How to calculate the early retirement of the self-employed in 2020

RajaBabu

Yes, it is possible to retire early, also for the self-employed
Until 2013, this was a possibility reserved for employed workers, but the Pension Reform and the subsequent modifications carried out on that date provided definitive support for a historic request from the autonomous sector.

The rules were established at that time, but every year they are updated as the self-employed Australia WhatsApp Number List person's own retirement pension is modified . A few days ago we published an article on how the self-employed retirement looks like for this 2020 that you can access from here .

And it is that as the legally increased minimum age and years of contribution to retire in an ordinary way, the moment in which you can voluntarily access its early version increases proportionally.



Requirements to access early retirement for the self-employed in 2020
There are four basic requirements to access this type of retirement :

Have reached an age that is less than two years, at most, to the ordinary retirement age. In other words, if for this year 2020 the minimum retirement age is 65, you will not be able to access the early version if you have not turned 63.
Have covered the mandatory minimum contribution period to be able to retire. We are talking about 37 years or more with 63 years, or less than 37 years of contributions if you access early retirement from the age of 63 and 10 months.
It must also prove that at least 2 years of contributions are included within the 15 years immediately prior to the time of requesting early retirement.