As on previous occasions we remind you that until 31 December you have the opportunity to modify the Self-employed Contribution Bases of Special Regime for Self-Employed Workers (RETA) and the quota to be paid, within the limits allowed according to your age.
This amendment will take effect on 1 January 2019.
Remember that if you turn 42 in 2019, you should review your Self-employed Contribution Bases as they will affect your future public pension.
As an example, we attach a comparative scale with some options. With amounts valid from 01/08/2018:
* 29,90 % = 29,80 % + 0,1 % (for the self-employed without protection for contingencies arising from accidents at work, occupational diseases and cessation of activity)
Self-employed Contribution Bases. What are these assumptions (“Supuestos”) we are referring to?
Assumption 1
- Self-employed persons aged 47 or younger
- At 47 years of age, and that their Base Price on 31 December 2017 is equal to or greater than 2,023.50 €.
- At 47 years of age, and whose Base Price at 1 January 2018 is less than €2,023.50; who exercises the Option to Change the Base Price before 30/06/2018, with economic effects from 01/07/2018.
- Surviving spouse of the holder of the business who, due to death, had to take the lead and register in the RETA at the age of 47, in which case this limitation will not exist.
- Those who, before reaching 50 years of age, had contributed 5 years or more to any Social Security Scheme and the last credited contribution base was equal to or less than €2,023.50, will be between €919.80 and €2,023.50.
- Those who before the age of 50 have contributed 5 years or more to any Social Security Scheme and the last credited contribution base was greater than €2,023.50, must contribute between €919.80 and the amount thereof, increased by 1%, being able to opt, if not reached, for a base of up to €2,023.50.
Assumption 2
- Self-employed person aged 48 or over on 1 January 2018.
- Surviving spouse of the business owner, who, due to death, had to take the lead and register in the RETA at 45 or over, in which case the choice of bases will be between € 932.70 and € 2,052.00.
Assumption 3
- Self-employed who in 2015 have had 10 or more employees simultaneously.
- The Self-Employed Members, including their Spouses and Relatives of Consanguinity or Affinity up to 2nd degree who live with him, and who together with him have at least 50% of the share capital.
We also remind you that the Social Security Treasury may automatically increase its contribution base annually by the same percentage by which the maximum contribution bases under this Special Regime are increased each year, with the limit of the applicable maximum limit, upon request before 31 December.
Therefore, if you are interested in modifying the Self-employed Contribution Bases and quota, don’t wait until the last moment. In order to anticipate any incidence and to carry out the opportune and most beneficial calculations, please let us know as soon as possible.
Do not hesitate to contact us.
Arrabe Integra
Labour and H.R Management Dept.
