'Think hard before going self-employed in Spain'
Jun 25th 2013, 11:52 am
#1
BE Forum Addict
Thread Starter
Joined: Sep 2010
Location: Near Alora....but not too near. :)
Posts: 1,646
'Think hard before going self-employed in Spain'
For all those asking the questions about going self employed this is a good article to read.
http://www.thelocal.es/20130624/thin...-self-employed
http://www.thelocal.es/20130624/thin...-self-employed
Jun 25th 2013, 2:54 pm
#2
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: 'Think hard before going self-employed in Spain'
Not a bad article, but the below is fundamentally wrong:
"Reyna from UPTA also sees problems with the €250 per month flat fee. "This isn't much money for an older person who is well established in their position," he told The Local.
"On the other hand, for a young person just starting out, this can be a lot of money."
Reyna would prefer, instead, to see a sliding scale where people earning more pay more into the system"
There is no such thing as a EUR250 flat fee. This is the minimum monthly social security payment and is equivalent to what a full time employee earning EUR800 per month would be paying into the system. This would only give you a very low state pension. You can choose to pay more into the system, up to EUR750 per month.
That way, when you retire you will get a very high pension, currently around EUR2,500 per month. Actually this is something that autonomos over 50 should think carefully about
"Reyna from UPTA also sees problems with the €250 per month flat fee. "This isn't much money for an older person who is well established in their position," he told The Local.
"On the other hand, for a young person just starting out, this can be a lot of money."
Reyna would prefer, instead, to see a sliding scale where people earning more pay more into the system"
There is no such thing as a EUR250 flat fee. This is the minimum monthly social security payment and is equivalent to what a full time employee earning EUR800 per month would be paying into the system. This would only give you a very low state pension. You can choose to pay more into the system, up to EUR750 per month.
That way, when you retire you will get a very high pension, currently around EUR2,500 per month. Actually this is something that autonomos over 50 should think carefully about
Jun 26th 2013, 12:43 pm
#3
BE Forum Addict
Joined: Apr 2008
Posts: 3,171
Re: 'Think hard before going self-employed in Spain'
Not a bad article, but the below is fundamentally wrong:
"Reyna from UPTA also sees problems with the €250 per month flat fee. "This isn't much money for an older person who is well established in their position," he told The Local.
"On the other hand, for a young person just starting out, this can be a lot of money."
Reyna would prefer, instead, to see a sliding scale where people earning more pay more into the system"
There is no such thing as a EUR250 flat fee. This is the minimum monthly social security payment and is equivalent to what a full time employee earning EUR2,500 per month. would be paying into the system. This would only give you a very low state pension. You can choose to pay more into the system, up to EUR750 per month.
That way, when you retire you will get a very high pension, currently around EUR2,500 per month. Actually this is something that autonomos over 50 should think carefully about
"Reyna from UPTA also sees problems with the €250 per month flat fee. "This isn't much money for an older person who is well established in their position," he told The Local.
"On the other hand, for a young person just starting out, this can be a lot of money."
Reyna would prefer, instead, to see a sliding scale where people earning more pay more into the system"
There is no such thing as a EUR250 flat fee. This is the minimum monthly social security payment and is equivalent to what a full time employee earning EUR2,500 per month. would be paying into the system. This would only give you a very low state pension. You can choose to pay more into the system, up to EUR750 per month.
That way, when you retire you will get a very high pension, currently around EUR2,500 per month. Actually this is something that autonomos over 50 should think carefully about
Jun 26th 2013, 1:01 pm
#4
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: 'Think hard before going self-employed in Spain'
To be honest, you cannot trust the returns from a private pension either, or the returns from any other investment, property or savings. We are living in uncertain times.
Jun 27th 2013, 10:34 am
#5
BE Enthusiast
Joined: Mar 2006
Posts: 827
Re: 'Think hard before going self-employed in Spain'
Don't forget that by paying your €250 you also get entitlement to the Spanish health system, including any dependents.
You would struggle to beat that with a private health policy.
You would struggle to beat that with a private health policy.
Jun 27th 2013, 10:48 am
#6
Banned
Joined: Apr 2008
Posts: 3,081
Re: 'Think hard before going self-employed in Spain'
That would mean that you pay in 135k and if you only live for 10 years after retirment you would collect 300k in pension. Impossible in any country.
Jun 27th 2013, 10:50 am
#7
BE Forum Addict
Joined: Apr 2008
Posts: 3,171
Re: 'Think hard before going self-employed in Spain'
Unless you are a civil servant of course.
Jun 27th 2013, 11:10 am
#9
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: 'Think hard before going self-employed in Spain'
Jun 27th 2013, 11:13 am
#10
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: 'Think hard before going self-employed in Spain'
How much pension you receive is calculated based on your contributions in the last 15 years before retiring, thats why it would be a very good option to pay the maximum contribution (750 euros per month) during those years
Jun 27th 2013, 11:20 am
#11
Banned
Joined: Apr 2008
Posts: 3,081
Re: 'Think hard before going self-employed in Spain'
You dont know the pension rules do you? I thought you knew more about Spain than everybody else on here?
How much pension you receive is calculated based on your contributions in the last 15 years before retiring, thats why it would be a very good option to pay the maximum contribution (750 euros per month) during those years
How much pension you receive is calculated based on your contributions in the last 15 years before retiring, thats why it would be a very good option to pay the maximum contribution (750 euros per month) during those years
You really need to read properly. Not so smart after all are you?
Jun 27th 2013, 11:20 am
#12
BE Forum Addict
Joined: Apr 2008
Posts: 3,171
Re: 'Think hard before going self-employed in Spain'
Welcome to Binguez Bingo Expat Blog.
Binguez.es was born in 2012, and gradually it is becoming one of the most popular communities in Spain for online bingo. As a welcome gift, we offer a 100% deposit bouns, if for example you deposit 20€ we'll give you another 20 €!
And that's not all, each week you will find new promotions for bingo and for casino, if Roulette and Blackjack are youre thing. And here in BLOGGER, You can win free cards, have a good time with the CMs, tell jokes, extra games ...And find out all the news from Binguez! - Don't hesitate to ask us anything here on blogge
Binguez.es was born in 2012, and gradually it is becoming one of the most popular communities in Spain for online bingo. As a welcome gift, we offer a 100% deposit bouns, if for example you deposit 20€ we'll give you another 20 €!
And that's not all, each week you will find new promotions for bingo and for casino, if Roulette and Blackjack are youre thing. And here in BLOGGER, You can win free cards, have a good time with the CMs, tell jokes, extra games ...And find out all the news from Binguez! - Don't hesitate to ask us anything here on blogge
