Avanza Previsión Launches Remunerated Life Annuity (RVR) Offering a Net Return of 3.25% During the First Year

Avanza Previsión, a life insurer that offers pension and savings solutions to individual clients and companies, has announced today the launch of its Remunerated Life Annuity (RVR) product, which guarantees a net return of 3.25% during the first year and that it will be available from June 1st.

RVR insurance is a safe and fiscally attractive way to make savings profitable, focused on protecting the capital contributed at all times, while ensuring periodic income. It is a single premium product, with a minimum contribution of 6,000 euros and an annual interest rate that is previously communicated and that is guaranteed for calendar years. The product can be totally or partially redeemed from the first year of contracting, and offers additional death coverage, through which the beneficiaries obtain 100% of the investment made with an additional 1% benefit.

As the main advantage over other savings products, the RVR modality presents a better tax treatment. so, for a single premium of 100,000 euros, a 67-year-old customer would receive an annual amount of 3,250 euros net, subject to effective taxation of 3.8% compared to a tax rate of 19% or higher applicable to other traditional savings products. In addition, and unlike other options on the market, the initial contribution made is guaranteed at all times.

Raúl Casado, general director of Avanza Previsión, highlights: “The life annuity product that we offer to the market is an ideal form of savings for those people who want to supplement their periodic income with savings insurance that presents great advantages from a financial perspective- tax, and with the added peace of mind of always preserving the contributed capital, without exposing it to market volatility”.