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Social security in Madrid is around 260 EUR/month Rates are much lower compared to London or Germany (where I have worked before, I'm german). However, income
by amorphous 12y ago
Social security in Madrid is around 260 EUR/month
Rates are much lower compared to London or Germany (where I have worked before, I'm german). However, income tax (IRPF) also, I pay around 20% (in Germany I'd pay at least 30-35%)
I wasn't aware of a cut for the first 2 years, that's either only in Catalonia or a new law (I moved to Madrid 3.5 years ago)
7K/month would be a very good salary in Madrid. I earned around 5K, but now I work remotely for companies in Germany or England (with better rates)
One thing to know though is that working freelance is rare in Spain, I get asked in interviews why the hell I want to stay freelance if they are offering me a permanent position.
- fasteo 12y ago330 EUR/month gives you additional coverage in case of illness. But yes, you can get away with 260 EUR/month. Yes, new law. For new autonomos only. The cut is not linear. I believe you have to pay 50 EUR/month first 6 months, then 130 EUR/month for 18 months. Yes, freelancing is rare in IT, but pretty normal in many professions. There are around 3 millions autonomos in Spain, out of 16 million workers.
- amorphous 12y agoAh yes true, I remember when registering for social security that there were two options, but the more expensive one didn't seem worthwhile (at the time at least) Yes I meant freelancers are rare in IT, which makes finding projects harder. But in general it seems to be considered less safe, for example it makes renting a flat more difficult if you tell you are autonomo (even though I'd earn maybe half of my current salary if I had a permanent position). It is my impression that most freelancer only work that way because they can't find a permanent position (unless they work in a profession that is independent by nature, like accountants etc)
- fasteo 12y agoIt is generally not worthwhile, but in some cases it might be interesting. For example, if you commute a lot to your customer offices, in case of a car accident your rehab will be covered by the additional quota. Otherwise, you are on your own (public health service will take care of your injuries, but no rehab) Like the paella, this is the typical Spanish mindset. Safe, permanent job. How I hate this is beyond words ...