This is the pension and money that housewives can get

2024-09-10 09:01:45

Las housewives who have not contributed or contributed insufficiently to access the contributory pension, can opt for it non-contributory pension pension. Even if they have not worked properly, the City gives them options so that they do not have economic support in their old age.

What kind of pension can housewives receive?

Non-contributory retirement

Them non-contributory pension Retirement pensions are aimed at those who have not yet met the requirements to receive a contributory pension. This opportunity is managed by the Institute for Elderly and Social Services (Imserso) and autonomous communities.

The requirements to access this opportunity are:

• Age less than 65 years.
• Residence in Spain for at least 10 years, two of them consecutively and immediately before the application.
• The annual income is less than 6,784.54 euros in 2023.

If you live with family members, the maximum income allowed is adjusted according to the number of residents:

• 2 inhabitants: 11.533,72 Euros.
• 3 inhabitantscosts 16.282.90 euros.
• 4 cohabitants or morecosts 21.032.08 Euro.

The value of the non-contributory pension have to 7.250.60 euros per year in 2023, which translates into 517.90 euros per month divided in 12 monthly payments with two increments in June and November.

A working woman. AP Company

Contributory retirement

In the case of housewives who have contributed, even partially, they can access it retirement contribution. To do this, they must have contributed at least 15 years in one of the kingdoms of the Social Security. This type of pension is for those who have worked for pay while taking care of the home.

Them contribution pension cost It is calculated based on contributions accumulated throughout one’s working life. The principle basis, which is equal to the employee’s salary, is used to determine the pension. For the first time 15 years of contributionsjust a 50% of the principle base. Starting at age 16, the amount increases gradually based on additional months of contributions.

In summary, housewives have the option to apply for a non-contributory pension if they have not contributed, or a contributory pension if they have combined their housework with paid work.