Users who currently have contracted some of the pension plans with Bankia are in luck. Among other reasons because from now on they will be rewarded and therefore they will get more out of this retirement product. As you have commented in your recent press release. In a commitment to this financial product that has become more relevant due to the low pensions that currently exist in our country. Although at the moment, this strategic measure has not been transferred to other banking entities in Spain.
Well, to get to the point in this article, it should be noted that according to Bankia it will pay a bonus of up to 5% to those who make contributions and transfers to pension plans within the framework of the pension campaign, which will run until the end of anus. The scheme of bonuses and the discount percentage will depend on the amount contributed or mobilized from other entities, the destination plan and the commitment to stay.
On the other hand, from this bank it is reinforces its pension campaign with the launch of the 'Bankia Protegido Renta Premium X' plan, which guarantees upon maturity, in December 2026, a accumulated revaluation of 16,82%, which represents a 2% APR. This product is exclusively aimed at attracting new contributions and external mobilizations from third parties.
Bankia adapts them to the needs
It should also be noted that this product complements the list of pension plans that are marketed by the entity, with which it is possible to invest in the main financial markets, adapting to the client's expectations based on their profile and the risk involved. want to assume. In this way, Bankia clients can make contributions to short term fixed income plans, long-term fixed income, mixed fixed income, mixed variable income, variable income, guaranteed or even profiled.
Bankia in its press release is committed to personalized advice as an essential element to achieve the final objective of a adequate retirement benefit. Advice that takes into account the characteristics of the client, such as their age and risk profile, and that periodically reviews the recommended products, in order to offer at all times the most appropriate plan or plans for their profile as an investor.
Pension plan simulator
In order to help all those who want to plan their retirement, Bankia puts at your disposal a powerful simulator to detect the best pension plan, in what is constituted as an online tool with which the interested party can calculate monthly rent that you could obtain at the time of your retirement starting from the monthly payment that you save for this purpose. You can also find out how much you would have to contribute to your pension plan to obtain a certain amount of savings at the time of your retirement.
Additionally, the bank will encourage contributions to pension plans with different gift packages depending on the contributions made to these instruments. Depending on the amount contributed, the plan participant can choose between two gifts: a physical or digital gift, consisting of a voucher, for a certain amount, redeemable on Amazon. As a new commercial strategy to opt for this very special product for the golden years of the clients.
With the generation of gifts
In this way, the customer will be able to choose between the gifts based on the following scaling:
- For contributions y entre 3.000 4.999, the participant will be able to select an Amazon voucher for 25 euros or an automatic wine opener. For contributions between 5.000 and 7.999, you can choose between a 45 euro voucher to spend on Amazon or a Sony portable speaker. For contributions between 8.000 and 15.999, you can choose between a check for 100 euros for purchases on Amazon or a sports watch.
- And finally, to contributions from 16.000 euros, the customer can choose between a coupon valued at 250 euros to exchange it for any article from Amazon or a Toshiba Smart TV. Where the client himself will be able to make his contributions or mobilizations to pension plans from the entity's digital channelsEither from Bankia On Line, or using the bank's app. In addition, from these digital platforms you can consult the gifts to which they can choose based on the sums contributed.
Data on the plan market
Currently, more than 20% of pension plan sales are made through digital channels, seven points more than a year earlier. Despite the fact that there is a certain precaution to subscribe this class of financial products so special and at the same time necessary for a good part of Spanish society. In part, caused by the low amount that you present at the moment the public pensions and whose minimum amount stops next year is around the 650 euros a month. Including the new appraisals carried out by the current government of Spain. A reality to which a good part of the Spanish pensioners are not unaware.
Is it convenient to hire this product?
On the other hand, it is necessary to analyze from these moments if in reality worth subscribing as of this current year. Because in effect, one of the motivations for subscribing a product of these characteristics resides in the fact that the applicant has a very low contributory pension and that it does not allow him to have an efficient quality of life during the enjoyment of his golden years. With a pension plan, you can increase your income based on the contributions you have made during your life. That is, you can adjust it to your real needs and as a complement to the pension you receive.
At the moment, the minimum pension in Spain is one of the lowest in the European Union, where the minimum hardly exceeds the level of the 600 euros per month. While the non-contributory is stipulated for this year at 386 euros per month. This low monetary perception generates that a good part of the workers have to look for a complement to it. And it is at this level where the so-called pension plans that are present in the offer of the main banking entities play a very relevant role.
Minimum pensions in 2019
Looking ahead to this current year, pensions will be revalued initially according to the inflation forecast (1,6%), with the same guarantee of compensatory pay in the event of a deviation in inflation at the end of the year, as will happen this year. As a consequence of this measure, contributory pensions will be established in the following way that we detail in this information.
Retirement pension of a holder aged 65 or over
In modality with a dependent spouse, 810,60 euros. Without spouse, 656,90 euros. With a non-dependent spouse 623,40 euros.
Retirement pension of a holder under 65 years of age
In modality with a dependent spouse, 759,90 euros. Without spouse, 614,50 euros. With a non-dependent spouse 580,90 euros.
Retirement pension 65 years from severe disability
In modality with a dependent spouse, 1.215,90 euros. Without spouse, 985,40 euros. With a non-dependent spouse 935,1 euros.
Permanent disability pension: severe disability
In modality with a dependent spouse, 1.215,90 euros. Without spouse, 985,40 euros. With a non-dependent spouse 935,10 euros.
Absolute permanent disability pension
In modality with a dependent spouse, 810,60 euros. Without spouse, 656,90 euros. With a non-dependent spouse 623,40 euros.
Non-contributory pensions
Another aspect that must be taken into account is that of people who cannot access contributory pensions. Fundamentally for not contributing fifteen years in the Social Security contributions and that they have as a last resort to demand a non-contributory pension. Well, this aid to people who are between 65 and 67 years of age will be paid, if they meet all the requirements, with a monthly payment of 385 euros.
Although for this they should not have income above 7.200 euros approximately a year. If for any circumstance, they had an annual income above the considerations, this official aid would be withdrawn to a minimum that is established around 110 euros per month. In which case, one of the solutions to having a decent retirement would be to extend it through a more or less stable pension plan. Although, of course, it will be very necessary to formalize it with due foresight so that the amount is really significant.
Another measure to correct this monetary deficiency would be based on hiring an investment fund in its most varied models. But in no case do they guarantee a minimum profitability, but on the contrary it can even generate a negative balance as it has happened in the year that we have just closed. With significant decreases in their investment portfolios. And it is at this level where the so-called pension plans that are present in the offer of the main banking entities play a very relevant role.