Llega la jubilación ¿Cómo rescato mi plan de pensiones?

Time for my retirement. How do I take my pension scheme?

When it’s time for your retirement, all you want is to be worry-free. That’s why we’re telling you how to take all your savings and the capital sum from your pension scheme. This is one of the most frequent questions when one is closer to their retirement and VidaCaixa helps you consider all the options available to take your money.

When you set up a pension scheme, you must check all the terms and conditions, including everything related to claiming the capital sum and the ways you can take your money when the time comes. You should know that the pension scheme can be claimed in several ways. 

You can take it as a capital sum, i.e. all at once as a lump sum. Or you can take it gradually, as a monthly income to add to the retirement pension paid by the government. But you can also choose to collect it both ways: one part as a lump sum and the rest as an annuity.


Recupera el plan de pensiones con VidaCaixa

Claim your pension scheme with VidaCaixa.

Plan well how you wish to claim your pension scheme! The key to making the most of your pension scheme from a tax point of view is to know how you’ll be taking the money considering the needs and amount of income received, and, especially, your needs and expenses. Remember that the higher the amount received every year, the higher the tax rate applied.



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  • How much should I save every month for my retirement?

    • There isn’t a specific amount to save, but we do advise you to put aside at least 10% of your monthly salary and go increasing it as your salary rises over time.

  • What should I do to have a good pension pot?

    • People often ask themselves what to do to have a good pension pot, but there isn’t a specific guide for this. What you really need is the help of an expert advisor or to draw up a plan with a pension scheme early on. We advise you to get going early on. So how do you prepare for your retirement? Some tips are first thinking about how you'd like to live when you retire. Estimate how much pension you’ll receive from the government, taking into account important factors like inflation and your return or risk profile. Look into pension schemes and set up the one that best fits your needs and persevere and be patient to avoid touching the nest egg you’re building for your retirement. 

  • How is the widow/widower’s pension stipulated?

    • The deceased must have been registered with the Social Security institution and paying contributions to it for a certain time. The calculation basis depends on the deceased’s situation (active worker or pensioner) and the cause of their death (common contingency or workplace contingency). Feel free to ask for advice.

  • When should I start saving up for my retirement?

    • There isn’t a specific age to start saving up for your retirement. But there is a maximum age accepted and recommended by any advisor: the sooner you start, the better, because it will require far less effort. Therefore, as soon as you have some savings capacity, like for example at 30, you should start saving up or even before if possible.

  • How can I retire at 55?

    • Generally speaking, you can’t retire at 55, as you need to reach the minimum age to be entitled to a forced retirement pension, which is four years before the legal retirement age.

  • How to get the best pension possible?

    • Firstly, you have to take into account your age, savings and income. We advise you to bear in mind all the keys to getting the best pension possible. Age is a determining factor in receiving your retirement pension, based on the number of years you’ve been paying contributions to the Social Security institution and the increased minimum age. As we know, the higher life expectancy has also meant an increase in the number of years you will be receiving said pension. Also, putting some money aside every month, as if it were a fixed expense, will be essential to build a nest egg that will add to your pension. With time and perseverance, you’ll be able to make those savings work for you and get the best return possible. 

  • How do I know if I’m entitled to a pension?

    • In order to be eligible for a pension, you must have paid contributions to the Social Security institution and have been working for the minimum time set to receive a pension. You can ask for this information online, through the Social Security website.

  • How long do I need to contribute to the Social Security institution to get 100% of my pension?

    • It depends on how old you are when you retire and the contributions made to the Social Security institution during your working life. The retirement age in Spain will increase gradually until 2027, when it will be 67 years. In 2018, the retirement age was 65 years and 6 months if you wanted to receive 100% of your pension.