Savings and retirement: top up your pension with tax-efficient products
Pension plans, insured pension plans, PIAS or SIALP. We explain how each insured savings product works and which fits your tax position and your timeframe.
The state pension will not match your current standard of living
For high earners, the gap between their last salary and the state pension can be very large. Saving systematically over many years is the most effective way to close it.
Insured savings products combine that saving with tax advantages, either when you contribute or when you receive the money. Choosing well depends on your age, your income tax rate and when you will need the money.
Worth knowing
If you are a business owner or executive, company pension schemes allow higher contributions than individual plans. It makes sense to combine them.
The cover worth having
Pension plan
Reduces your income tax base when you contribute, within the limits set by law.
Insured pension plan (PPA)
The same tax treatment as a pension plan, with an interest rate guaranteed by an insurer.
PIAS
Long-term savings whose returns are tax-exempt if taken as a lifetime annuity, subject to requirements.
SIALP
Five-year savings insurance with tax-exempt returns, up to the permitted annual limit.
Lifetime annuities
Turn a lump sum into a guaranteed income for life.
Company schemes
Company contributions for executives and employees, with their own tax treatment.
Specific cover depends on the policy and insurer chosen. We set out in writing what each proposal includes.
What we review before recommending a policy
We compare the leading insurers and review the points that, on the day of a claim, decide what you will be paid.
- Time horizon. When you will need the money and how much access you need.
- Tax. Whether the advantage is more useful to you when contributing or when cashing in.
- Guarantees. Whether the product guarantees the capital or an interest rate.
- Costs. Fees and charges that reduce returns.
- Combination. How your personal products fit with the company's.
Your family's insurance, with the same rigour as your company's
Many of our private clients are business owners and executives who already trust us with their company. We review their personal insurance with the same technical rigour and, if a claim arises, our own claims department, supported by the Group's Legal Department, Trebia Abogados, defends them before the insurer until they are paid.
What clients usually ask us
How much can I pay into a pension plan?
The law sets an annual limit for individual contributions, which can be increased with contributions to company schemes. We tell you the current limits in your case.
What is the difference between a PIAS and a pension plan?
A pension plan gives you the tax advantage when you contribute and is taxed when you receive it. A PIAS gives no relief on contributions, but its returns can be tax-exempt if taken as a lifetime annuity, subject to requirements.
Can I get my money back before I retire?
It depends on the product. Pension plans can only be cashed in in specific circumstances; other products are more liquid, sometimes with a tax penalty.
Do you advise me where to invest?
We explain insured savings products and their features so you can decide with full information. We do not provide investment advice on securities.
We will prepare a free savings review for you
Tell us who you are and one of our specialists will contact you to review your current policies or present comparative proposals. If you are already a Trebia client through your company, let us know.
- Comparison across more than 40 insurers
- A review of your current policy, if you have one
- A single point of contact who also supports you with claims
Request your review
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