It is a contribution to your Pension Plan that is made automatically with the frequency that you choose. By making periodic contributions, you will gradually increase the amount of savings invested in your Pension Plan.
It allows you to save gradually, spreading the effort throughout the year according to your income.
You can plan your saving over the year, deciding the frequency of your contributions (monthly, quarterly, etc.) and the amount, thus avoiding last-minute forgetfulness.
You can modify these conditions at any time or even stop making contributions.
On the screen you can choose your preferences in the different fields:
You choose the amount to contribute, with a minimum and maximum.
You choose the frequency of the contribution.
You choose the account from which the contribution is going to be made.
You choose the pension plan where you want to make the contribution.
To finish, review the documentation and confirm the operation by entering your password.
The annual limit of all the contributions you make for all of your Pension and Benefit Plans as a whole amounts to €8,000.
All the information is available to you from the global position of the bbva.es website. By accessing your Pension Plan's information, you can check the number of shares you have, its net asset value and access the file of the management company where you will find complete information on the plan, its evolution, profitability, documentation, etc.
Any additional contributions you make to a pension plan, once its guarantee has started, are not covered by the guarantee.
The contributions made reduce the general part of the taxable income base for Personal Income Tax purposes, with the annual limits established by the legislation in each territory, with the consequent tax saving for the participant.