How do I receive my Loreto benefit?
When the time comes, you have three options to collect the money: receive it as capital, as income, or in a mixed format.
If you recover it in the form of capital, you will obtain all the deposited savings at once.
If you opt for income, you will receive a monthly amount.
If you choose the mixed format, you will receive a part in a single payment and the rest in instalments.
Each of these alternatives can generate profits or losses in your savings, due to the different type of taxation applied. That is why it is advisable to know all the advantages and disadvantages of each format according to the individual's personal situation.