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Wednesday, February 28, 2024
HomeLatest NewsNew fine for retirees who do not declare this benefit

New fine for retirees who do not declare this benefit

Date: February 28, 2024 Time: 18:26:39

This fine corresponds to those who receive a supplement to minimums. This supplement is an additional benefit that is added to the contributory pension when it does not reach the legally established minimum. In order to be a beneficiary of the minimum supplement, the following requirements must be met:

Have a recognized pension that does not reach the minimum amount established annually for each case. sidir in Spanish territory, without prejudice to the applications applicable in international cases.

It is important to note that minimum add-ons are not permanent and are reviewed annually. This means that the plugin will be maintained only as long as the requirements that grant it are met. If the income exceeds the limits established for each year, the beneficiaries must notify the National Institute of Social Security (INSS). Only those pensioners who receive or receive accumulated income greater than the limit established for minimum supplements during the year 2023 must inform the INSS about their income.

If the pensioner receives a minimum supplement without a spouse or with a spouse who is not dependent on him and has an expected income of more than 8,614.00 euros in 2023, he must notify this circumstance to the INSS to regularize the supplement.

If the pensioner receives a minimum supplement with a dependent spouse and expects a joint income of more than 10,048.00 euros in 2023, both the pensioner and their spouse must inform the INSS about this situation in order to regularize the supplement.

These incomes include those from a job, capital, economic activities and capital gains, but the amount of the pension is not taken into account.

Possible fine if Social Security is not reported

Social Security has already warned that for all beneficiaries of the minimum supplement before the end of March, they should submit an income certificate to Social Security if they expect to receive income above the annual limit of 8,614 euros. Social Security warns that not presenting the certificate may result in a sanction for the beneficiaries of the minimum supplement.

Social Security, through its social networks, clarified that it is only necessary to communicate income to Social Security in 2023 if it is expected to receive income above the established limit. According to data from the Ministry of Labour, Migration and Social Security, more than 2,100,000 pensioners could be fined if the statement has not been carried out correctly.

* 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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