Quotas Of Self-Employed Will Rise With The Increase In The SMI

The self-employed could have news in the payment of their Social Security contributions in the coming months. The group of self-employed professionals may be affected by the increase in the Minimum Interprofessional Salary (SMI) and see their contributions increase slightly if this increase in the SMI is finally approved.

The growth of the Minimum Wage has been one of the battlefields of the coalition Government and, after the Minister of Labor, Yolanda Díaz, assured that her intention was to raise it by the end of the year , the Minister of Economy, Nadia Calviño, has gone further informing that a possible rise will be studied in September .

Although it is unknown what the increase in the SMI may be (the most optimistic horizon is to leave it at 1,049 euros per month in 2023 compared to the current 950), it is known what impact it may have on the self-employed, who had a pending rise in payment of Social Security contributions.

Thus, when the SMI increase is certified, an increase in quotas from the current 30.3% to 30.6% of the contribution base will also be formalized . Specifically, the fees for professional contingencies (from 1.1 to 1.3%) and for cessation of activity (from 0.8 to 0.9%) will be increased . Those of common contingencies (28.3%) and those of vocational training (0.1%) would remain unchanged.

With this rise, the quota of the self-employed would be high, although always depending on the contribution base that is chosen. In the case of those who opt for the minimum base (944.4 euros), which are the vast majority, the change could be around three euros (from 286 to 289), although in the worst case, that of the self-employed with the highest base (4,070.1 euros) could be around 12 euros : from 1,233 to 1,245 euros per month.

This increase, which was included in the General Budgets for 2021, was frozen indefinitely by Royal Decree-Law 2/2021, of January 26, after it was initially established only until May 31, 2021 .

These are the new quotas for freelancers that Escrivá raises
This possible change has nothing to do with the reform of the quota system that the Minister of Inclusion, Social Security and Migrations, José Luis Escrivá, has planned and that raises up to 13 different tranches of quotas for the self-employed to start contributing by real income.

This reform will be done progressively, so its impact will not be definitive from the first moment. The intention of the Executive is to approve it at the end of 2022 for its first implementation in 2023 and its complete crystallization in 2030, the year in which the quotas would go from the lowest, of 90 euros, to the highest, of 1,220 euros.