Exemption from contributing to the self-employed due to age

The self-employed person can be exempt from paying their quota from the age of 65. As long as they meet a series of conditions.

Being registered in the Special Regime for Self-Employed Workers (RETA) is an essential condition to carry out an independent business or professional activity. This regulation also establishes a fixed monthly fee to be paid by the members of this group, as Social Security, which in 2016 was around 270 euros on average in the national territory, for a contribution base of 893.1 euros.

However, there are some age ranges in which self-employed workers are exempt from contributing to Social Security. This period includes those who have exceeded 65 years of age and have 35 years and nine months of effective contributions.

In the same way, it must be taken into account that, for the purposes of calculating years, the proportional parts of extraordinary payments are not taken into account. That is why self-employed workers who do not have temporary disability coverage, and meet the indicated requirements, will be exempt from making any contribution.

Temporary disability coverage

In turn, self-employed workers who opted for the coverage of said contingency must apply the rate of 3.30 per 100, and pay the corresponding premium for professional contingencies, if they have accepted them.
Notwithstanding the exoneration established in the norm, the self-employed worker may choose to continue making their contribution in accordance with what they had been doing previously, in the event that they consider it of value for their subsequent retirement, or any other matter.

If you are close to retirement and have any questions about your rights, you can consult our labor experts. Contact us.