You would charge that, if you had contributed for the 264 months, the last 22 years of your life for the current minimum contribution base, something that is unreal. To make your calculation you must take your contribution base for each month and make the account described. The conclusion is that the lower your contribution base, the lower your future retirement benefit will be.
If 75 percent of the self-employed choose the minimum base to contribute , according to data from the latest National Study on the Self-Employed, ENA , it is easy to understand that this is the main reason why the self-employed have such a discreet retirement benefit .
You can calculate your pension at the Social Security electronic headquarters, by clicking here.
Change your contribution base to improve your retirement
And faced with this reality, you have two options to improve your retirement. Or resort to a pension plan where you "save for your future", of which you should know the details, not dismiss it lightly, or increase your contribution base, not stay at the minimum.
But be careful because this second possibility currently has its limitations . And it is that it has been a measure widely used by the self-employed who contributed at the minimum throughout their working life and, from Australia WhatsApp Number List the age of 50, increased their base in order to also increase their regulatory base for retirement. Something against which the Administration has revealed itself.
Increase your contribution base from the age of 42
Currently, to get the maximum pension, you would have to increase your social security contributions from the age of 42, in addition to contributing continuously from the age of 30.
And, to get a pension closer to that of an employee, you should increase your contribution base before the age of 47 because from that age, the maximum base will not be 4,070 euros but will be limited to 2,077.80 euros. In other words, you will not be able to opt for the "normal" maximum base like any other younger self-employed person.