Spain’s 52 Plus Subsidy: What It Means for Unemployed Workers
In Spain, the subsidy for people aged 52 and older plays a central role in the social welfare system for workers who find themselves unemployed later in their careers. It provides a financial bridge until retirement, helping maintain household stability during a challenging phase of life.
The 52 plus allowance is a government financial support program designed for individuals over 52 who are unemployed. It offers ongoing assistance to cover living costs while they search for new opportunities or transition toward retirement.
Applicants must meet specific criteria to access the subsidy:
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Be at least 52 years old.
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Be registered as a job seeker.
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Have contributed to Social Security for a minimum of 15 years.
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Meet the requirements to access the pension on the basis of contributions, without being required to retire early. Recipients can choose early retirement or continue working and receive benefits until reaching the normal retirement age.
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Have income not exceeding 75 percent of the Minimum Interprofessional Salary, excluding Social Security contributions.
The subsidy amount has been updated to align with current needs. At present, the monthly payment stands at 480 euros, which equals 80 percent of the IPREM, and it continues as long as the individual remains eligible and the conditions are met.
Additionally, this subsidy contributes to retirement-related social security credits. The current contribution characteristic is 125 percent of the minimum base.
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When Is Help Available for People Aged 52 and Up?
Many new beneficiaries wonder when the subsidy is paid. The State Public Employment Service SEPE indicates that payments are made in monthly installments within a 30 day cycle. Typically, funds are deposited between the 10th and 15th of the month following the qualifying month. The government notes that funds are transferred to the bank account designated by the recipient, provided the account is in the name of the beneficiary and the bank cooperates with Social Security.
The chosen financial institution must be one that cooperates with Social Security. A list of eligible institutions is available, and the number is broad, making it unlikely that access to subsidies will be hindered for most recipients.
As exceptions, the subsidy can be issued in cash in certain scenarios. These cases are carefully defined to protect safety and well being while ensuring the funds reach those in need.
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When a specific situation persists and SEPE cannot credit the subsidy to the bank account, cash payment may be arranged.
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If the worker reports personal circumstances that require cash payment to avoid serious harm, SEPE may consider the reasons provided and respond accordingly.
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Situations that deserve special protection may justify cash payments to protect the beneficiary’s identity and safety, evidenced by official documentation from competent authorities.
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If the worker cannot open a bank account, cash delivery may be authorized after review by SEPE.
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If SEPE approves a payment method by receipt, the reasons must be clearly justified in the file.