2 February 2021

Social Security contribution benefits in 2020

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The benefits in Social Security contributions are deductions in tax payments that some companies can access. Read on and we will tell you about the requirements to obtain them. 

Table of contents

What are the benefits of National Insurance contributions? 

The benefits in Social Security contributions are deductions from the fee obtained as a result of applying certain percentages the same. These percentages apply only in certain cases. Their main motivation is Boosting access to the labour market for certain groups. Therefore, the main condition that allows a company to qualify for social security contribution benefits is that it hires individuals belonging to these groups, and furthermore, that it does so under specific conditions. 

Benefits in National Insurance contributions in 2020

These benefits may vary from year to year. In the case of the Social Security contributions in 2020, The groups that allow a company to be eligible for these benefits are as follows:

  • Persons with a disability equal to or greater than 33%. 
  • Permanently disabled readmitted. 
  • Family members employed by a self-employed worker. 
  • Socially excluded. 
  • Victims of domestic violence. 
  • Women victims of gender-based violence. 
  • Victims of terrorism. 
  • Victims of human trafficking. 
  • Long-term unemployed. 

In addition to the specific conditions for each group, benefits can also be obtained in social security contributions. when contracts are amended. For example, if a worker moves from a temporary contract to a permanent one, this can also translate into benefits in Social Security contributions (provided that the worker and the hiring conditions comply with what is set out in the regulation). 

You can consult the specific features and conditions for each case at this document from Ministry of Inclusion, Social Security and Migrations

Social benefits for employees

Offering beneficial working conditions not only favours the employees themselves, but also the company. Beneficial working conditions they improve the company's productivity, guarantee talent retention, and contribute to creating synergies for the benefit of all parties involved

In this regard, besides salary, another important aspect that needs to be taken into account when promoting these working conditions is social benefits offered to employees. Social benefits are benefits that are not economic in nature but, nevertheless, contribute to improving the working conditions and purchasing power of workers.

Two examples of the most common social benefits a company can offer its employees are Ticket Restaurant (which facilitates the payment of meals during working hours for employees), and Nursery Ticket (which contributes to reconciling work and family life for employees with children). This way, working conditions for employees are improved beyond a simple salary increase, something that not all companies can afford at all times.

We are a multi-solution platform offering services such as Edenred Mobility, Childcare, Health Insurance, and more, always adapting to society's needs to improve quality of life and enhance the joy of living.

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