Resources

It depends on how old you are when you retire and the contributions made to the Social Security system during your working life. The retirement age in Spain will increase gradually until 2027, when it will be 67 years. In 2025, the retirement age is 66 years and 8 months if you want to receive 100% of your pension.

The deceased must have been registered with the Social Security institution and paying contributions to it for a certain time. The calculation basis depends on the deceased’s situation (active worker or pensioner) and the cause of their death (common contingency or workplace contingency). Feel free to ask for advice.

Generally speaking, you cannot retire at 55, as you need to reach the minimum age to be entitled to a forced early retirement pension, which is four years before the legal retirement age.

People often ask themselves what they should do to have a good pension pot, but there is no specific guide for this. What you really need is the help of an expert advisor or to draw up a plan with a pension scheme early on.

We advise you to start early. How can you prepare for retirement? Some tips include first thinking about how you would like to live when you retire. Estimate how much pension you will receive from the government, taking into account important factors like inflation and your return or risk profile. Look into pension schemes and sign up for the one that best fits your needs. Persevere and be patient so that you avoid dipping into the nest egg you are building for your retirement. 

There is no specific amount you should save, but we do advise you to put aside at least 10% of your monthly salary and increase this as your salary rises over time.

There is the option of paying the contributions yourself through special agreements with the Social Security authorities to keep being entitled to your pension. Ask one of our advisors or staff members.