New self-employed quotas when the SMI rises

• The increase was frozen in January as a support measure due to the pandemic

• Fees will increase for professional contingencies and cessation of activity

• The total quota of self-employed workers will be 30.6%, compared to the current 30.3%

The increase in the Minimum Interprofessional Wage will be "immediate", as announced by the President of the Government, Pedro Sánchez. The increase in the SMI, which can be 15 euros for 2021 and be valid in September or October, has a direct consequence for the self-employed: it will cause an increase in their Social Security contributions.

In reality, this is an increase that had been postponed at the beginning of the year. The 2021 General Budgets already contemplated an increase in the contributions of the self-employed which, due to the pandemic, was first frozen until May 2021 and subsequently indefinitely through Royal Decree-Law 2/2021, of January 26.

In its fourth transitional provision, the document explains that "as long as the increase in the interprofessional minimum wage for the year 2021 is not carried out, the increase in quotas provided for by Royal Decree-Law 28/2018, of December 28th.

This document shows the increases in fees that will affect the self-employed if the Minimum Interprofessional Wage finally rises.

This increase affects the part of the fee for professional contingencies, which goes from 1.1 to 1.3%, and the part of the fee for cessation of activity, which rises from 0.8 to 0.9%.

These two increases will leave the total quota for self-employed workers at 30.6% compared to the current 30.3% that self-employed workers must pay to Social Security. Fees for common contingencies and professional training remain at 28.3% and 0.1%, respectively.

How many euros will the self-employed fee increase?

The self-employed will notice the impact of this increase in their monthly payment. Everything, as always, will depend on the contribution base they have:

-For a self-employed person with the minimum base (944.40 euros per month), the increase in their payments will be about three euros, increasing the payment from 286 to 289 euros per month.

-For a self-employed person with the maximum base (4,070.10 euros per month), the increase in their fee will be about 12 euros, going from 1,233 to 1,245 euros.

These are the increases for the bases that act as a ceiling, but in the case, for example, of a self-employed person who has a contribution base of 2,000 euros, the increase will be about six euros, going from 606 to 612 euros per month. .