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

This product does not require a liquidity alert.

Plan Renta Vitalicia

A monthly income from day one

The Plan Renta Vitalicia is a safe and reliable way to have your savings protected and receive an annuity for life – or for as long as you need it – along with attractive tax benefits.

This insurance product is aimed at people who already have savings capital and want to protect it with the security of obtaining a high return and at the same time receiving a regular income.

Download application

Excellent return

3,30% Technical interest rate for new registrations starting 04/1/2024. Past returns do not imply future returns.

*Returns before management fees and insurance coverage costs. Gross yield 3.30%. The effective return determined by the quotient between the total income for the year and the contribution paid for the life annuity form with full return of the capital contributed (with surrender) depends on age and varies between 3 % and 3.10 % for contracting ages between 60 and 90 years. For other age groups or for partial repayment of capital, please consult Mutualidad. Past returns do not imply future returns.

Do you want to know if you are eligible to become a member of Mutualidad?

Who can be a member of Mutualidad?

Characteristics

Guaranteed profitability

We guarantee you a minimum income for the entire duration of the contract and an income established at the time of contracting for the entire calendar year.

Security

Mutualidad de la Abogacía takes care of everything so that you have no worries knowing that your savings are in the best conditions.

Tax benefits

The income is taxed as income from capital and benefits from a reduction depending on your age at the time of contracting.

Liquidity

The Life Annuity options allow the partial or total investment to be recovered at any time, after the first year of the contract.

Types of income

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?

Full return

In this mode, you will be able to withdraw your capital in full after the first year, but your monthly income will be lower than in the other type.

In addition, in the event of your death, the beneficiaries designated by you would be paid a benefit equal to the capital contributed plus 2%.

Partial return

In this type, you will also be able to withdraw the capital from the first year onwards, but the limit of the redemption amount will decrease by 2% each year, as will the death benefit. In return, your monthly income will be significantly higher.

The recoverable amount corresponds to the paid-in capital reduced by 2% for each year.

Large tax benefits

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%

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.

Download application

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.

Documentation extra

Regulation

Product sheet

Application

Previous informative note

Frequently Asked Questions

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%).