How to calculate the voluntary contributions of the employee

Voluntary contribution: when to pay, how to calculate it, how does it contribute to retirement

Are there few pensions and you were fired? Or do you have a part-time contract with a low salary, so that contributions do not cover the entire year for retirement purposes? In order not to delete the retirement date, you can pay voluntary contributions: these are payments to the INPS which are used to cover a period not badessed, or partially badessed, for retirement purposes. Voluntary contributions are not always paid by the worker: in many cases, the company supports their payment. If the company, for example, decides to fire a dismissed worker near retirement, the company can, through the company's intermediary, make voluntary contributions for the entire missing period at the time of the expiry of the retirement pension. But what is the voluntary contribution? Is it a cost that the worker can easily bear? Are voluntary contributions, in addition to being useful for reaching retirement, also increasing the amount? Let's take stock of the situation: How to calculate the voluntary contributions of the employee How and where to pay them, how they affect retirement

What are the voluntary contributions?

Voluntary Contributions are payments made entirely by the worker, made voluntarily when the employment relationship that gave rise to the obligation to insure the Inps Ivs (Old Age Disability) survivor) is interrupted or terminated. They are used to cover, from the point of view of social security, non-contributory periods and thus accelerate retirement.

To be able to make voluntary contributions, the INPS authorization is required.

also be paid by the company in special situations, for example to supplement the pension of the worker who requested the retirement pension Ape: in these cases we are talking about a bee company. The employer may also provide for a severance pay calculated on the basis of the worker's voluntary contributions to retire.

How to calculate voluntary contributions?

As for the amount [19659009] of voluntary contributions these must be calculated on a weekly basis. To obtain the amount of the weekly voluntary contribution, the current tax rate of compulsory contributions must be applied (for employees generally 33% to the exclusion of those authorized before 1996, the rate of which is equal to 27.87%) to the average of the taxable remuneration received during the year preceding the date of authorization.

In practice, one must consider the taxable Inps of the last 12 months shown in the average payroll, and apply a rate of 33% to the average monthly taxable amount. The monthly voluntary contributions calculated in this way must be multiplied by the number of months to be covered for retirement: this leads to the total cost of voluntary contributions.

The rates to be applied to the taxable income of the Inps are different, according to the category of workers taken into consideration:

• 33% for the generality of non-agricultural employees; after a certain annual threshold of taxable income, an additional rate of 1% must be added at the rate of 33%
• 17.4275% for domestic workers and caregivers,
• 23.55% for artisans
• ] 23, 64% for traders
• 34.23% for employees
• 25.72% for professionals registered in separate management.

The rate, for employees, is calculated, however, on minimum to guarantee the entire pension coverage for the period: the minimum amount of the weekly salary on which to calculate the Voluntary contribution, in fact, must be at least 40% of the minimum monthly pension paid by the Employee Retirement Fund (FPLD), in force for the year in question: for employees, in 2018 , the minimum is 202.97 euros. For domestic workers and caregivers, the rate is calculated on the conventional wage; for craftsmen and traders on the average business income of the last three years, while for co.co.co. and professionals on the average amount of compensation received in the last 12 months, but with the respect of a minimum.

Example of Calculation of Voluntary Contributions

Let us take an example of the calculation of voluntary contributions. Mario, during the last 12 months of work, has a total taxable INPS of 30 thousand euros. He resigns (he therefore has no rights to the Naspi, which guarantees coverage of the period with figurative contributions) after 6 months of retirement. To cover the period for pension purposes must pay voluntary contributions, but how much they raise?

To know, he must perform the following steps:

• calculate monthly taxable income: 30,000: 12 = 2,500;
• calculate the monthly voluntary contributions: 2500 x 33% = 825
• we multiply the monthly contributions by the number of months to cover: 825 x 6 = 4.950

And we get the total of the voluntary contributions due [19659026] When voluntary contributions are paid

With regard to the payment of voluntary contributions, this may be done, as desired, in any of the directions in which the person concerned is registered, provided that in the management chosen:

• you have at least 3 years of contribution (156 weeks) paid in the last five years,
• alternatively, you have at least 5 years of contribution (260 weeks) paid during a any period.

In the absence of these conditions, it is not possible to keep the authorization to pay voluntary contributions

Authorization to pay voluntary contributions

The authorization [19659033] to the payment of voluntary contributions can be requested by who is unemployed or on the move, it being understood that no payment can be made during the periods covered by a figurative contribution due to unemployment or the mobility: in practice, if the person receiving the Naspi or other unemployment benefit, he can not pay subsidy, as the INPS, during periods of unemployment, recognizes the figurative contributions

Workers with a contract of part – time work may be allowed to make voluntary contributions, both for periods in which the activity is not carried out, in the case of. a vertical or mixed part-time part, and for horizontal part-time cases (p. restitution made daily, but with reduced hours), also in the context of a working relationship

Once granted permission, it only covers the later periods (it n & # 39; It is not possible, for example, to request voluntary contributions to cover a non-working period linked to previous years). The only exception is the right to voluntarily cover even the 6 months preceding the application: this is possible if there is no contribution to the semester, even figurative.

The authorization is still valid and never expires: if payments are interrupted, can be resumed at any time, but do not cover previous periods.

When voluntary contributions can not be paid

Voluntary contributions can not be paid :

• ] in periods when the insured is affiliated to the general insurance compulsory INPS
• in the form of alternative insurance, exclusive or exempt, during periods when the insured is enrolled in management, artisans, traders or farmers [19659013] in periods when the insured is registered in an independent account or in the separate management of the Inps: since it is not possible to cancel the separate management, it is necessary that the collaborative relationship, or the autonomous activity, which gave rise to the obligation to contribute to the management itself,
• in the periods after the start of the direct pension (both is liquidated by the INPS, in any direction, and liquidated by others social security institutions.)

Voluntary contributions may be paid at the time of payment of the disability allowance.

How are voluntary contributions paid? 19659004] Voluntary contributions are paid every 3 months with the bulletin Mav sent by the INPS