Around retirement Many doubts always arise: at what age can I retire? How many years should I have quoted? How much will I charge per month? These questions are common and, in addition, they have changed in recent years due to pension reform.
Until 2013, it was possible to retire at 65 with 15 quoted years (Two of them in the last 15). However, since that year the legal retirement age has been increasing progressively until reaching, In 2027, 67 years. The minimum contribution period also varies according to the date on which the pension is requested.
How to know how much you are going to charge
The Social Security official Alfonso Muñoz Cuenca Remember that any citizen can request a “Retirement informative“Social Security. This free document offers key data:
- The date in which we can retire.
- The mode retirement (ordinary, early, flexible, partial or special).
- The years of contribution accredited.
- The regulatory base and the Gross amount of the pension in 14 payments.
- The percentages They apply according to the quoted time.
- Possible accessories or reductions In case of partial retirement.
This report is very useful to get an idea of the pension, but does not include tax withholdings.
https://www.youtube.com/watch?v=hkqxsqy2SCG
IRPF at the pension
One of the most frequent doubts is how IRPF applies to the pension. Muñoz explains that, once the gross amount is known, the next step is to enter the Tax Agency Website. There, a tool allows you to calculate What percentage of retention corresponds according to income and personal situation of each pensioner.
However, there is an important detail: at the beginning, the National Social Security Institute (INSS), like any company, apply the personal income tax only on the months that are until the end of the year.
For example, if the pension is recognized in July, at first No IRPF is retainedunless the pensioner expressly requests it.
Subsequently, at the beginning of the following year, INSS adjusts retention and applies the correct percentagesince from that moment on it is the payer of the entire annuity.
In summary
- The retirement age continues to increase until they reach 67 years in 2027.
- It is advisable to ask for a Retirement informative To know the official data of the pension.
- He amount that appears in that document is Gross, without taxes.
- IRPF is calculated with the help of the Tax Agency and can vary between the first year and the following.
