5. Individual systematic savings plans (PIAS)

Regulations: Third Additional Provision Law IRPF

Individual Systematic Savings Plans (PIAS) are contracts signed with insurance companies to establish an insured life annuity with the resources contributed, to which the Personal Income Tax Law grants a more beneficial tax treatment, when 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