A savings plan for your employees

How it works

• Defined contribution: the company sets the amount and how often it is paid
• The savings build up in each employee's name
• Allianz guarantees a percentage of the contributions
• There is a dynamic management option, with more weight in equities
• Savings your staff hold with another company can be transferred into this policy
• The benefit is paid at retirement, on top of the state pension

Depending on the option chosen and on what is agreed in the group policy. You get the guaranteed percentage and the exact conditions in writing before you sign anything.

Good to know

• This is a savings policy, not an occupational pension plan (plan de pensiones de empleo) and not a Plan de Previsión Social Empresarial. Allianz has those too. Tell us what you want to achieve and we will tell you which one fits — they are not the same thing and they are not taxed the same way.
• The more weight a product has in equities, the more its value can move. We explain that before you sign, not afterwards.
• For a quote we only need the number of employees, their years of birth and how much you want to pay in each year. Names come later.
• Joiners and leavers are reported during the year. There is no need to wait for the renewal.
• What happens to an employee's savings if they leave the company is set out in the policy. Ask us before you sign, not after — it is the point most often overlooked.
• When and how the employee can take the money is also set out in the policy. We show you that in writing.
• How the contributions are treated for tax, both for the company and on the employee's payslip, is for your gestor; we give them the documents they need.
• We advise with MiFID II qualification, in English, Spanish or German, at the office in Adeje.
• Allianz also has group policies for life, health, accidents, travel and pensions. If more than one is of interest, we can cover them in a single meeting.