can't turn the clock back, but on the plus side you will have more time and more freedom at this point in your life. Think of something, create a goal and turn your savings, your dreams, into something real.

  • Calculate how much you can afford to save

    If you don't yet earn much in the way of income, don't worry and remember that: the earlier you begin, the more interest you will earn. Think of an amount which is not too big or not too little, one you can actually afford.

  • Without stress, little by little

    For a long-term savings project, being consistent is more important than the amount you actually contribute. What is really important is to develop the habit, for you to accept this expense as something that is inevitable and that you need.

  • If you receive extra income, make an extra contribution

    Unfortunately it does not happen as often as we would like. But it is a good target to put aside some of the extra income we get, from our pay, or in a month where we have a little money left over, for example.

And one last piece of advice, which you'll love: take advantage of the tax benefits.

Given the uncertainties concerning the state pension system, Spanish legislation has for many years encouraged people to save for retirement through pension plans(1) and EPSVs(2). A formula that allows you to save for the future, where you will get benefits from day one, starting today.
  • The tax saving is not just a saving, it directly reduces the tax base of your income tax return

See Taxation in Navarre Taxation in Navarre

Taxation in Navarre

Contributions up to 50 years: the tax base reduction limit is 30% of the net income from gainful employment/economic activities, with a maximum of €2,000

Contributions by people aged over 50: the tax base reduction limit is 50% of the net income from gainful employment/economic activities, with a maximum of €5,000

In favour of your spouse: with net income from work/economic activities of less than €8,500 euros, with a maximum of €2,000.

See Taxation in the Basque Country Taxation in the Basque Country

Taxation in the Basque Country

Individual contributions: maximum €5,000.

In favour of your spouse: with net income from work/economic activities of less than €8,000, with a maximum of €2,400.

See Taxation in the rest of Spain Taxation in the rest of Spain

Taxation in the rest of Spain

Contributions up to 50 years: the tax base reduction limit is 30% of the net income from gainful employment/economic activities, with a maximum of €2,000

In favour of your spouse: with net income from work/economic activities of less than €8,000, with a maximum of €1,000.

Retirement savings calculator

With just a little information and a few minutes, you can plan your retirement: define your goal, how much to contribute...
simulate Pension plan redemption

Pension plan redemption calculator

Find out the redemption options of our pension plans using real data.
simulate

Other retirement formulas you may not have heard about:

You can invest in the various types of pension plans and EPSVs, which are customised retirement products, in property, in deposits, etc. But there are also other very interesting formulas depending on your age and your specific situation. You might not have heard of these ones:

Savings plan3

  • Complete liquidity 15 days after you set it up.
  • While you save, you're not paying tax.
  • You can choose between a lump sum or a life annuity.
  • If you choose to redeem your savings in the form of an annuity, you can apply a lower rate of tax from the fifth year after the first contribution.
  • As it is an insurance policy, if you die, your beneficiaries will also receive an extra 5%(4) on the accumulated fund.
  • This is a unit-linked life-savings insurance product, which can result in the loss of the invested capital because it is the policyholder who assumes the risk of the investment.

Delegated investment for pension plans

  • Put the management of your pension plans in expert hands, always from your profile as an investor.
  • You can delegate your pensions from €8,000.
  • And you can put forward cash or pension plans already arranged at Bankinter

FAQs with clear answers.

Our FAQs section answers the questions you have trouble understanding about financial products: pension plans, investment funds, etc.

Bankinter has the solution

We’re here to answer your banking queries and provide you with technical support.

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