Hiring a pension plan is one of the most popular among (ניהול תיקים) Spaniards in finding an ideal complement for options board public retirement Social Security. At a time that is in question the viability of the current public pension system, should consider what advantages and disadvantages may have to hire a pension plan, the right age to do so and other aspects, as detailed from Consumer . At what age? As a tool for long-term savings, experts recommend to open as soon as possible , from the time when the working life begins; that is, at the time when it has some saving capacity.
Recommend always guaranteed fixed income plans, in addition to protecting investment, provide a type of insurance at maturity interest. Deductions based on age It provides a number of tax advantages such as defer paying taxes (קרן גידור ) on that money paid into the plan to completion. So, when you start the inputs, that capital may be deducted from the taxable income of the income statement. Taxation plays a key role in the timing of hiring a pension plan, since deductions are set depending on the age of the taxpayer and increase as the retirement date approaches: Under 50 years . They may be deducted the lesser of the following amounts: 10,000 euros, which is the maximum contribution they can make, or 30% of your income (net earned income over their earned income). Over 50 years . They may be deducted the lesser of these amounts: 12,500 euros or 50% of their income. Meanwhile, people with disabilities can raise these rebates up to 24,500 euros and still enjoy tax advantages. By hiring a pension plan, contributions are accumulated and invested in financial assets are managed by a management company are carried out.
Thus, "vested rights" are generated, that is, the contributions plus income generated (the profitability) to mark the amount of the benefit. This capital will be charged at the end of the plan and supports and public pension benefits to which also may be entitled. Most people who sign a pension plan have between 35 and 55 years and each investor should analyze your particular situation. But, depending on the profile of each type of subscriber, your risk aversion and income, experts and consultants, in an indicative way, recommend splitting the savings for the retirement plan as follows: Under 40 years . Advise hiring a pension plan predominance of equities: 70% versus 30% in fixed income. It poses a greater risk, but also more profitable. They argue that being younger, in case of losses for the risk taken, have more time to recover. It must also deal with the effects of inflation , because money does not generate a return at least equal to the annual inflation rate is losing value. For this age group, from Inverco recommend pension equity and mixed equity (equities, 30% and 75%, and the remainder in fixed income securities). Up to 45 years . Diversify between equities and fixed income, roughly in proportion 60% and 40%, respectively. Up to 55 years . Reverse follows: in equities 45%; and fixed in 55%. From 55 years . (ניהול תיקים)
It is recommended to invest 30% in equities and 70% in fixed income. In Inverco pension plans include fixed income securities, short-term (up to 24 months) or long term (over 24 months), and mixed fixed income plans, with equities up 30%. Between 60 and 65 years . There is increased risk aversion and safe bet although lower investment returns. Experts advise pension bond from this age. recommendations Compare and diversify . In the time to invest in a pension plan, as with any investment, the first recommendation is to compare and diversify, thus achieving decrease the risk. We must examine the profitability of the various plans offered on the market, commissions (usually high) and portfolio management. It should also diversify the portfolio as widely as possible in different plans, investing in equities and bonds, and adapt the plan to the age of the participant, beginning on a product of a certain risk when you approach retirement end up with a plan low-risk pension. Regulatory changes .
Pension plans are a financial product and, therefore, are subject to legislative changes. Usually these modifications relate around the regulation on the way are transferred or type of taxation to which it is subjected. It should not only follow the evolution of the fund, but also the regulations. Pension plan vary . If the participant is unhappy with your pension plan, you may transfer the plan consolidated rights to another of the same or different entity. This transfer does not generate any tax impact for the beneficiary. Rescue money . It is a product of long-term savings, so in a pension plan capital is shielded. However, they fit the following cases covered by the Act Regulating Pension Plans and Funds to allow rescue: When the participant reaches retirement age . In case of serious illness.During disease disability laboral.Cuando the subscriber is in a situation of long-term unemployment (to stop receiving unemployment insurance) .Muerte the participant (his heirs). In terms of taxation, when benefits pension plans are received, they are considered earned income for purposes of income tax and can be retrieved in three ways : As the capital, ie, in a single payment it includes contributions plus earnings. In the form of income, which is the most common and involves receiving the amounts contributed in several regular payments. [אלגו טריידניג]
Mixed way, with a portion in capital and rent the other. Advantages and disadvantages Only two out of ten citizens have taken out insurance savings or pension plan, well below the European average. But what are the pros and cons? Taxation . The main advantage is the tax deductions that allow differing practice and taxes at the time of the rescue, ie not pay taxes on the amount deposited with the limits described. The downside comes when removing it, when we do have to deal with the taxes by remote quantities; and could in the future be paid more taxes than were saved at home. A good idea is to take the money in stages, as income, because taxes will be lower by the progressivity of the income tax. Flexibility . Another advantage is that the participant has a lot of flexibility to set both the amount and the periodicity of the contributed money and there is no obligation to contribute. Guarantees . Most of the plans offered no guarantee of invested capital, excluding guaranteed, as investing in funds is subject to market outcomes. A disadvantage brandished by both experts and investors. Liquidity . Contributions to a pension plan can not be recovered until reaching retirement, or just in case you are in any of the cases referred to in the Act Regulating Pension Plans and Funds. This is a liquidity problem that other vehicles do not offer long term investment, such as investment funds or insurance savings, where the money is recoverable at any time. This aspect, along with the previous point, has led investors to seek other similar products. Less diversified portfolio . Another disadvantage is that pension plans do not allow to diversify as much as with other funds. Thus, they are more subject to the vagaries of the market, which affects their profitability. Low profitability . Accumulate pension plans, on average, a depreciation of 0.81% annually over the past five years. In 10 years, the annual return of just over 1%, below the increase in inflation during the same period. Hence, alternative investments such as savings plans (PPA, PIAS) or pension funds capture and get more money from investors than pension plans.
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