The average savings of the Spaniards in pension plans a record of 12,600 euros per participant, which is a annual 9% rise Regarding 11,570 euros of the previous year, according to a report by the INVERCO OBSERVATORY Posted on Thursday.
By autonomous communities, Navarra leads the ranking With an average savings of 18,550 euros, followed by the Basque Country, Madrid, Catalonia, Aragon and La Rioja, all of them above 15,000 euros.
On the less voluminous side of the average equity on behalf of participant, Murcia appears with 7,400 euros, followed by the Canary Islands (7,980 euros), Melilla (8,615 euros) and Extremadura (9,220 euros).
The Observatory recalls that accumulated savings in individual pension plans (The one with the highest weight, followed by the employment plans) reached 92,242 million euros at the end of 2024, which meant a growth of 8.6% compared to the previous year.
This increase was promoted by the revaluation of financial marketswhich allowed to compensate for the “negative net benefits derived from the reduction in the contribution limits,” as they have influenced the employer of investments.
With respect to the number of participants in pension plans, it has been listed that at the end of 2024 there were 7.31 million, which has meant a slight decrease of 0.4% compared to 2023. Only in four autonomous communities (Catalonia, Balearic Islands, Canary Islands and Aragon) the number of participants in 2024 grew.
Thus, 15%of the Spanish population counted in the late 2024 with a pension plan, a percentage that has risen significantly in the case of Aragon (20.9%), La Rioja (19.8%), Madrid (19%) and Castilla y León (18.5%).
Accumulated savings in individual pension plans It has remained in 2024 in 5.8% of GDP, due to the greater increase registered by GDP at market prices regarding the increase in the volume of assets of pension plans; However, in the case of Aragon, La Rioja and Castilla y León, that percentage has been above 8%.
On the other hand, at the end of 2024, more than eight out of ten euros saved in pension plans (83.5%) were invested in mixed or variable rental products, compared to 82.9% of 2023.
The weight of the pure variable income has grown in the last five years, from 14.1% to 20.5%, while in Madrid and the Basque Country more than a fifth of the heritage in pension plans was channeled through variable income (27.4% and 25.3%, respectively).
The Director of Studies of the Inverco Observatory, José Luis Manriquehas celebrated that the impulse of the markets has allowed to reach a new historical maximum, both in heritage and in middle savings by participant, and the perspective of the last five years shows a accumulated growth of 12.5%: “confirm the solidity of individual pension plans as a savings tool for retirement,” he said.
However, he has pointed out in turn that these data have been achieved despite “an environment where the fiscal attraction has been very affected by the reduction in the limits of the contributions.”
“All this reinforces the importance of continuing to promote measures that foster private savings, in line with the recommendations of the OECD, to guarantee a stronger financial future for citizens,” he said in this regard.
