Retired in Spain but still want to work? A major pension change is coming
Retirement does not always mean wanting to stop work completely. Perhaps you miss your profession, have been offered a few […]
From Friday, August 28, Spain is introducing flexible retirement rules that allow some pensioners to return to work while still receiving part of their pension. This is particularly relevant for foreign residents who worked and paid into Spain’s Social Security system. The new rules expand the options for those who wish to work part-time or even become self-employed without completely giving up their Spanish pension.
Under the new system, called jubilación flexible, eligible pensioners can request to return to compatible employment, such as part-time work or consultancy, while keeping a portion of their pension. The range of permitted working hours has been widened, and the system now extends to self-employed activity. Eligible pensioners can receive up to 25 percent of their Spanish pension while working as self-employed, provided they have not been registered as self-employed during the three years before their retirement pension began.
Pensioners using flexible retirement can work between 33 to 80 percent of the hours of a comparable full-time worker. If they work fewer than 55 percent of full-time hours, they may receive an additional 15 percent on their pension. For those working between 55 and 80 percent, the additional amount increases to 25 percent. These incentives apply when flexible retirement begins at least six months after retirement, providing an incentive for those considering returning to work shortly after retiring to wait before making the switch.
An important consideration for foreign residents is that returning to work under flexible retirement does not affect their status for healthcare and social protection purposes. They remain pensioners while working under the scheme. However, there are specific conditions to qualify for flexible retirement, such as not having been registered as self-employed in the three years preceding their retirement pension.
Additionally, those who entered involuntary early retirement may see their initial pension improved under the new rules.
Written by urgent.news from Euro Weekly News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
