Capitalization Insurance or Retirement Savings Plan (PPR)
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Savings with clear rulesThere are capitalization insurance policies and PPRs with capital guaranteed by the insurer, under the terms of the contract, and others linked to investment funds, where you can lose capital. We explain the differences.
All done remotelyYou apply online and a dedicated manager supports you by phone or email all the way through to the policy being issued by the insurer.
Conditions from several insurersWe work with several insurers, either directly or through our commercial agreement with Seguramos – Corretores de Seguros, S.A.
Capitalization insurance: save with an insurance contract
A savings product taken out with an insurerWith a capitalization insurance policy, you pay one or more premiums to an insurer and receive the accumulated capital at the end of the term or on redemption. Depending on the product, the capital and return may be guaranteed by the insurer or depend on the performance of investment funds, with a risk of loss. The conditions, costs and redemption penalties are set out in the pre-contractual information for each product.At the end of the term, you can redeem the accumulated savings and use the amount however you wish. As a rule, this type of insurance is part of a long-term strategy and these savings are intended to complement your retirement income.
PPR: an investment that goes beyond retirement
The PPR (Retirement Savings Plan) is a retirement savings product that, within the limits and conditions set by law, entitles you to a deduction in IRS. This benefit depends on your tax situation and must be repaid, with an increase, if you redeem outside the legal conditions.Tax benefits of the PPR
IRS deductions
| Age | Deductible percentage | Investment amount | Maximum tax deduction |
|---|---|---|---|
| Under 35 years old | 20% | €2,000 | €400 |
| From 35 to 50 years old | 20% | €1,750 | €350 |
| Over 50 years old | 20% | €1,500 | €300 |
With €2,000 invested in a PPR, you can deduct up to €400 from your IRS bill, if you have tax to pay, within the overall deduction limit for your household and provided you do not redeem outside the legal conditions (in that case, the deduction must be repaid, increased by 10% for each year). Age is counted as at January 1 of the year in which you make the contribution.
Taxation on redemption
One of the biggest advantages of a PPR is how interest is taxed when you redeem the amount.If you redeem your PPR in one of the situations provided for by law (for example, from age 60), only two fifths of the income are taxed, at a rate of 20% — an effective rate of 8%. Outside these situations, the income is taxed at 21.5%, which falls to 17.2% between 5 and 8 years and to 8.6% after 8 years, if at least 35% of the contributions were made in the first half of the plan.The longer you keep your PPR, the lower the tax you pay on income.
Redeeming your PPR to pay your Mortgage
When can you use a PPR to reduce your monthly mortgage payment?You can redeem your PPR to pay the monthly payments on the Mortgage for your primary residence. To avoid losing the IRS deduction, you can only redeem without penalty the contributions made at least 5 years ago; the redeemed amount must be used for that payment.No mediation costs for you
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What people say about us
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It is a medium- to long-term savings financial product, created to complement your retirement, allowing you to build up capital gradually, with associated tax benefits.
Savings discipline, potential for long-term growth (with risk of loss in products linked to funds), and IRS tax benefits, both when you invest and when you redeem.
Yes. The amounts invested can be deducted from your tax bill, within the legal limits set according to the holder’s age.
It depends on the product. Some PPRs are insurance contracts with capital guaranteed by the insurer, under the terms of the contract, and others are linked to investment funds, where the value fluctuates with the markets and you can lose capital. The information document for each product indicates the risk level.
Yes, in situations provided for by law, such as long-term unemployment, serious illness, permanent disability, or payment of Mortgage installments.
There is a tax penalty, with repayment of the IRS benefits used and application of a higher tax rate on the income.
Yes. The earlier you start, the greater the benefit of compounding tends to be. Even so, it remains efficient in later stages of working life.
Yes. Transfers are possible and allow you to adjust the product to your investor profile, without losing the tax benefits already accumulated.
A PPR in the form of insurance is a contract with an insurer; a PPR in the form of an investment fund is managed by a management company and supervised by the CMVM. In both cases there may or may not be capital guarantees, depending on the product. CrediSegur, as an insurance agent, only offers PPRs in the form of insurance.
It depends on your risk profile, time horizon, financial goals, and tax situation. Expert guidance is essential for an informed decision.
It is a medium- to long-term savings and investment financial product that allows you to build up capital with high flexibility and tax efficiency.
Capitalization Insurance is not focused on retirement and does not offer IRS deductions, but it provides greater flexibility for redemptions and tax-efficient treatment of income.
It depends on the product. Some have capital guaranteed by the insurer, under the terms of the contract (for example, only at maturity); others are linked to investment funds and you can lose capital.
Yes. Taxation applies only to the income component and benefits from reduced rates when held for the medium to long term.
Yes. Redemptions are flexible and can be made partially or in full, without having to meet specific conditions as with PPRs.
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