What are you looking for?
Oops! No results found
We have not found any results. Try refining your search criteria or starting a new search.
...if you don’t need to cash-in the plan, you can continue to contribute and reduce your tax liability.
...to cash-in your plan the same year you retire, as it will be taxed as income from work and added to your payroll and/or compensation amounts, hence increasing your marginal income.
...8 years, and our financial needs are generally greater in the later years. It’s precisely during this time when we need more help and may need to redeem previously purchased savings products.
In order to select the best annuity, there are basically three things to consider:
The possibility of exercising the right of redemption depends on the type of annuity taken out. As the tax implications of redemption are highly significant, it’s therefore not advisable.
The redemption of an annuity in the case of annuities that allow redemption will always have tax implications, and it may or may not have financial implications:
Tax implications
The previously exempt income must be taxed, meaning that tax advantages enjoyed until that time will be lost.
Financial implications
Depending on the type of annuity taken out and the time at which it’s redeemed, this may entail the loss of part of the capital contributed.
For both reasons, it’s not advisable to take out an annuity if you expect to need the capital in the future.
The advantage of annuities is that they guarantee payment of the agreed income for as long as you live. You will therefore be able to enjoy your annuity income for many years to come.
It will depend on the type of annuity you have taken out. We offer a wide range of annuities, some of which allow you to leave your beneficiaries a capital sum or lifetime monthly annuity.
*Do not attach sensitive documentation. Any sensitive documentation sent through this mailbox will be deleted.
BanSabadell Pensiones E.G.F.P., S.A., holder of Tax ID No. A58581331, with registered office at Calle Isabel Colbrand, 22, 28050 Madrid. Registered in the Madrid Companies Register and in the Insurance Entities Register of the Directorate-General of Insurance and Pension Funds (DGSFP) under code C-0085.
Insurance brokered by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A., holder of Tax ID No. A-03424223, with registered office at Avenida Óscar Esplá, 37, 03007 in Alicante, and registered in the Alicante Companies Register and in the Administrative Register of the Insurance Entities Register of the Directorate-General of Insurance and Pension Funds (DGSFP) under code OV-0004, having taken out a liability insurance policy pursuant to prevailing regulations on private insurance and reinsurance distribution.