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Practical Income Manual 2019.

Individual systematic savings plans (PIAS)

Regulations: Additional Provision third Law Personal Income Tax

Individual systematic savings plans (PIAS) are configured as contracts entered into with insurance entities to constitute an insured life annuity with the resources provided, provided that the following requirements are met:

  1. Instrumentation and form of perception of benefits
  2. Minimum contribution period. Maximum annual contribution and total amount of accumulated premiums
  3. Provision of economic rights and taxation of the insured annuity