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3% bonus for transferring your pension plan to BBVA

3% bonus for transferring your pension plan to BBVA

See the different pension plans that provide a bonus and the bonus conditions.

  • A 3% bonus, with no limit on the amount transferred.
  • You will not be taxed for transfers between plans.

If you have any questions about the transfer bonus, request further information and we will contact you.

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What is a Pension plan transfer? 

It is a process whereby the pension plan holder may decide to transfer all or part of the funds of the same, known as consolidated rights - in a simple process that can be done as often as the client wishes.

How can I transfer my pension plan to a BBVA plan?  

The plan holder must inform BBVA (the bank that will receive the transfer of funds) of the details of the operation. For example, the amount of capital they want to transfer, the fund they have chosen to invest in and the product the consolidated rights will come from. The transfer process will be undertaken by BBVA, the bank receiving the capital.

How much is the bonus on the amount transferred to a BBVA plan? 

You will receive 3% of the amount transferred from a pension plan in another entity to a BBVA pension plan

Does a transfer between pension plans incur any cost or tax repercussions?

No. Transfers between pension plans do not affect your tax advantages, the process is completely free of charge and does not carry fees.

How long does it take to transfer a pension plan?

By law, this process cannot take more than five business days if the transfer occurs between different banks or three business days if the transfer occurs between products of the same bank.

See legal notice

Fixed income plans

These pension plans invest the majority of their assets in fixed-income (obligations and bonds, treasury bonds, promissory notes, etc.).

Plan name Description Initial minimum amount Documents Signing up and transfer
Norpensión Renta Fija, PPS It allocates all of its assets to investment in various fixed-income assets issued mainly in euros. €30.05 View documentation See full information
BBVA Fixed-Income Plan, PPI It invests in public and private fixed-income assets issued by OECD countries. €30.05 View documentation See full information
BBVA Plan Renta Fija Internacional Flexible, PPI Choose active and flexible management of international fixed-income assets. €30.05 View documentation See full information

Mixed plans

These pension plans invest part of their assets in fixed-income and the other part in equity. The larger the percentage of equity, the greater the risk will generally be and, therefore, the potential gains will also be higher.

Plan name Description Initial minimum amount Documents Signing up and transfer
BBVA Plan Consolidación 85, PPI Renta Variable Mixta pension plan with the objective of achieving a daily net asset value not below 85% of the historic net asset value achieved by the fund. €30.05 View documentation See full information
Norpensión II, PPS Pension plan that allocates most of its assets to investment in various fixed-income assets and between 15% and 35% in equities. €30.05 View documentation See full information
Norpensión Dinámico, PPS Entrust your savings to an active and diversified management system with a variable income level of 15% to 80%. €30.05 View documentation See full information
Norpensión Equilibrado, PPS Entrust your savings to an active and diversified management system with a variable income level of 30% to 50%. €30.05 View documentation See full information
Norpensión Prudente, PPS Entrust your savings to an active and diversified management system with a variable income level of 0% to 20%. €30.05 View documentation See full information
BBVA Plan 30, PPI Retirement savings product that offers the possibility of diverse investment in the global fixed-income and equities market. €30.05 View documentation See full information
BBVA Plan 40, PPI Retirement savings product suitable for people over the age of 40 that offers the possibility of diverse investment in the global fixed-income and equities market. €30.05 View documentation See full information
BBVA Plan 50, PPI Retirement savings product suitable for people over the age of 50 that offers the possibility of diverse investment in the global fixed-income and equities market. €30.05 View documentation See full information
BBVA Plan Individual, PPI Pension plan that allocates most of its assets to investment in various fixed-income assets and between 0% and 30% in equities. €30.05 View documentation See full information
BBVA Plan MultiMultiactivo Moderado, PPI Entrust your savings to an active and diversified management system with a variable income level between 20% and 60%. €30.05 View documentation See full information
BBVA Plan Multiactivo Decidido, PPI Entrust your savings to an active and diversified management system with a variable income level between 50% and 90%. €30.05 View documentation See full information
BBVA Plan Multiactivo Conservador, PPI Entrust your savings to an active and diversified management system with a variable income level between 0% and 30%. €30.05 View documentation See full information
BBVA Plan Jubilación 2025, PPI Savings solution that actively allocates assets. Suitable for people with a retirement horizon close to 2025. €30.05 View documentation See full information
BBVA Plan Jubilación 2030, PPI Savings solution that actively allocates assets. Suitable for people with a retirement horizon close to 2030. €30.05 View documentation See full information
BBVA Plan Jubilación 2040, PPI Savings solution that actively allocates assets. Suitable for people with a retirement horizon close to 2040. €30.05 View documentation See full information

Equity plans

These funds invest the majority of their assets in equity (shares). Subcategories tend to be established depending on the markets or the business sectors in which they are invested,or other characteristics of the securities.

Plan name Description Initial minimum amount Documents Signing up and transfer
Norpensión Renta Variable, PPS Have the possibility of diversifying your savings in different equity assets. €30.05 View documentation See full information
BBVA Plan Renta Variable, PPI Diversify the investment of your savings in Global Equities assets. €30.05 View documentation See full information
BBVA Plan Renta Variable IBEX, PPI Obtain returns from investment in the largest companies on Spain's stock exchange, taking the IBEX 35 index as an example. €30.05 View documentation See full information
BBVA Plan Renta Variable Europa, PPI Have the possibility of diversifying your savings in different European equity assets. €30.05 View documentation See full information
Norpensión Renta Variable IBEX, PPI Obtain returns from investment in the largest companies on Spain's stock exchange, taking the IBEX 35 index as an example. €30.05 View documentation See full information
BBVA Plan Telecomunicaciones, PPI Offers clients the possibility of taking positions in the technology and telecommunications sectors in a diversified manner. €30.05 View documentation See full information

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New shareholders/members cannot sign up for guaranteed plans that have started their guarantee.

See legal notice

You will receive 3% of the amount transferred from a pension plan in another entity to a BBVA pension plan

Remember that you will not be taxed for transfers between pension plans.1.


Bonus of 3% (gross) of the transferred amount, applicable to transfers from pension plans not managed by the BBVA Group requested between 01/01/2018 and 09/30/2018 (inclusive) and to be paid into any of the pension plans indicated in the charts, provided funds are not transferred subsequently, in which case, a bonus will only be payable on the increase in equity.

Find the terms and conditions to which you must agree for bonus eligibility in the information attached and available during the pension plans transfer process at bbva.es. As a participant you must maintain any pension plans subject to the promotion for a period of 5 consecutive years, counting from the date on which the bonus is credited to you. Otherwise, you will be obligated to return the gross amount of the bonus received to BBVA*2.

See legal notice.