If you're already a customer, open your Wefferent account through Online Banking (see infographic) or the Grupo Cajamar App (see infographic).
If you're not a customer yet, become one online with your Wefferent account through our website or the Grupo Cajamar App in just 10 minutes (see infographic).
It is an online savings account, with no fees or charges, where month by month you receive the interest earned by your savings.
At this moment, upon reaching the age of majority, they will become the full legal holder of the account. The Minors Account will become a Youth Account with all available features.
An individual pension plan is a long-term savings product designed to help you prepare financially for retirement. Its main objective is to generate savings that complement the public Social Security pension, helping you maintain your standard of living after retirement. By investing in a pension fund, your money is managed by a management company and held by a custodian institution, with the aim of obtaining returns adjusted to the level of risk according to the chosen asset allocation strategy.
One of its main attractions is the tax benefits available under Personal Income Tax (IRPF). Annual contributions made to a pension plan directly reduce the taxable base of the tax, resulting in an immediate tax relief. It is important to keep in mind the legal contribution limits (currently set at €1,500 per year for individual pension plans), as they allow you to optimise your tax bill while building your retirement savings plan. See more in the article What is the tax deduction for a pension plan?
The choice depends on your risk profile and, above all, on your investment time horizon.
Good portfolio diversification helps manage market volatility over the years.
When planning your retirement, you can choose from several withdrawal options:
Regarding the taxation of withdrawals, the funds are taxed as employment income. It is possible to apply a 40% reduction to the benefits corresponding to contributions made before 2007 (subject to certain time-related conditions).
The withdrawal of a pension plan is linked to specific contingencies: retirement, disability, death (in which case the beneficiaries receive the funds), or dependency. In addition, there are exceptional liquidity situations, such as long-term unemployment or serious illness. Currently, it is also possible to withdraw contributions that were made more than 10 years ago.
No. Transfers between pension plans are completely tax-free. You will not have to pay taxes for moving your savings from one institution to another (technically known as a pension plan transfer). You will only be taxed when you decide to withdraw the funds upon retirement.
To benefit from our pension plan transfer offer with a bonus of up to 5%, you must request external transfers for a total amount equal to or greater than €5,000 into one of the plans included in the promotion, in addition to complying with the commitment period established in the legal terms and conditions.
Yes. You can transfer to our pension plans any vested rights you hold as a participant in a pension plan with any other financial institution.
Although users commonly search for “retirement plan transfer” offers, the products eligible for this promotion are legally Pension Plans and PPAs (Insured Pension Plans). If you have a conventional savings insurance product, we recommend contacting us so that we can assess your individual situation.
Yes, of course. Once your money is with us, we offer you complete flexibility to make internal pension plan switches. This allows you to adapt your investment to your age or risk profile at any time, without any penalty or tax impact.
It is the money you decide to allocate to your pension plan with the aim of saving for your retirement.
You can make one-off or regular contributions (for example, monthly, quarterly, etc.), allowing you to build long-term savings in a highly flexible way.
In addition, contributions to pension plans may offer tax advantages, as they reduce your Personal Income Tax (IRPF) taxable base, within the limits established by current regulations.
The bonus will be paid in the manner and within the timeframes indicated in the promotion terms and conditions.
Pension plans are long-term savings products primarily designed for retirement, and therefore their liquidity is limited.
As a general rule, you may withdraw your pension plan in the following situations:
In addition, you may also access the vested rights corresponding to contributions made at least 10 years earlier, under the terms established by current regulations.
Please note that, when the pension plan is withdrawn, the benefits are taxed as employment income for Personal Income Tax purposes.
The choice of pension plan depends on your risk profile, savings goals and the time remaining until retirement. In general:
In any case, you can adapt your contributions to the plan that best suits your circumstances at any given time and even switch plans without any tax cost.
The bonus is subject to compliance with the conditions established in the promotion terms and conditions.
As a general rule, you may qualify for the bonus depending on the type of transaction:
The bonus will be calculated as a percentage of the contributed or transferred amount, according to the specific conditions of the promotion.
You can find full details in the legal terms and conditions.
To benefit from the bonus, it is necessary to comply with a holding commitment, in accordance with the promotion terms and conditions.
In general:
During this period, you must maintain the committed balance in Grupo Cajamar pension plans.
In the event of non-compliance with these conditions:
Contributions to pension plans:
Please note that, when the pension plan is withdrawn, the benefits are taxed as employment income for Personal Income Tax purposes.
We are saddened to think that you want to leave us. But if it is not what you expected, unsubscribing is very simple, from the App and without paperwork.
It is a 100% online account. If you are over 18 years old and live in Spain, you can open yours through Online Banking and the Grupo Cajamar App. If you do not have access to these channels, you will have to register for them first at your branch.
When the account holder reaches the age of majority, the legal representative will be automatically removed from the account. However, through Online Banking (Accounts/My Accounts/Modification of account participants), the account holder can add or remove participants, allowing the addition or removal of account holders/authorized users.
Everything you can do with any other current account, except request cheques and promissory notes.
No. This account can only be used for savings via transfers sent from another of your accounts. This account cannot be used for direct debits, cards, cheques, or as a linked account for other products such as insurance or securities accounts. For your everyday banking needs, you can open one of our instant access accounts either online or in branch.
If you want to close the account while the child is still a minor, you can do so through your regular branch like any other account.
That’s right, as long you operate over the Internet.
If, on the other hand, you trade at the branch, you will have a cost depending on the transaction and a maintenance fee of €20 per month.
APR -3.93 % - NIR 0 % calculated for a 12-month term with an assumed daily balance of €6,000 constant during the settlement period.
APR -1.98 % - NIR 0 % calculated for a 12-month term with an assumed daily balance of €12,000 constant during the settlement period.
There’s no limit. You can transfer as much or as little as you want to your account. All you have to do is transfer it.
Yes, as long as the account holder is a minor and the purpose of the account is to build up savings for the child and cover any expenses they have.
Of course. But face-to-face services will carry a transaction cost and a maintenance fee of €20 per month.
APR -3.93 % - NIR 0 % calculated for a 12-month term with an assumed daily balance of €6,000 constant during the settlement period.
APR -1.98 % - NIR 0 % calculated for a 12-month term with an assumed daily balance of €12,000 constant during the settlement period.
The interest will be paid every month into the savings account itself.
Yes, but they will have an associated cost. The account has an administration fee of €0.60 per direct debit.
Yes. Always… enjoy it ;-)
You can withdraw all or part of your savings whenever you need to, with no penalties, by transferring the required amount to one of your other accounts.
Once you have opened the Junior Account, apply for the junior prepaid card from your regular branch.
As long as one or more purchases are made per year, the cost of the card will be €0, otherwise it will have a maintenance fee of €6 per year.
The legal representative can recharge it at any time via On Banking, the App or any ATM.
Once you have opened the Junior Account, you must register the child with Online Banking through your own Online Banking. Find out how to do this step by step with this infographic.
Un autònom pot mantenir un màxim de dos comptes Autònom a l'entitat.
