The self-employed will be able to collect the IMV and work without losing the aid in 2023
The Minimum Vital Income could reach more beneficiaries from next year, including workers freelancers. The Government of Spain, at the request of the Ministry of Inclusion, Social Security and Migrations, led by Jose Luis Escrivaapproved the employment incentive at the end of last October, which will allow that from 2023 the beneficiaries can increase your rent for a year if you improve your employment situation. This is detailed in the BOE. Specifically, in articles 2 and 3 of the Royal Decree 789/2022, of September 27which regulates the compatibility of the IMV with income from work income or self-employment economic activity.
The objective pursued by the Executive of Pedro Sánchez is that people who collect the IMV join the labor market, although without losing this economic aid aimed at preventing the risk of poverty and social exclusion immediately. In any case, it should be remembered that the self-employed can already benefit from this aid. However, the novelty for next year is that self-employment will not act as a cut in social benefits. Thus, when the person who receives the Minimum Vital Income registers an increase in their income from employment or self-employment that reaches up to 60% of the Guaranteed Income for their type of household, the incentive will provide an increase in their disposable income of the same amount.
The #CMin approves the employment incentive for beneficiaries of the Minimum Vital Income who improve their employment situation.
– The Moncloa (@fromlamoncloa) September 27, 2022
The disposable income of the IMV beneficiary is also will increase when your income from work rises between 60% and 100% of your guaranteed income. This limit will depend on several factors to take into account, such as the number of minors in the family unit or whether the family is single-parent. To give an example, a self-employed person living alone in 2022 would be guaranteed 5,899 euros per year or, what is the same, 491.63 euros per month.
New amounts of the Minimum Vital Income for 2023
The Government confirmed at the beginning of October, during the presentation of the new General State Budgets, that among its intentions is to increase the IMV by around 8.5% from January, thanks to the rise in the IPREM by 3.6%, so it will be 600 euros per month. Precisely in this sense, it is important to bear in mind that by raising the IPREM, the number of possible beneficiaries of the aid launched more than two years ago will also increase. On the other hand, the Minimum Vital Income Law has the new child help plugin, whose objective is to fight against child poverty. In the case of children under three years of age, it is set at 100 euros, while those over three and under six years of age, it is set at 70 euros. In the case of those over six years of age and under eighteen, it adds up to 50 euros.
To protect the people who need it most, the Minimum Vital Income will increase in the same terms as pensions and the IPREM will stand at 600 euros per month from January 1, 2023.
– Yolanda Diaz (@Yolanda_Diaz_) October 4, 2022
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