What is a pension plan/EPSV?

A pension plan is a product which allows you to save conveniently so that you can have a lump sum or an annuity available when you retire, in the event of disability, major dependency or, if you die, for your beneficiaries.

When should I start saving for retirement?

The sooner you start saving, the more money you’ll have for retirement. You can start saving with small monthly contributions, increasing or pausing them whenever you like, and you can also make as many one-off contributions as you feel necessary, on condition that you don’t go over the legally established maximum limit.

What are the tax advantages of pension plans?

When building up your retirement savings, this product allows you to deduct the amounts you contribute from your general taxable income within the limits set by law. Pension plans are the retirement savings product offering the most favourable tax treatment.

Is there a minimum contribution?

At AXA, you can make flexible contributions starting from €30 per month, and you can stop contributing or increase your contributions at any time if your financial situation changes.

When can I withdraw my savings?

The circumstances specified by law are retirement, total permanent disability, severe dependency or major dependency, along with additional cases requiring access to funds (serious illness, long-term unemployment and repossession of a home)

How many plans can I have?

You can diversify your savings across as many pension plans as you like, provided your contributions don’t go over the statutory limit.

Can I transfer funds between my pension plans?

You can transfer all your accumulated funds (vested rights) to other pension plans or a social insurance scheme without paying any penalties or fees.

Pension and retirement plans

Our comprehensive range of pension plans is tailored to suit any time horizon, including short-, medium- and long-term options, and any investment profile, your preferences and risk appetite. They include fixed-income, mixed fixed-income, mixed equity and equity plans (domestic, European and international).

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Tax advantages
Flexible contributions
No major effort required

Risk Indicator 1/6

Information notice: pursuant to Order ECC/2316/2015 of 4 November on the disclosure requirements and classification of financial products, the risk indicator and any liquidity and complexity warnings for this product are set out in the specific sales documentation relating to it and you may review them there. Endowment life insurance products, including assured pension plans, are classified at the lowest risk level (N1) on the credit rating scale.

To make your retirement easier

You can choose how your benefits are paid out to match your personal circumstances

Lump sum

Benefit paid as a lump sum (in full or in part)

Annuity

Benefit paid in regular amounts (financial or assured)

Mixed

A combination of the above

Documentation on pension plans

Pensions

Choose from our wide range of pension plans and select the one which best suits your needs
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EPSV

If you are resident for tax purposes in the Basque Country, choose the EPSV social insurance plan which best suits your needs
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Great flexibility to maximise the return on your investment

Flexible contributions

Option to make monthly, quarterly, half-yearly, annual and even extraordinary contributions. From just €30.05 per month

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Regular contributions

They allow you to offset negative market cycles with positive ones, resulting in lower investment risk

Switch whenever you like

You can change your chosen contribution method or amount, or even stop contributing during tough times until you’re able to do so again

At every stage of your life

Move as often as you like between a pension plan and a social insurance plan at no financial or tax cost, depending on your personal circumstances and market conditions

We're here to answer all your questions

A pension plan is a product which allows you to save conveniently so that you can have a lump sum or an annuity available when you retire, in the event of disability, major dependency or, if you die, for your beneficiaries.
The sooner you start saving, the more money you’ll have for retirement. You can start saving with small monthly contributions, increasing or pausing them whenever you like, and you can also make as many one-off contributions as you feel necessary, on condition that you don’t go over the legally established maximum limit.
When building up your retirement savings, this product allows you to deduct the amounts you contribute from your general taxable income within the limits set by law. Pension plans are the retirement savings product offering the most favourable tax treatment.
At AXA, you can make flexible contributions starting from €30 per month, and you can stop contributing or increase your contributions at any time if your financial situation changes.
The circumstances specified by law are retirement, total permanent disability, severe dependency or major dependency, along with additional cases requiring access to funds (serious illness, long-term unemployment and repossession of a home)
You can diversify your savings across as many pension plans as you like, provided your contributions don’t go over the statutory limit.
You can transfer all your accumulated funds (vested rights) to other pension plans or a social insurance scheme without paying any penalties or fees.

Need help?

At AXA, we’re always here for you, and you can reach us in a number of ways.

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