The General State Budget Bill for 2022 will lower the annual contribution limits for individual pension plans and those of the spouse from 2,000 euros to 1,500 euros.
Javier Barberá, president of the Consejo General de los Colegios de Mediadores de Seguros and shareholder of Grupo Galilea, talks to us about this topic.
«Un ataque al ahorro»
El Consejo General de Mediadores considera que la medida «es otro torpedo al ahorro y al complemento de las futuras pensiones de autónomos y empleados de pymes. Esta propuesta favorece a los trabajadores grandes empresas y «castiga» especialmente al medio rural cuya configuración empresarial está basada en pequeños negocios y autónomos».
For insurance intermediaries, "the individual system is irreplaceable for all self-employed and SME workers who cannot access the employment system because the reforms have not been developed".
For the General Council, individual savings for retirement is essential in Spain, given the structure of the labor market, where more than three million people are included in the Special Regime for Self-Employed Workers. It would be necessary to add several million more employees hired by SMEs, a type of company that is left out of the corporate social security system and which, with this measure, is clearly at a disadvantage.
In recent years, the irregularity of the working income of SMEs and the self-employed, although not new, has increased for different reasons. The most recent has been the cessation of activity due to Covid-19. According to insurance intermediaries, "this reason alone would be sufficient to allow the self-employed to recover, as far as possible, their savings capacity to supplement a retirement that appears increasingly uncertain in terms of the State pension".
In Spain there are more than 8.5 million participants in individual pension plans and insured pension plans, PPAs, who will be directly and immediately affected by the measure for the second consecutive year.
News: Insurance News