Calculate your pension Doing your planning is a very important step. pension and make sure you can maintain your quality of life when you stop working. Factors like you contribution basisThe year of contribution and retirement age play a key role in determining the amount of your future pension.
According to data from the National Institute of Statistics (INE), wage In Spain, the average monthly fee is around 1,500 Euros, distributed over 14 payments per year.. This shows that the average annual gross salary is approximately 25,896.82 euros. Now, assuming you retire at a normal age, let’s see how you can calculate the pension you will receive when you retire.
To get started, it is important to note that: The regulatory basis for pensions is usually taken equal to the worker’s salary. Based on this principle, we will apply different percentages depending on the years of contribution. This is where the pension calculation formula comes into play.
The lowest percentage of the regulatory base; The 50% applies to workers who have contributed the minimum required contribution, i.e. 15 years.. On the other hand, To achieve 100% of the regulatory base, you must have at least 36 years and six months of experience. price.
As a result of these calculations, if expressed in euros, the minimum pension will be 642.86 euros and the maximum pension will be 1,285.71 euros. This means the amount of your pension will be somewhere in between depending on your years of contribution.
It is also important to note that once you exceed your 15-year contribution limit, an additional contribution of 0.21% will be added to the regulatory base for each of the next 49 months. The regulatory base is then increased by 0.19% for each of the following 209 monthly contributions until it reaches the ceiling of €1,285.71.
In summary, Calculating your retirement is crucial to preparing financially for retirement. Your contribution margin and contribution base over the years will play a very important role in determining your future pension. If you have a monthly salary of 1,500 euros, these factors will help you estimate the amount of your pension and plan your finances for a comfortable and secure retirement. Don’t underestimate the importance of these calculations for your financial future!