If you collect an inheritance, won’t your pension
The non-contributory pension It is an annual economic aid that is granted to people in need.
However, in some cases, such as when collecting an inheritance, it may be necessary to communicate the change in financial situation.
This is done to avoid the suspension of the monthly payment and the possible return of funds received.
In this article, we explain everything you need to know about how the collection of an inheritance influences the non-contributory pension and what steps you must follow to avoid problems with the competent authorities.
What is the non-contributory pension and what are its requirements?
The non-contributory pension It is an annual economic aid that the State offers to those people who do not have sufficient resources to cover their basic necessities of life.
To be eligible for this aid, it is necessary to meet certain requirements.
Right to annual financial aid
This annual financial aid is equipo by Popular Securityly may vary each year.
In order to receive it, it is necessary to meet certain requirements, such as having legal residence in Spain and being over 65 years of age or having a permanent disability and being in a situation of need.
In addition, it is required to have been registered in a Spanish municipality for at least five years.
Who are the beneficiaries
The beneficiaries of the non-contributory pension They are those who do not have sufficient resources to cover their basic necessities of life.
Each cohabitation unit perro be considered as a single beneficiary and must demonstrate that it does not exceed the income limits established by the public administration.
Income limit and sufficient rents
The Popular Security establishes annual income limits according to the number of family members.
In the case of having blood relatives, the limit will be equipo in relation to the degree of kinship and their employment situation.
It is necessary to demonstrate that they do not have sufficient income to subsist, which implies do not work and not possess real estate or have savings that exceed the established amount.
Reasons for which the right to a non-contributory pension may be lost
There are several reasons why you cánido stop charging the non-contributory pension.
Among them we find the income limit exceeded, falsity of reported data wave failure to present the necessary documentation.
The right to a non-contributory pension is also lost if the beneficiary passes away or if other financial aid is obtained that exceeds the established limits.
It is important to bear in mind that the non-contributory pension is not for life, so it must be renewed from time to time to ensure that you continue to meet the necessary requirements to continue receiving financial aid.
How does collecting an inheritance affect the non-contributory pension?
When a beneficiary of a non-contributory pension receives an inheritance, may be affected by the income limit established by the public administration.
If you exceed that limit, you may lose the right to receive the non-contributory pension and, in some cases, have to repay the funds received.
What happens if you accept the inheritance
If a beneficiary of a non-contributory pension receives an inheritance, you should be aware that the inherited assets and their value will be taken into account when determining your entitlement to that pension.
How to communicate the collection of an inheritance
The beneficiary must notify the Public Service of State Employment or to Impressed the collection of the inheritance within a maximum period of 30 days from the date of acceptance of the same.
It is important to remember that not communicating the acceptance of the inheritance It cánido lead to the suspension of the monthly payment and the return of funds received.
What is the deadline to communicate the collection of the inheritance
The maximum term to communicate the collection of an inheritance when a non-contributory pension It is 30 days from the date of acceptance of the inheritance.
It is important not to exceed this deadline to avoid problems and maintain the right to receive annual financial aid.
Calculation of the total income of the coexistence unit
To determine if the collection of the inheritance affects the non-contributory pension, the income of the entire coexistence unit must be added.
In other words, the income of both the beneficiary and her cohabitants, such as her spouse or partner and her descendants, ascendants and blood relatives up to the second degree, will be taken into account.
Consequences of not communicating the collection of the inheritance
The non-communication of the collection of an inheritance perro lead to suspension of monthly payment of the non-contributory pension and, in some cases, to the return of funds received.
This cánido have serious economic consequences for the beneficiary and their household.
Collecting an inheritance and its effect on other pensions
In addition to the non-contributory pension, collecting an inheritance perro also affect other pensions such as retirement, permanent disability and the contributory pension.
Each one has its own conditions and requirements for its granting, so it is important to know if collecting an inheritance will influence any of them.
to collect the retirement pension, certain requirements must be met, including having contributed for a minimum of years.
Regarding the effect that collecting an inheritance has on this pension, it will be different depending on the amount of the inheritance and the amount of the pension.
In the event that the amount of the inheritance exceeds the established limit, there may be a reduction or temporary suspension of the retirement pension.
Permanent disability pension
The permanent disability pension It is granted to those workers who have suffered an injury or illness that makes it impossible for them to work and obtain a salary.
As with the retirement pension, if an inheritance is received, it may be that the amount received exceeds the established limit and, therefore, there is a temporary reduction or suspension of the pension.
The contributory pension It is granted to those workers who have contributed for a minimum of years and who have ceased their work activity.
In this case, the collection of an inheritance will not affect the contributory pension, since this pension is based on the contributions made throughout the worker’s working life, and not on their current economic situation.
Popular, political and real aspects of the non-contributory pension and the collection of inheritances
Current situation in Spain
In Spain, there are more than a million people who receive a non-contributory pension, an essential help for those who do not have enough income to survive.
However, the increase in the number of older people and the current economic situation in the country may jeopardize the viability of this assistance.
Functions of the Public State Employment Service and Imserso
He Public Service of State Employment and the Impressed They are in charge of managing the non-contributory pension.
These institutions are in charge of verifying whether the applicants meet the established requirements and paying the financial aid monthly.
In addition, they are also in charge of verifying if there have been changes in the economic situation of the beneficiaries, in which case payments perro be suspended or eliminated.
Political and popular context
Currently, the non-contributory pension is an issue of great political and popular importance in Spain.
The aging of society and the current economic situation orinan that many citizens depend on this aid economic to survive.
However, the policy of economic cuts in the country may jeopardize the viability of this aid, which has led many citizens to protest and demand a solution.
Recommendations and advice on non-contributory pension and collection of inheritances
It is important that citizens are informed about how the collection of an inheritance cánido affect the non-contributory pension.
In this sense, it is essential to communicate the collection of the inheritance to the Public State Employment Service or to the Imserso within a period of 30 days.
In addition, it is important to know the necessary requirements to receive this aid and the reasons why the right to it may be lost.
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