Can I cash in my pension at 35?

Early retirement 2021

In this sense, dependent or self-employed workers will be able to choose between these two pension systems in order to receive a “retirement pension” in the future, when they stop working. It is necessary for the citizen to be well informed about both alternatives in order to opt for the system that is most convenient for him/her.

The Superintendence of Banking, Insurance and AFP: is the agency in charge of the regulation and supervision of the Financial, Insurance and Private Pension Systems. Its main objective is to preserve the interests of depositors, policyholders and members of the SPP.

Retirement at 62 years of age requirements

To answer this question, it must be made clear that the answer for 2021 will not be the same as for 2024 or 2027. The reason is the 2011 pension law by which a transitional period was established until 2027 to progressively increase both the retirement age and the months contributed that are taken into account to calculate the amount of the retirement pension.

However, this contribution period is not enough, since it is necessary to wait until the ordinary retirement age. Any of the types of early retirement entails a reduction in the amount, so if you wish to obtain 100%, you must wait until you reach this mandatory date.

Retirement 2021

The answer would be yes, but not 100% because although you have contributed more than a decade and a half, you have not reached the 36 required by the regulations for ordinary retirement in 2022 to obtain your full benefit (100%).

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The percentages in these tables are different from the reduction coefficients in early retirement. Because, although they are also percentages, these are applied for the months that the person has left to reach the retirement age.

Hello! I am Jorge, a lawyer specialized in Labor Law since 2007 and managing partner of Campmany Abogados, a project that was born in 2009 as a result of my interest in helping sick or injured people. I have a law degree from Pompeu Fabra University in Barcelona.

Retirement age in Spain

A maternity supplement will be applied to women who have had 2 or more children, biological or adopted. This is a percentage applicable to the pension they receive as of January 1, 2016. This percentage will be:

Saving is important in relation to the income cushion. In addition to the tips for saving for retirement, it is worth bearing in mind that with time, perseverance and profitability, our savings yield more. In the VidaCaixa blog entry “How can I get the most out of my savings?” we explain that the problem with saving is that at first it seems to yield very little. However, with perseverance, in the end the steps are lengthening and the profitability makes you make huge leaps. That is why consistency is so important. Save every month, as if it were a fixed expense. And, above all, do not touch it, because you would be back to square one.

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