Do You Plan to Retire Earlier? A Two-Year Advance Can Take Away 600 Euros per Month of Pension
4 Articles
4 Articles
Advance retirement can be very expensive, and lawyer Ignacio Solsona warns that it is advisable to calibrate the moment well in order not to harm the future pension
Over the years, the possibility to stop working before reaching the ordinary retirement age becomes an option for many workers. However, early retirement can have important consequences for the pocket, since the Social Security applies a series of reducing coefficients that decrease the pension permanently.In Spain, voluntary early retirement allows you to leave the labour market up to 24 months before the corresponding legal age. As explained, …
Voluntary early retirement allows for the cessation of work up to 24 months before the ordinary age, but implies a permanent reduction of the benefit. In 2026, the maximum cut is 21% for those who accumulate less than 38 years and six months in contributions and falls to 13% for the longer contribution careers, according to the Social Security table.
Social Security confirms cuts of up to 21% for advancing two years of retirement: this changes the pension according to the years contributed.The entry Social Security confirms the penalty of early retirement: up to 21% less pension appears first in Merca2.
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