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Reason Why Increase In Minimum Wage Will Increase Quotas Of Self-Employed

The Government seeks an agreement with the social agents to achieve a rise in the Minimum Interprofessional Salary (SMI) in a consensual manner. At stake is an increase that will alleviate the situation of certain employed workers but which, at the same time, would mean an increase in the expense of the self-employed.

And it is that the rise in the Minimum Interprofessional Salary would lead to an increase in quotas for these self-employed professionals. The answer is in Royal Decree-Law 2/2021, of January 26 , which establishes that the increase in Social Security contributions will not take place “until the increase in the minimum interprofessional salary is carried out for the year 2021 “.

This text was one of several that the Government published in the Official State Gazette (BOE) with economic measures to protect the self-employed due to the restrictions generated in the coronavirus pandemic, but it refers to another Royal Decree-law, on 28 / 2018, of December 28 , which stipulated a calendar of increase for the quotas of the self-employed that later froze as a result of the health crisis.

This Royal Decree-law established an increase in the fees for professional contingencies (from 1.1 to 1.3%) and for cessation of activity (from 0.8 to 0.9%) that leaves the share a 30.6% overall . The fees for common contingencies (28.3%) and professional training (0.1%) will remain the same.

During all this time, the self-employed have maintained their quota as in 2020, but are currently in a state of waiting. The increase in the SMI, the Government raises, will be done with or without the approval of the social agents, but apart from this it is not yet known if it will begin to apply retroactively in September (to day 1) and according to the wish of Yolanda Díaz, Minister of Labor, or in October, as Nadia Calviño, Minister of Economy, has suggested.

How will the rise in the SMI affect the self-employed?
The real impact of this measure depends on the contribution base that each self-employed person has, although it is estimated that these increases will be between three and 12 euros per month , taking into account the minimum and maximum bases.

Thus, a self-employed worker who contributes to Social Security for the minimum contribution base (944.40 euros per month) will see his monthly payment go from 286 to 289 euros. On the contrary, a worker who contributes by the maximum base (which stands at 4,070.10 euros per month) will notice that his quota will go from 1,233 to 1,245 euros per month.

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