The pension of self-employed workers will be smaller if they always contribute based on minimum bases, there are contribution gaps and the maximum number of years necessary to obtain 100% of the pension is not reached. A habit or reality that will put the self-employed retiree in a difficult situation, if he has not resorted to complementary plans and savings.
What is the minimum contribution base for a self-employed person to have a pension?
The ministry explains that from January 1, 2021 to December 31, 2021, the contribution chosen by the self-employed can be between a minimum of 944.40 euros per month and a maximum contribution of 4,070.10 euros per month.
This lower or higher contribution, key to obtaining a higher or lower pension, can be chosen freely up to 47 years of age, after that age there are restrictions. Specifically, the rule establishes that only workers over the age of 41 in 2021 who have a contribution base of 2,052 euros in the month of December 2020 will be able to maintain that freedom of choice. On the other hand, those who are below that limit “may not choose a base amount greater than 2,077.80 euros,” explains the rule.
The logical thing would be to trade downwards during the first years and increase that figure over time. However, the Association of Self-Employed Workers (ATA) stipulated last year that 86% of the self-employed in Spain contributed for the minimum base in 2019.
How many years must a self-employed person contribute to get the minimum pension?
The other parameter established by the standard for calculating the pension is the number of years of contributions. This establishes that the basis for obtaining a pension is 15 years. A period that grows up to 20 years if what you want to collect is 50% of the pension according to the contributions. And it reaches 36 years if what is intended is to collect 100% of the pension according to the contributions.
What is the amount of the minimum pension of a self-employed
To calculate this pension, as explained, the number of years contributed and the contribution base must be taken into account. Thus, according to ‘, the pension of a self-employed person who has contributed to the minimum and only for 15 years amounts to about 226 euros per month. A figure that amounts to 561 euros if it is promoted to 25 years. And that rises to 789 euros if the calculation grows to 36 years.
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