3 months free on your Allianz health insurance · Until 31 January 2027
Client areaESEN
Get a quote
Relaxed woman confident about her financial future with the Allianz insured pension plan (PPA) in Spain

Allianz insured pension plan in Spain

If what you need is complete security, the Allianz insured pension plan (Plan de Previsión Asegurado, PPA) is the answer. Unlike traditional pension plans, the PPA guarantees a minimum interest rate from day one, plus an additional interest rate reviewed every year. It offers the same Spanish tax relief as a pension plan, with no market risk, and we explain everything in English.

Guaranteed capital and interest, the same tax relief as a pension plan and no stock market risk. Advice in English from Murcia.

Calculate my tax saving

View plan

3%

GUARANTEED RATE (TAE)

Minimum interest rate guaranteed for the whole plan icon

Minimum interest rate guaranteed for the whole plan

Additional interest reviewed and credited every year icon

Additional interest reviewed and credited every year

The same tax relief as any pension plan icon

The same tax relief as any pension plan

Our plan

Everything you need to know about the Allianz PPA

You know exactly what you'll get icon

You know exactly what you'll get

The Allianz PPA guarantees a fixed minimum interest rate from the moment you take it out, for the whole life of the plan. Your savings grow steadily and predictably, regardless of what the stock markets or interest rates do.

An extra on top of the guaranteed rate icon

An extra on top of the guaranteed rate

On top of the guaranteed minimum, the Allianz PPA pays additional interest each year linked to the results of its insurance portfolio. This extra is added to your guaranteed return without any additional risk to your accumulated capital.

Insurance with the tax relief of a pension plan icon

Insurance with the tax relief of a pension plan

Technically the PPA is an insurance contract, not an investment fund, which gives you maximum capital security. At the same time, your contributions reduce your Spanish taxable base exactly like a pension plan, up to the legal limit.

Good to know

A guaranteed pension plan in Spain: four things expats should know

For savers who want no market risk icon

For savers who want no market risk

The PPA suits expats close to retirement who want to lock in what they've saved, or anyone who doesn't want their retirement savings exposed to stock market falls.

For savers who want no market risk icon

For savers who want no market risk

The PPA suits expats close to retirement who want to lock in what they've saved, or anyone who doesn't want their retirement savings exposed to stock market falls.

Tax relief only if you pay tax in Spain icon

Tax relief only if you pay tax in Spain

Contributions reduce your Spanish taxable base (up to €1,500 a year and 30% of your net earned income), so the PPA is most useful if you're tax resident here.

Tax relief only if you pay tax in Spain icon

Tax relief only if you pay tax in Spain

Contributions reduce your Spanish taxable base (up to €1,500 a year and 30% of your net earned income), so the PPA is most useful if you're tax resident here.

Move your Spanish pension plan into it icon

Move your Spanish pension plan into it

You can transfer the savings from a Spanish pension plan into the PPA, or the other way round, at no cost and without tax. Pensions from other countries generally can't be moved this way.

Move your Spanish pension plan into it icon

Move your Spanish pension plan into it

You can transfer the savings from a Spanish pension plan into the PPA, or the other way round, at no cost and without tax. Pensions from other countries generally can't be moved this way.

Name your beneficiaries clearly icon

Name your beneficiaries clearly

If you die, your savings go to the beneficiaries you designate. Spanish residents pay income tax on them rather than inheritance tax, and different rules may apply if they live abroad.

Name your beneficiaries clearly icon

Name your beneficiaries clearly

If you die, your savings go to the beneficiaries you designate. Spanish residents pay income tax on them rather than inheritance tax, and different rules may apply if they live abroad.

Calculate how much tax you could save this year with a PPA

The PPA has the same tax relief as a pension plan. Choose your region, enter your gross income and your contribution to see an estimate of your tax saving, and we’ll confirm your exact figure and the current guaranteed rate with you in English.

Estimate your Spanish income tax saving

Your region in Spain

▼
Gross annual income
€
15,000 €100,000 €
How much do you want to contribute?
€
0 €1,500 €

You could save

€425
Estimated marginal rate applied: 28.3%

Estimated taxable base: €30,725 (your salary minus about 6.5% social security, €2,000 of expenses and, where applicable, the earned income reduction). State and regional IRPF scales as published by the Spanish Tax Agency (AEAT).

Indicative estimate for a Spanish tax resident in Region of Murcia. The relief is capped at €1,500 a year and 30% of your net earned income, and your real saving depends on your taxable base. We'll check your exact figure with you in English.

FAQs

The Allianz insured pension plan (PPA): frequently asked questions

Allianz Group

The strength of a global insurance group

Founded in 1890 icon

Founded in 1890

Present in around 70 countries icon

Present in around 70 countries

Solvency II ratio above 200% icon

Solvency II ratio above 200%

'AA' rating from S&P icon

'AA' rating from S&P

Investment expertise icon

Investment expertise

AMB Seguros is an exclusive Allianz agency in Murcia specialising in guaranteed retirement savings. If you want maximum security for your pension without depending on the stock market, and with the tax relief of a pension plan, the Allianz PPA is a risk-free option we can explain to you in English.