Pension Plan rebate offer

When you switch, open or make a contribution to your pension plan

Pension Plan cash rebate

Earn a 3% rebate!

Promotional code: MIPLAN20

Become a customerMore info  

Start planning today for your future peace of mind. From €6 and with no additional fees.

With no additional fees

No transfer fee.
No custodian fee.
Fees charged by the asset manager of the plan apply.


 

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More than 35 plans to choose from

Wee offer a wide range of pension plans from 5 asset managers.
 

 

 

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Set up automatic contributions and relax

Increase your pension plan bit by bit with automatic contributions. All you need to do is choose how much and how often you want to contribute.

 

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All investments carry some level of risk, including the lack of return and/or loss of principal invested.

The level of risk and the information for each of the Pension Funds marketed by Open Bank, S.A. is detailed in the Prospectus or Key Investor Information Document (DFI) for each one of the Pension Finds, available at www.openbank.es

 

Find the pension plan that best meets your needs.

Pension Plan Finder

 

These are the most searched plans among investors at Openbank

riesgo

Asset and sub-asset class
Global Equity

Return in 2020
10.21%

Minimum initial investment
€6.01

riesgo

Asset and sub-asset class
Sector Equity

Return in 2020
28.04%

Minimum initial investment
€30.05

riesgo

Asset and sub-asset class
European Government Bonds

Return in 2020
1.51%

Minimum initial investment
€30

Accounts with a team of investment specialists with extensive experience

Do you want to bring your pension plan to Openbank? Our team of AFI-certified investment specialists with vast experience are always on hand to help. Call: (+34) 91 177 33 16

Want to know more about Pension Plans?

How can I transfer my Pension Plan to Openbank?

To switch the pension plan you have in another bank to Openbank, all you have to do is: 

Print  this document. Fill it in, sign it and send it to us by e-mail, together with the last statement of the plan, to inversiones@openbank.es. Or, if you prefer, you can send it back to us by ordinary post to the following address (you don't need to buy a stamp, we provide you with a free postage label along with the plan transfer application document. You just have to print it, cut it out and stick it to an envelope):

Openbank
Operations/Products Department.

Paseo de la Castellana nº 134

Madrid 28046

When we receive your application, we will contact the corresponding managers to start the switchover.

If you have any questions, email us at inversiones@openbank.es or call us on (+34) 91 177 33 16 and ask to speak to one of our specialists.

What is a pension plan?

It is a savings product to accumulate capital in the long term, which allows you to complement the pension you will receive when you retire.

A pension plan pools the money contributed by a large number of investors (participants), and an asset management firm is responsible for managing it in order to obtain the best possible return by investing in a series of assets, such as shares, bills, bonds, debentures, etc.

The DDFP (Key Participant Information Document) for the different pension plans that we market can be consulted on the main page for each one of the plans at www.openbank.es

What are the tax benefits of pension plans?

As of 1 January 2020, the maximum reduction in Personal Income Tax (IRPF) for investments in pension plans is €2,000. For example, with an annual contribution of €2,000 to your pension plan, taking into account a marginal tax rate of 24% in the Personal Income Tax (IRPF), you could save up to €480 in your tax return.

Take advantage of this tax benefit and find the pension plan that meets your needs here – there are over 35 to choose from. With Openbank, you won’t be required to pay any additional fees other than those charged for the plan itself. Plus, for your convenience, you can set up regular contributions.

For further information, read this article on our blog.

How much can I contribute?

You decide the quantity and frequency of your contributions, which could be from €6.

When and how will you recover your money?

You can redeem your pension plan when you retire and in exceptional cases such as severe disability, serious illness or long-term unemployment, among others. In addition, from 2025 onwards, you can request the redemption of shares with a minimum seniority of 10 years.

On cashing it in, you have four options: 

  • In the form of capital, i.e., a lump sum all at once.

  • In the form of periodic payments.

  • In a mixed form, i.e., a one-off payment and the rest periodically. 

  • In the form of one-off payments, with total flexibility.  

How can you take out a pension plan?

Our pension plan finder allows you to choose from a wide range of plans. You can access the pension plan that best suits your needs and take it out by clicking on the sign up button

If you prefer a more personalised service, call us on (+34) 91 177 33 16 and our team of pension plan professionals will help you with whatever you need.

 

If you are not yet a customer, become one here.

What is a Pension Plan transfer?

A transfer involves moving the money that you currently have invested in a pension plan to a different pension plan.

Do you need more information?

We make it simple. Call us on (+34) 91 177 33 16 and our team of pension plan professionals will be glad to help with whatever you need.

How can I transfer my Pension Plan to Openbank?

To switch the pension plan you have in another bank to Openbank, all you have to do is: 

Print  this document. Fill it in, sign it and send it to us by e-mail, together with the last statement of the plan, to inversiones@openbank.es. Or, if you prefer, you can send it back to us by ordinary post to the following address (you don't need to buy a stamp, we provide you with a free postage label along with the plan transfer application document. You just have to print it, cut it out and stick it to an envelope):

Openbank Operations/Products Department.

Paseo de la Castellana nº 134

Madrid 28046

When we receive your application, we will contact the corresponding managers to start the switchover.

If you have any questions, email us at inversiones@openbank.es or call us on (+34) 91 177 33 16 and ask to speak to one of our specialists.

What is a pension plan?

It is a savings product to accumulate capital in the long term, which allows you to complement the pension you will receive when you retire.

A pension plan pools the money contributed by a large number of investors (participants), and an asset management firm is responsible for managing it in order to obtain the best possible return by investing in a series of assets, such as shares, bills, bonds, debentures, etc.

The DDFP (Key Participant Information Document) for the different pension plans that we market can be consulted on the main page for each one of the plans at www.openbank.es

What are the tax benefits of pension plans?

As of 1 January 2020, the maximum reduction in Personal Income Tax (IRPF) for investments in pension plans is €2,000. For example, with an annual contribution of €2,000 to your pension plan, taking into account a marginal tax rate of 24% in the Personal Income Tax (IRPF), you could save up to €480 in your tax return. Take advantage of this tax benefit and find the pension plan that meets your needs here – there are over 35 to choose from. With Openbank, you won’t be required to pay any additional fees other than those charged for the plan itself. Plus, for your convenience, you can set up regular contributions.

For further information, read this article on our blog.

How much can I contribute?

You decide the quantity and frequency of your contributions, which could be from €6.

When and how will you recover your money?

You can redeem your pension plan when you retire and in exceptional cases such as severe disability, serious illness or long-term unemployment, among others. In addition, from 2025 onwards, you can request the redemption of shares with a minimum seniority of 10 years.

On cashing it in, you have four options: 

  • In the form of capital, i.e., a lump sum all at once.

  • In the form of periodic payments.

  • In a mixed form, i.e., a one-off payment and the rest periodically. 

  • In the form of one-off payments, with total flexibility.  

How can you take out a pension plan?

Our pension plan finder allows you to choose from a wide range of plans. You can access the pension plan that best suits your needs and take it out by clicking on the sign up button. 

If you prefer a more personalised service, call us on (+34) 91 177 33 16 and our team of pension plan professionals will help you with whatever you need.

 

If you are not yet a customer, become one here.

What is a Pension Plan transfer?

A transfer involves moving the money that you currently have invested in a pension plan to a different pension plan.

Do you need more information?

We make it simple. Call us on (+34) 91 177 33 16 and our team of pension plan professionals will be glad to help with whatever you need.