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When the minimum vital income is collected in January 2023 according to your bank

Date: January 27, 2023 Time: 14:01:34

It is expected that the aid corresponding to the Minimum Vital Income will rise from January 2023 by around 8.5%, as will contributory pensions. This is because the amount of the subsidy is linked to the CPI, so its variation directly affects the amount of money that the beneficiaries receive. Let us remember that the IMV is managed by the Ministry of Inclusion, Social Security and Migrations, currently led by Minister José Luis Escrivá, so its revaluation for next year is linked to the rise in contributory pensions, after the approval of the first reform approved by the Government of Spain in December of last year, which once again linked the rise to average year-on-year inflation.

This will be the first time in the history of this Minimum Vital Income aid that the minimum amount to be received will exceed 500 euros. While the maximum amount will add up to 1,181 euros per month, although in a single specific case, that is, almost 100 euros more per month. This amount may increase in case of receiving the childhood supplement for each dependent minor child, 100 euros for children under three years of age, 70 euros for those over three years of age and under six, and 50 euros for over six years of age and under 18. Another novelty that will begin to be applied from January 1 is the employment incentive, since it will be possible to work while collecting the IMV.

All these novelties have been implemented to try to get help to more people, despite the successive denials of the requests, in many cases due to duplication, not complying with the strict requirements or making mistakes when completing the forms. This benefit is granted both for individuals and for cohabitation units that do not reach the minimum income threshold of 5,899.60 euros per year, individually. Let’s see the key dates to collect it at the bank.

Collection day of the Minimum Vital Income

From Social Security itself they warn that “the right to collect the Minimum Vital Income benefit will be born from the first day of the month following the date of the application benefit.” This means that the beneficiary will begin to receive this aid as of January 1.

On this occasion, as the date precisely coincides with a holiday and Sunday for the New Year, it is likely that there will be variations in your payment, and each bank could also choose to advance or delay the payment. The entities that usually advance the benefit are the following:

CaixabankBanco SantanderBBVADeustche BankAbanca BankinterUnicajaBanco SabadellINGLiberbankCajasurKutxaBank

Documentation that must be presented to request the IMV

In addition to the key requirements to access this subsidy, it will be essential to correctly and completely present all the necessary documentation to be able to grant it. Among the most basic procedures are the duly completed and signed application, Social Security indicates the identity document as DNI or NIE, proving legal residence in Spain with registration, proving residence in Spain with a Collective Histón certificate, In order to prove the existence of the cohabitation unit, the family book, birth certificate of the civil registry of the children or registration in the registry of common-law couples will be necessary and finally, to verify the income, a responsible declaration of income will be essential. and heritage.

Amount and how to know if I have been approved by the IMV

Although it is a general aid that many citizens can receive, it is possible to know in what state the request for the Minimum Vital Income is, so that we know if it has been approved or, failing that, rejected. It can be consulted through the Social Security website, which has enabled a simulator for all the procedures related to this non-contributory aid.

Once inside the platform, it will only be necessary to click on the ‘Provide documentation / Check status’ section. The system will request the Secure Verification Code (CSV) of the registered application and the DNI of the interested party. , the history will be automatically accessed, in which the status of the request can be consulted.

The right to enjoy this subsidy is maintained as long as the users continue to meet the established requirements and obligations. Over the last few months, due to the many changes, some citizens may not be very sure if they fit in and can apply. In order to verify this and avoid being rejected, it is possible to use the online simulator available at the Social Security Electronic Office.

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