Why invest in a pension plan

Why invest in a pension plan?

Save money in plans now and rest in the future

Save money in plans now and rest in the future

Find your plan

4 reasons to purchase a plan

  • Save for your retirement: The sooner you start, the more savings you will accumulate and the calmer you will feel when your retirement approaches.

  • Tax advantages: For every €1,000 you invest in your pension plan you can save up to €450* on your tax declaration, depending on your income and what you contribute.

  • Save at your own pace: Make contributions from €6 when you want throughout the year. You can have as many plans as you like in order to diversify your investment.

  • Profitability: The profitability of the pension plan you choose depends on your investment strategy and the evolution of the markets.

What advantages are there for you in Openbank?

  • Specialists available for you: Our team of investment specialists is on hand to help you with whatever you need.

  • Without added fees: You will only pay the management and deposit fees detailed in the Document of Fundamental Data for the participant in each plan.

  • With total flexibility: You can move your money from one pension plan to another, whenever you want. It is simple and costs nothing.

  • A wide range of products: We have different pension plans in different markets and assets so that you can find the best balance between risk and return.

*To calculate this amount, we have assumed the maximum tax rate (45%). The actual fiscal saving will depend on the personal circumstances of each customer and can vary in the future.

Find the pension plan that best suits your needs.

Plan Finder


Would you like to know more about pension plans?

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

The pension plan brings together the money contributed by a large number of investors (participants), and a management company is responsible for managing it to obtain the best possible return by investing in a series of assets, such as shares, bills, bonds, obligations, etc.


You will pay less tax. You can save up to 45%* of your annual contribution in your tax declaration, depending on your income and how much you invest.

The money you contribute each year will not be taxed by the tax authorities until you redeem your plan.  

* Estimate considering the maximum rate of tax withholding (45%).

Regardless of your age, you decide the frequency and amount of money that you put in - which must be between €30 and €8,000 per year, taking into account that the limit is 30% of the sum of income from work and financial activity.

In addition, you must take the following points into account:

  • If your spouse receives an income lower than €8,000 per year, you can also reduce their contributions with a maximum annual limit of €2,500.

  • If you have a physical or sensory disability equal to or greater than 65%, mental health disability greater than 33% or have been legally declared disabled, regardless of the level of disability, you will be able to contribute up to €24,250 per year.

  • If you are a family member of a person with a disability (direct line, collateral line up to third degree or spouse) and you want to make contributions in their favour, you make do so in addition to your own contributions, taking into account the annual limit of €10,000/year.

  • In the contributions for a disabled person, the first ones to be reduced will be those that the person with the disability makes, and only if they fall short of the limit will it be possible to reduce the contributions of the family members up to a combined limit of €24,250.

You can redeem your pension plan when you retire. Although you can also do this in exceptional cases, such as major disability, serious illness or long-term unemployment, among others.

When you cash in your plan, you have four options: 

  • In the form of capital, that is to say, all at once.

  • In the form of income, through periodic payments.

  • In a mixedform, a quantity at one time and the rest periodically. 

  • In the form of payments without regular frequency, with total flexibility. 

Individuals entitled to receive the money accumulated in your pension plan:

  • If you retire or have a permanent incapacity to perform your regular profession or absolute incapacity to perform any type of work, severe disability, long-term unemployment or severe dependence or require long-term care, you will be the beneficiary.

  • In the event of your death, the beneficiaries will be the persons you designated upon taking out the plan. If you decide not to designate anyone, the beneficiaries will be the lawyers.

Our advanced search engine will allow you to filter and select from between a wide range of plans. So you can find the pension plan that best suits your needs and open it from the detailed information by clicking on the button to open it. 

If you prefer more personal treatment, call us on +34 91 177 33 16  and our team of pension professionals will help you with everything you need.

If you are not yet a customer, become a customer right here

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

To switch the pension plan you have in another entity to Openbank you only have to do the following: 

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):

Operations/Product Department.

Paseo de la Castellana nº 134

Madrid 28046

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

If you have any questions send us an email to inversiones@openbank.es or call us on +34 91 177 33 16 and ask for one of our specialists.

We make it extremely simple for you. Call us on 91 177 33 16 and our team of pension plan professionals will help you with whatever you need.