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What do you want to redeem?

Partial or total redemption of your Savings Plan

Click here and learn all about Savings Plan procedures.

Redemption of any other savings product

Such as an individual savings (PIAS), Future Savings or Multi-investment plan. For this type of procedure, please contact your nearest branch.

Annuity redemption, Annuity 70%-80%-90% or Decreasing Capital Annuity

The redemption of an annuity entails the loss of tax benefits obtained thus far. Find out more at your local Banco Sabadell branch.

Transfer your individual pension plan to us and improve its performance!

If you transfer your individual pension plan with a minimum amount of €4,000 before 30 June 2023, we’ll give you 6%!* Find out more
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Faq

Have any other questions?

What would be involved in redeeming an annuity in the forms in which redemption is permitted?

The redemption of an annuity in the case of annuities that allow redemption will always have tax implications, and it may or may not have financial implications:

Tax implications

The previously exempt income must be taxed, meaning that tax advantages enjoyed until that time will be lost.

Financial implications

Depending on the type of annuity taken out and the time at which it’s redeemed, this may entail the loss of part of the capital contributed.

For both reasons, it’s not advisable to take out an annuity if you expect to need the capital in the future.

How can I find out which annuity is best for me?

In order to select the best annuity, there are basically three things to consider:

  1. Whether your monthly annuity will cover your needs.
  2. Whether you want your capital sum or annuity to be transferred to your heirs in the event of your death.
  3. Whether or not the annuity can be redeemed
What will happen if I live for less time than indicated in my life expectancy prediction?

It will depend on the type of annuity you have taken out. We offer a wide range of annuities, some of which allow you to leave your beneficiaries a capital sum or lifetime monthly annuity.

What will happen if I am lucky enough to live a much longer-than-expected life?

The advantage of annuities is that they guarantee payment of the agreed income for as long as you live. You will therefore be able to enjoy your annuity income for many years to come.

Is it possible to redeem a life annuity?

The possibility of exercising the right of redemption depends on the type of annuity taken out. As the tax implications of redemption are highly significant, it’s therefore not advisable.

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BanSabadell Pensiones EGFP, S.A., holder of Tax ID No. A58581331, with registered office at Calle Isabel Colbrand, 22, 28050 Madrid. Registered in the Madrid Companies Register and in the Insurance Entities Register of the Directorate-General of Insurance and Pension Funds (DGSFP) under code G-0085.

Insurance brokered by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A., holder of Tax ID No. A-03424223, with registered office at Avenida Óscar Esplá, 37, 03007 in Alicante, and registered in the Alicante Companies Register and in the Administrative Register of Insurance and Reinsurance Distributors of the Directorate-General of Insurance and Pension Funds (DGSFP) under code OV-0004, having taken out a liability insurance policy pursuant to prevailing regulations on private insurance and reinsurance distribution.