A large part of the self-employed collective uses a formula based on a fallacy. It is very common to hear more than one self-employed person explain that they contribute for the minimum in order to increase the level of benefits and, thus, increase the amount saved for the end of their working life. This strategy is a serious mistake.
The self-employed retirement is designed to obtain a sufficient subsidy to live during the years after the activity. However, for this, it is necessary that the professional has carried out a correct quote formula. On the contrary, the amount of the pension will be negligible and, generally, the money saved during the working life is not enough and does not guarantee a sufficient income for a long period.
For this reason, the best option is to increase the contribution base, so that the retirement pension is higher; in such a way that the autonomous reserves the minimum basis for periods in which the business suffers a serious drop in turnover Or expect short-term income to drop dramatically, which is what it is intended to do.
Be careful to always quote for the minimum base
The minimum contribution base reaches 944,40 euros, which generates the lowest pension. However, it should be remembered that another of the strategies that many freelancers consider is also a big mistake.
A large number of professionals believe that there will always be time to improve the amount that is listed. However, this part of the collective is not aware that You can only change the base freely up to 47 years of age, subsequently there are restrictions.
Only the self-employed over 41 years of age 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 contrary, those who are below that limit will not be able to choose a base higher than 2,077.80 euros.
How many years do I have to contribute to obtain the minimum basis?
The minimum to get a pension is to have contributed during 15 years. However, the amount that the self-employed person will receive for this level of contribution will be negligible. Therefore, the professional must carry out his activity for more years to obtain a minimally interesting retirement
In this sense, the section increases to 20 years if the self-employed person wants to collect 50% of the pension, and at 36 years If you intend to receive 100% of the benefit.
How much will I charge for the minimum pension?
If the self-employed person has only contributed for the minimum base during this minimum period of 15 years, You will only receive 226 euros per month. A figure that rises to 561 euros if it is listed for at least 20 years. Finally, the retirement pension reaches 789 euros if the calculation grows at 36 years of age.
These are the changes suffered by the self-employed on their quotas and contribution bases for 2022
Facebook
Twitter
Linkedin