How many beneficiaries can you have?
 

I have a group going to Madrid next year and then to Portugal with plans to return on TAP Portugal. So far, I have booked myself, my wife and 4 others on Iberia for the outbound by purchasing points. Is there a limit to the number of beneficiaries I can have? Thanks.

Somebody might come along and correct me, since it's been awhile since I looked at beneficiaries.

However, I believe that when the member is actually travelling on the reservation, they can book for as many travel companions as they wish. (without making them beneficiaries)

It's only when you try to use your IB+ Avios to book for somebody without you on the same reservation, that you need to set them up as a beneficiary.