Sole-Trader Social Security Contributions to Increase this Month

Following on from my April post on the same subject, it has been confirmed that sole-traders, professionals and

Following on from my April post on the same subject, it has been confirmed that sole-traders, professionals and business owners must pay four euros more than they have been paying since the last increase in July 2017. This is due to approval of the General State Budget which raises the minimum base rate from 919  euros to 932 euros, meaning that those who pay the minimum contribution will pay 279 euros per month from now on.

It isn’t all bad news… 520 million euros have been allocated from the State Budget to improve sole-trader conditions to include additional help for start-ups, better rates to hire employees and support for those who have children and/or dependents. This is turn will also include better pensions (we hope!).

 

 

About Sabrina L. Williams

Although I was born in the UK, I moved to the Canary Islands, Spain at a young age and I haven't looked back. The Canaries is a fantastic place to live, I mean you can do all types of outdoor activities practically all year round because of the great weather. Horses are my poison but the islands are also a superb spot for water sports so they do attract a lot of attention from people around the world. Anyway, enough about that. Back in 2011, I made one of the biggest, scariest yet best decisions I'd ever made and set-up my own business in the middle of a recession. I love what I do as no two days are the same, plus Spanish law keeps me on my toes as it is constantly changing (often without warning!) so there is always something new to learn. As I've branched out in the world of Administrative Consultancy, I decided to create a blog to discuss topics of interest to others in my industry and my clients, share tips and experiences, to see what new ideas people have for improving their businesses and the like so I hope you'll find the time to join me on this venture...

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