In Spain, the state pension is nothing great. (To say the least) A supplementary pension is required to make ends meet in your old age. Thanks to attractive premiums and tax benefits, you can safeguard the old age of you and your employees.
"Pension legislation changes every year, you don't want to depend on that."
Entrepreneurs usually use their own capital during a pension. But unfortunately we often come across that companies in their last years do not run as predicted. As a result, you run the risk of having little or no supplementary pension.
You can collectively save for yourself and all your employees. It is attractive to anyone who works in Spain and wants a guaranteed supplement. Because a pension scheme is very desirable as fringe benefits, the government encourages all entrepreneurs.
All secondary employment schemes such as health insurance and collective pension savings are tax deductible. Collective pension savings are cheaper, and therefore very attractive with a tax advantage.
We would like to refer you to EuroEconomics for a complete overview of business tax benefits.
Usually, a pension plan runs until your retirement age. It is also possible to transfer a pension plan to a new employer. In the event of dismissal, illness or death, you can have the saved amount paid out immediately.
When you reach retirement age, you have two choices.
You can have the amount paid out in parts (monthly) or all at once.
A pension savings plan is no ordinary savings plan. In pension savings, absurdly high interest rates are not promised and the minimum payout is determined. With ordinary savings plans you do run the risk of losing (partly) your investment.
We are happy to inform you free of charge and without obligation about all the options for you and your staff.