RAV Reinversión

An insurance policy for reinvesting capital gains

RAV Reinversión is a savings insurance policy for people over 65 years of age interested in investing capital from the sale of assets, such as property, shares and investment funds, in order to receive a life annuity with two benefits: a survival benefit and a death benefit.

RAV Reinversión also offers two tax exemptions: a tax exemption on the initial contribution and a tax exemption on the income received.

What are the guarantees under the RAV Reinversión insurance policy?

Survival benefit:

You are guaranteed constant, regular income:

Death benefit:

You are guaranteed an amount equivalent to 95% of the initial premium for the first year. The amount will be reduced by 5% with every annuity and will fall to 50% of the annual premium by the tenth annuity. From this point on, the death cover will remain unchanged.

How is the RAV Reinversión Insurance Policy taxed?

In order to enjoy the tax exemption¹ on your single initial contribution, the insurance policy must be formalised within six months of the assets being sold.

In addition, if your circumstances were to change, you can surrender your policy in full at any time. However, please note that should you surrender your policy, you will have to repay all of the tax benefits that you have enjoyed².

Tax benefits on the initial contribution

The single initial contribution from the sale of assets, such as property, shares and investment funds, will enjoy a tax exemption¹ of up to €240,000 per taxpayer.

The current criteria for applying this exemption include:

The percentage of exemption applied to the capital gains will depend on the sale amount that the Policyholder uses for this insurance: if they reinvest 50% of the amount from the sale, they will be exempt from paying tax on 50% of their capital gains.

Tax benefits on regular income

Only one percentage of the regular income will be liable for personal income tax (IRPF1), depending on the age of the Policyholder when they take out the policy. This percentage will remain unchanged for the term of the insurance policy (except in Navarre, where it will vary depending on the Policyholder's age).

How to contract RAV Reinversión insurance?

If you want to take out the RAV Reinversión insurance or find out more about what it offers, go to any Banco Santander branch or contact your Santander Personal Manager.