How does progressive retirement work for liberals? | EUROtoday

Question to an professional

I work as a freelancer, beneath what situations can I acquire my progressive retirement and the way will it’s calculated?

The newest pension reform allowed liberal professions to entry progressive retirement, from 1^er January 2024. This system lets you scale back your working time whereas receiving a part of your pension(s).

The situations to learn from it are of the identical nature as these requested of workers. You should be two years or much less out of your authorized retirement age – it varies relying on the technology -, have an insurance coverage interval of not less than 150 quarters and maintain 40% to 80% of your earlier revenue. Another situation, solely perform a liberal exercise.

The discount in revenue, calculated annually on 1^er July, corresponds to the ratio between the revenue of the earlier yr and the typical of that of the 5 years earlier than progressive retirement.

Supplementary pension

Liberals can solely begin phased retirement on 1^er January. For the primary eighteen months, they are going to routinely obtain 50% of the quantity of their total pension, on a provisional foundation. If this 50% doesn’t correspond to their stage of discount in exercise, they should repay the overpayment, which will probably be deducted from the next installments. Conversely, they are going to obtain a retirement complement.

Please notice, most liberal professions funds don’t assist you to obtain the supplementary pension portion throughout gradual retirement. You should contact your plan to test, earlier than beginning.