Risk level
1/6 This number is indicative of the risk of the product, being 1/6 indicative of lower risk and 6/6 of higher risk.
Liquidity alerts
Reimbursement, redemption or early repayment of part or all of the principal amount invested is subject to fees or penalties.

PIAS Mutualidad

Save with tax benefits

We know that achieving a good retirement is a concern for many people and at Mutualidad we want you to know that we have what you need.

PIAS Mutualidad* is an Individual Systematic Savings Plan (PIAS) aimed at people seeking to supplement their pension with a private insurance policy that covers retirement and death contingencies and also obtain a tax yield from the savings by collecting it in the form of an life annuity.

*System included in the Plan Universal de la Abogacía

Excellent return
*Profitability at the end of 2023. 3.83% pending approval by the 2024 General Assembly. Past returns do not presuppose future returns.

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When can I redeem my money?

If you need to, you can withdraw your money early under these conditions: during the first year you can only redeem the contributions made; from the second year onwards, the redemption value will be the accumulated fund minus a penalty of 2.5%, which is reduced to 1% during the third year. Once two years have passed, there will be no redemption charge, although you will not be able to enjoy the tax benefits until the fifth year .

Main advantages of this product

The most important feature of this product is that first of all, you get tax benefits or liquidity and you are also guaranteed the premiums net of expenses and costs of the risk coverage. On the other hand, the profitability is associated with the returns obtained by the investment portfolio related to this product, which makes it very safe.

What do I need to do to take out the policy?

If you are already a member, you can apply for this product by logging into your user area.

If you are not yet a member, you can sign up for this product by downloading and completing the application form.

Need help?

We are at your disposal to answer any questions you may have about this product and its contract, do not hesitate to contact us.

Frequently Asked Questions
Can I increase the death capital?

In the PIAS Mutualidad it is not possible to extend the death cover.

What is the minimum age for taking out the PIAS?

The minimum age to take out the PIAS Mutualidad is 18 years old. However, there is no maximum age at which it can be taken out.

What risk cover can I take out?

With PIAS Mutualidad you cannot take out additional risk cover beyond the basic death cover included by default in all our savings products. You can also apply for an advance payment of funeral expenses from the death compensation paid.

How is the PIAS beneficiary taxed?

The beneficiary of a PIAS will pay Inheritance and Gift Tax, the amount of the settlement being determined according to the relationship with the insured person and the pre-existing assets of the beneficiary.

What are the tax advantages of PIAS?

In order to obtain tax benefits, redemption must take place 5 years after the first contribution and in the form of an annuity.

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