Previously, as a general rule, early retirement was not available to the self-employed. There were only a few exceptions for those who, throughout their working lives, had also contributed to one of the Social Security schemes that did grant the right to early retirement, provided that they also met several requirements, including having contributed to one of the mutual insurance funds for employed workers before January 1, 1967.

Since April 2013, the retirement conditions for self-employed workers have become a little closer to those of workers in the general scheme, as the new regulations establish the possibility that all workers, including the self-employed, can retire early, provided they have a minimum of 35 years of contributions and their age is at most two years lower than the legal retirement age.

Regarding the minimum age for accessing early retirement, which in 2013 was 63 years, it should be noted that this will gradually increase until reaching 65 years in 2027, as will the legal age for ordinary retirement, which in that year will become 67 years, with the minimum age for accessing early retirement remaining two years below the legal age required at any given time for access to ordinary retirement.

Furthermore, for those who decide to retire early, their pension will be reduced according to the following coefficients for each quarter of time prior to the legal retirement age in force at the time of early retirement, depending on the periods of contributions that are accredited:

•  With less than 38 years and 6 months of contributions, the reduction coefficient will be 2% per quarter.
•  If the contribution period is greater than 38 years and 6 months and less than 41 years and 6 months, the reduction coefficient will be 1.875% per quarter.
•  If the contribution period is greater than 41 years and 6 months and less than 44 years and 6 months, the reduction coefficient will be 1.750% per quarter.
•  And from 44 years and 6 months of contributions onwards, the reduction coefficient will be 1.625% per quarter.

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A Àmbit Assessor, SL has 40 years dedicated to the tax, comptable and labor consultancy of the Pime.

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