The minimum interprofessional salary is the minimum wage stop that an employee must receive for a complete working day. That makes it an effective tool to ensure that the lowest wages increase so that the lowest income Do not lose purchasing power.
The Council of Ministers has given a green light to a new upris of the SMI by 2025 and will be retroactive. That is, it will begin to compute since January 2025. However, the Treasury has not raised the minimum of Exemption for IRPF As did on other occasions, so that increase will be subject to retentions.
SMI climb. The Council of Ministers has approved An increase of 4.4% in interprofessional minimum salary (SMI) in Spain by 2025. Thus, the monthly gross amount increases by 50 euros, from 1,134 euros to 1,184 euros gross per month in 14 payments, or 1,381 , 33 euros monthly gross prorated in 12 payments. The total annual gross is set at 16,576 euros, which implies an annual increase of 700 euros.
Some 2.4 million employees will benefit from this increase, of which 65.8% are women (1,579,000), and 26.8% correspond to young people between 16 and 24 years old. Since 2018, the SMI has increased by 61%, from 707 euros to the current 1,184 euros per month.
The importance of SMI for part -time. The SMI is decisive to establish a minimum amount per hour in the remuneration of the partial days. With the arrival of the new climb, the amount will be 9.26 euros at the time, compared to 8.87 euros per hour of 2024, increasing in the same proportion as the rest of the SMI perceptors.
IRPF has not risen. In each of the previous increases of the SMI, the exemption limit of the Income Tax for natural persons (IRPF) has risen at the same rate so that those who charge that minimum wage were not subject to retaining IRPF on their payroll, so the ascent went entirely to the worker.
On the other hand, the Ministry of Finance has not adapted the retention tables to this increase, which means that this SMI increase will be subject to taxation and, therefore, have the obligation to pay IRPF to exceed the maximum of 15,876 euros per year that the Treasury set with the previous climb.
That implies. Although the SMI is within The tax tablethat does not imply that all employees who charge the SMI will have retentions of the personal income tax, since the personal circumstances and their fiscal deductions also depend on this.
A taxpayer with a couple and a child under three years of age will not suffer any retention in the IRPF. On the other hand, the same taxpayer who charges the SMI and has a child over three years old will suffer a retention of 90 euros per year over the 700 euros that has increased in total.
On the other hand, a single worker and without children, will be the most affected by this retention since it does not have applicable fiscal deductions, so a retention of 1.81%is applied, adding a total of 300.05 euros to the year over the total of the 700 euros of increase. About 21.4 euros per month if calculated in 14 payments.
Image | Unspash (Shoeib Abolhassani) The minimum interprofessional salary goes up 50: but Hacienda has something to tell you about it