SAVINGS SCHEMES FOR BUSINESSES

These are workplace pension schemes or another type of savings products that can be set up by the company voluntarily and are proof of its commitment to the workers, guaranteeing the company’s corporate social responsibility.

VidaCaixa has different products to set up a business savings scheme. We give you advice to choose the one that best fits your needs.

The savings schemes for businesses provide an alternative retribution to the workers’ payroll. It has a series of conditions and tax reliefs for companies, as it’s a deductible expense on the corporation tax, but also for employees, as 30% of what they receive is tax-free on the Income Tax. They are not an immediate retribution as they are usually paid out after a certain period of time. 

It all depends on the needs of each business, but there are many types of products. Some companies decide to make deposits for their workers, while others use a mixed system.  But, in general terms, we can divide the types of collective savings products into workplace pension schemes, aimed at large enterprises, and business savings schemes that are far more flexible and allow the company to determine the employees who are eligible for the retribution without having to include the entire staff.