Do you want to know if you are eligible to become a member of Mutualidad?
Each person has their own circumstances and needs, which is why this Plan de Renta Vitalicia offers two types of annuity.
Which do you prefer: Leaving a larger amount to your heirs or having a higher monthly income?
Only part of the income obtained will be taxed as income from investment capital, depending on your age at the time of taking out the contract.
This percentage will remain unchanged throughout the life of the insurance policy, except in Navarra, where it will be updated as the member comes of age.
The withholding tax rate in force at the time shall be applied to the calculated yield.
|Age of employment||% of taxable income|
|Under 40 years||40%|
|Between 40 and 49 years||35%|
|Between 50 and 59 years||28%|
|Between 60 and 65 years||24%|
|Between 66 and 69 years||20%|
|70 years and over||8%|
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.
With the Remunerated Life Annuity insurance you will receive a monthly annuity payment for life. It is a safe, cost-effective and fiscally very attractive way of converting a savings into a pension.
At Mutualidad there are up to 2 types of annuities, from the classic – in which the pension is paid indefinitely, for as long as the insured person lives – to one in which it is possible to recover the contribution made.
The life annuity, regardless of the type of annuity chosen, begins to be paid from the first month of effective payment of the premium, and will continue to be paid to the member in natural, full and in arrears monthly instalments.
The annuities received are taxed as income from investment capital for personal income tax purposes. The tax rate is set at 19% up to 6,000 euros, 21% up to 50,000 euros and 23% for the rest.
But the tax benefit is that part of it is exempt. Only a percentage of the annual income received is taxed, which is established according to the age of the beneficiary at the time of setting up the contract (e.g. if the beneficiary is 70 years old at the time the policy is taken out in 2018, the percentage of income taxed is only 8%, which reduces the withholding tax to 1.52% instead of 19%).