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Couple planning their financial freedom with the Allianz Fondovida unit-linked savings plan in Spain

Allianz Unit Linked in Spain

Allianz Fondovida is a unit-linked life insurance plan for people who want market returns with the flexibility and tax advantages of insurance. Start from just €50 with no contribution limits, choose your funds, switch between them whenever you like without paying tax, and withdraw part or all of your money from the second month. For expats who are tax resident in Spain, it’s a tax-efficient Spanish alternative to keeping savings in wrappers from back home, explained in English.

Invest from €50, with no contribution limits, in funds from Allianz Global Investors, PIMCO and BlackRock, switch without paying tax and withdraw from month two. Advice in English.

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Unit Linked benefits

From €50: single, regular or one-off contributions icon

From €50: single, regular or one-off contributions

Switch funds whenever you like, at no cost and without tax icon

Switch funds whenever you like, at no cost and without tax

Partial or full withdrawals available icon

Partial or full withdrawals available

Benefits

6 reasons why Fondovida beats traditional savings products

No tax until you withdraw icon

No tax until you withdraw

One of the big advantages over holding funds directly: you pay no tax on your gains until you take money out. While your money stays invested, switching between funds doesn't trigger any income tax (IRPF).

Move your investment freely icon

Move your investment freely

Reallocate your portfolio and move from one strategy to another as often as you need, at no extra cost and without paying tax on the gains each time you switch.

Fund investing for everyone icon

Fund investing for everyone

You don't need a large sum to start. Fondovida lets you invest from just €50, with a single premium, regular monthly contributions or extra contributions at any time, building your savings at your own pace.

Your money available when you need it icon

Your money available when you need it

From the second month you can withdraw part or all of your money, without the restrictions of pension plans or the lock-in of fixed-term deposits. You receive the value of your funds at that time.

A wide range of funds icon

A wide range of funds

Fondovida gives you access to a diversified range of funds: fixed income, equities, multi-asset, SRI/ESG strategies and specific themes, from managers such as Allianz Global Investors, PIMCO and BlackRock. Your certified adviser helps you build the right mix for your profile.

Insurance that also protects your family icon

Insurance that also protects your family

As a life insurance policy, Fondovida includes death cover: if the insured person dies, the designated beneficiaries receive the accumulated value of the investment. Growth for you and security for your loved ones.

Good to know

Unit-linked savings for expats in Spain: four things to know

A Spanish tax-compliant wrapper icon

A Spanish tax-compliant wrapper

Once you're tax resident in Spain, savings wrappers from home, such as a UK ISA, usually lose their tax advantages. A Spanish unit-linked policy lets your gains grow tax-deferred under Spanish rules.

A Spanish tax-compliant wrapper icon

A Spanish tax-compliant wrapper

Once you're tax resident in Spain, savings wrappers from home, such as a UK ISA, usually lose their tax advantages. A Spanish unit-linked policy lets your gains grow tax-deferred under Spanish rules.

Only the gain is taxed icon

Only the gain is taxed

When you withdraw, you pay tax only on the gain portion of the amount you take out, as savings income at 19% to 30%, not on the money you originally invested.

Only the gain is taxed icon

Only the gain is taxed

When you withdraw, you pay tax only on the gain portion of the amount you take out, as savings income at 19% to 30%, not on the money you originally invested.

Name your beneficiaries icon

Name your beneficiaries

Life insurance is paid directly to the beneficiaries you designate. Spanish inheritance tax applies, and if you live in the Region of Murcia close relatives can benefit from a 99% tax credit.

Name your beneficiaries icon

Name your beneficiaries

Life insurance is paid directly to the beneficiaries you designate. Spanish inheritance tax applies, and if you live in the Region of Murcia close relatives can benefit from a 99% tax credit.

You're investing, not saving icon

You're investing, not saving

The value of a unit-linked policy moves with the funds you choose: your capital is not guaranteed. If you want guarantees, look at Plazo Flexible or Allianz Capital.

You're investing, not saving icon

You're investing, not saving

The value of a unit-linked policy moves with the funds you choose: your capital is not guaranteed. If you want guarantees, look at Plazo Flexible or Allianz Capital.

Discover the real potential of your savings

Choose a fund and enter the amount you want to invest. The calculator shows how compound growth could work over 3 and 5 years, using a reference return taken from the fund’s past performance. It’s an illustration, not a promise.

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FAQs

Fondovida unit-linked savings: frequently asked questions

Allianz Group

The strength of a global insurance and investment 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 unit-linked investment insurance. Our certified advisers build a personalised Fondovida portfolio for you, fully adapted to your risk profile, time horizon and goals, in English. The first review is free and without obligation.

This is a marketing communication. Past performance is not a reliable indicator of future results. Investing involves risk: the value of the funds can go down as well as up, and you may not get back the amount originally invested. Read the key information document (KID) before making any final investment decision.