Creand Performance Retirement Plan
Creand Performance Retirement Plan is aimed at people looking to obtain a guaranteed annual return and save with complete peace of mind.
Get a guaranteed net yield of 1.75% APR* in 2024 and 2025.
Enjoy a maximum bonus of €600**
Now with the Creand Retirement Income Plan you can get a maximum of €600** until 31st January 2025.
How do you get this bonus?
- Make a single extraordinary contribution of a minimum of €3,000 and a maximum of €30,000.
- Make a periodic contribution of €100 per month or €1,200 per year.
- Continue to fulfil these conditions for at least 3 years.
Check the terms and conditions of the offer here.
** Bonus of 2% of the initial extraordinary contribution (from €60 for a contribution of €3,000 and up to €600 for a contribution of €30,000), subject to tax withholding and compliance with the conditions of the promotion.
Characteristics
Designed for those looking to save with complete peace of mind, this product offers you the possibility of making extra income on top of the pension that, if applicable, you will get from CASS. This way, you can enjoy your retirement the way you want to.
- Savings grow through convenient regular (monthly, quarterly, half-yearly or annual) and one-off contributions (with a minimum amount of €300).
- Great flexibility when it comes to modifying or suspending the periodic contributions to be made.
- The product offers death coverage of up to €10,000.1
1€10,000 up to age 49, €5,000 from age 50 to age 54, €2,000 from age 55 to age 59 and €1,000 from age 60 to maturity.
Advantages
- Preservation of capital. 100% guarantee of the contributions on maturity of the product.
- Profitability with maximum transparency. We offer you a guaranteed net annual interest rate (no commissions and expenses).
- Creand Group Guarantee. The group's creditworthiness and leadership on a national scale, which provide clients with additional confidence in the safety and stability of the product, should be highlighted.
Redemption
- Redemptions can be requested after 2 years have elapsed since the product was taken out.
- From the second year and up to 5 years before maturity, the redemption may be partial (with a minimum of €300) or total, with a penalty of 1% on the amount redeemed.
- During the 5 years prior to maturity, the redeemed capital will not be subject to any penalty.
- In the event of redemption, the money is not guaranteed and, therefore, the policy holder will have to assume the risk of loss associated with the market risk of the monetary and financial assets the capital is invested in.
As an exception, the 2-year grace period and the 1% penalty may not apply in the following cases:
- Unemployed for more than 6 consecutive months.
- If the policy holder, the partner or any of the children is affected by a serious illness.
- If the person is no longer resident in Andorra.
Maturity
A one-off payment made up of the contribution made plus the accumulation of the profitability obtained each year is guaranteed.
Maturity
The plan guarantees a single capital amount comprising the contributions made plus the sum of the interest obtained each year.
When the policy matures, all the capital will be available in a single payment. According to the client’s wishes, this capital can be transformed into an annuity for a certain number of years or until death, or the two options may be combined.
FAQ
If you have questions about our products, take a look at the answers to frequently asked questions in this section.
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