Contingencies that allow you to rescue the plan

You can collect the accumulated amounts from your pension plan (the "consolidated rights") after retirement recognized by Social Security (whether at the ordinary, early, or deferred age) or, if you cannot access retirement, from the age of 65 (provided that you are not engaged in any activity and are not contributing).

In addition, there are other situations that allow you to redeem the consolidated rights. See them below:

• Falling into a situation of total permanent disability for the usual profession, absolute permanent disability, or severe disability, as well as in cases of severe dependency or high dependency.
• Suffer a serious illness that incapacitates for the usual occupation or activity for a minimum continuous period of three months and requires clinical intervention of major surgery or treatment in a hospital center, or that entails permanent sequelae that limit the occupation or activity (in both cases the condition must not lead to the perception of a permanent disability benefit, and must result in a decrease in available income due to increased expenses or reduced income).
• Being in long-term unemployment, provided that you are not entitled to unemployment benefits at the contributory level (or have exhausted them).
• In case of death, in which case the persons designated as beneficiaries in the plan itself can redeem it.
• Finally, remember that as of January 1,2025, you can withdraw the contributions made up to 2015, along with the generated returns. Contributions made from 2016 onwards can be withdrawn once the minimum ten-year holding period has been met.

 

 

Our professionals will inform you about the tax advantages of pension plans and the circumstances that allow you to redeem the contributions made.