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Pensioners in Spain will face 3 major changes in April

Older people will be able to continue to work past retirement age without impacting their pensions

The month of April is going to be full of changes for retirees in Spain thanks to a series of measures first announced last December. According to the Spanish government, the new rules aim to “make retirement pensions compatible with work, regulate a new procedure for accessing pensions for highly dangerous activities, and maximise the use of mutual insurance funds to restore the health of workers.”

The following changes will come into effect on April 1, 2025:

1. More flexibility in active retirement

Active retirement allows retirees to combine their pension with part-time work. From April, they will no longer need to make full contributions to qualify for early retirement. Instead, if they have worked for at least 15 years, they can start receiving their pension while still working.

In addition, after five years of active retirement it will be possible for retirees to combine 100% of the pension with work.

The amount of pension older people can receive while working will increase over time, following a one-year delay: 45% after the second year, then 55% and up to 100% after five years.

2. New options for partial retirement

Partial retirement lets pensioners work part-time and receive a reduced pension. The new rules introduce some welcome changes:

Pensioners can access partial retirement up to three years before reaching the standard retirement age, as long as they have a replacement contract.
If they retire more than two years early, they can reduce their working hours by 20-33% in the first year.
Fixed-term workers can now be substitute workers in partial retirement.
Pensioners who have reached the standard retirement age can access partial retirement with a 25-75% (previously 50%) reduction in working hours, without needing a replacement contract.

3. More money for delayed retirement

If pensioners choose to delay their retirement, they will now receive more pension money for every additional six months they work, rather than after 12 months. This means they can boost their pension pot by working a bit longer.

According to the Spanish government, these changes aim to give pensioners more flexibility and options for managing their money while offering the option to remain part of the workforce for longer.

Also of interest: UK state pension in Spain—How to ensure you’re receiving your full entitlement

Image: Freepik

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