The Minimum Interprofessional Salary for 2020 was agreed on Wednesday 22 January 2020. The agreement between the government, employers and unions, referred to increase the minimum interprofessional wage (SMI) by 5.5%. Thus reaching 950€ per month in 14 annual payments.
This increase was reflected in the Royal Decree Law 231/2020 of 4 February, and retrocedes its effects to 1 January.
Minimum Interprofessional Salary 2020
The IMS is “the minimum amount of remuneration that an employer is obliged to pay to his employees for work performed by them during a given period” (40 hours of actual work per week, as provided for in Article 34.1 of the Workers’ Statute).
The SMI is set at 950€ per month, 13,300€ per year or 31.6€ per day.
This increase in the SMI will affect the minimum social security contribution base, which will be set at 1.108€, as well as contribution groups 4 to 11 (since by law they must increase by the same percentage as they do in the SMI). However, we are awaiting the approval and publication of the corresponding contribution regulations.
Likewise, this increase in the SMI directly affects the special System of Agricultural Employees (set at 44.99 for temporary and early workers whose services for the same employer do not exceed 120 days), the system of Household Employees (whose minimum contribution base is set at 7.43€ per hour actually worked), and will affect the income limits for access to unemployment benefits managed by the State Public Service (SEPE).
Whatever your case may be, our labour experts will be able to help you with whatever you need.