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HomeLatest NewsAid that is incompatible with receiving the Minimum Living Income

Aid that is incompatible with receiving the Minimum Living Income

Date: September 12, 2024 Time: 19:37:19

If you are a beneficiary of the Minimum Living Income (IMV), it is crucial that you know that there are other subsidies that are incompatible with this aid from the Government of Spain. Knowing this information first-hand will avoid unpleasant surprises when managing your personal finances.

Aid incompatible with receiving the Minimum Living Income

The IMV is one of the main social benefits of the State whose purpose is to help people with less economic income. Thus, they are protected from poverty and social exclusion. However, it is not possible to collect it at the same time as the rest of the subsidies offered by Social Security.

Specifically, there are five aids that are incompatible with the IMV. Therefore, it is essential that you are aware of the discrepancy. Failure to comply may result in suspension or refund of payment and even, in the worst case, sanctions.

State financial aid for dependent children

Firstly, it cannot be compared with the financial allowance per dependent child or minor, without disability or with a disability of less than 33%, when there is identity of the causes or beneficiaries.

Help the infant

In the same way, it is incompatible to collect the IMV and the child support supplement that is assigned per child or minor without a disability or with a disability of less than 33%.

Pension for families

Whether the interested person meets all the requirements to be entitled to the benefit of a pension for family members and the Minimum Living Income, must be decided. You can only opt for one of them.

Pension assistance

In this case, there is incompatibility with financial aid from the State. The condition of beneficiary of the IMV prevents receiving welfare pensions from January 1, 2023. From that date, those that continue to be received will be extinguished when their beneficiaries are recognized. Its termination will take effect on the same day that the IMV begins to be collected.

Widow’s pension, permanent disability or retirement

Finally, and as an extension of the above, people who collect non-contributory pensions in both their aspects, retirement or disability, will not be able to benefit from the Minimum Living Income either.

Likewise, it should be added that something similar occurs in cases of widowhood. For practical purposes, it must be remembered that the revaluation of the minimum pension upon becoming widowed has increased in January 2024 in accordance with the CPI. Contributory pensions have increased by 3.8% and non-contributory pensions by 6.9%, a percentage that is equal to retirement with dependent children.

For all these reasons, when receiving the Minimum Living Income, do not forget that there are five cases that are incompatible with other state aid. To consult your specific situation or obtain more information, you can access the public portal of the National Social Security Institute. Likewise, you can use their free telephone service for citizens: 900 20 22 22.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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