PENSION PLANS FOR THE SELF-EMPLOYED WORKERS
As a self-employed worker in your own kitchen, every ingredient counts for your well-being.
Pension planss for self-employed workers
We're your partner for retirement because, as a self-employed person, every step counts for your well-being.
This time, yes. A new pension plan that lets self-employed workers increase the amount they contribute to pension plans and get greater tax relief at the same time.
- Improve your retirement without having to modify the contribution base.
- Get tax relief of up to €5,750 on your personal income tax base.
BK SELF-EMPLOYED WORKERS – SIMPLIFIED EMPLOYEE PENSION PLAN
Introducing our exclusive pension plan for self-employed workers:
- Moderate risk profile
- Invests between 25% and 50% in international equities. The remainder in fixed income and money market assets.
- Minimum contribution of €50.
Make a little effort, but this time for yourself.
Flexibility in contributions
Improve your savings capacity by systematising your regular or one-off contributions. Treat it as another expense that you have no choice but to make.
And think about the tax advantages
Think that your effort will be rewarded in the next fiscal year, when you get tax relief on your personal income tax base.
Pension Plan Specialist Service: a telephone service with experts on hand to answer all your questions.
Everything you get with our plans:
- A multidisciplinary team with expert knowledge of the markets.
- Active, flexible and dynamic management capable of detecting all opportunities, whatever the level of risk exposure.
- And, of course, the tax advantages offered by these plans.
If you have any questions, we'll be happy to answer them.
Who can take out this pension plan?
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Self-employed workers
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Incorporated self-employed workers who carry out their activity in the company itself
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Individual entrepreneurs with or without employees. If the self-employed person has employees, they can either take out this pension plan or alternatively promote and at the same time be a unit holder of a traditional employment plan, provided that it includes their workers, with contribution limits for the self-employed entrepreneur of €5,750 per year but €10,000 per year for their employees.
Are the tax conditions the same as for an individual or employment pension plan?
The treatment is the same but the contribution limit is different. Contributions to a pension plan for self-employed workers are deducted from the personal income tax base up to whichever of the following amounts is the lowest: €5,750 or 30% of the combined net income from employment and economic activities received during the financial year.
Redemptions and benefits are taxed in the same way: as income from work.
If I stop being self-employed, what happens to my plan?
From that moment, you will only be able to contribute €1,500 to an individual pension plan and keep the self-employed employment plan invested. In the year in which you become self-employed again, you will be able to make contributions to the plan for self-employed workers up to an annual limit of €5,750.
Can I transfer my exclusive plan for self-employed workers to another plan?
Yes, you can transfer it to other employment pension plans. If it is a unilateral decision by you as the unit holder, you can transfer it to other simplified employment pension plans for self-employed workers. If you are no longer a self-employed worker, you can move your vested rights to the employment pension plan of the promoting company in which you are a unit holder.
What are the redemption options of the pension plan for self-employed workers?
The redemption options of the pension plan for self-employed workers are the same as those for individual pension plans:
- Retirement
- Total permanent incapacity for the habitual profession
- Absolute incapacity for all work or severe disability
- Death
As with traditional plans, it also includes different liquidity scenarios:
- Unemployment
- Serious illness
- As from 2025, you will also be able to obtain liquidity on contributions made more than 10 years ago.
Useful information
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The unit holder key information document is available at bankinter.com. The promoter of the simplified pension plan for self-employed is the Colegio de Economistas de Albacete, with T.I.N Q0261001B. The Pension Fund Manager is Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros. The depositary of the pension funds is Bankinter, S.A.