How to increase the amount of the Minimum Vital Income up to 700 euros

by time news

2023-04-29 08:30:00

The monthly amount received from the State by each cohabitation unit that is recognized as having the right to collect the Minimum Vital Income, non-contributory aid for individuals and families with incomes below the economic limits set annually in the General State Budgets, depends on of the annual income of the beneficiaries with respect to the previous year, as well as the number of people that make up the aforementioned coexistence unit.

Prevent the risk of poverty and social exclusion of people with fewer financial resources is the purpose of this benefit than in Spain receive 1.7 million citizenshaving revalued 15% compared to the previous year.

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The latest PGE establish that a person You will not be able to charge less than 563.37 euros per month, but it is that, in addition, that amount may be increased by 30% for each additional member, from the second, that is part of a coexistence unit, with a maximum of 220%. In single-parent families, the figure rises 20% more than the additional 30%. At the same time, when there is a person with a disability equal to or greater than 65% in the cohabitation unit, the aid could increase by 22% more in single-parent families.

In the cases in which the beneficiaries correspond to all the exposed supplements, the guaranteed income of the IMV would be above 700 euros per month.

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