We are going to explain to you how to use the freelance quota simulator that has been created by Social Security. With this simulator, the self-employed will be able to know the fee they will pay each month, which from now on is dependent on the net income they have throughout the year.
This change in the contribution system has come into force on January 1, and as there has been a bit of confusion, this simulator has been created to facilitate how much to pay. To use it you will not have to identify yourselfsince it is a merely informative tool.
Fees will be calculated taking into account your forecast of the income that you think you will have throughout the year. Then, at the end of the year, if your income has been less than expected, you can request a refund of part of the fees to adjust it to what you have actually earned, and if you earn more than expected, you will have to pay the difference.
How to use the freelance quota simulator
To use the simulator, all you have to do is enter the 2023 Fee Calculator page, whose web address is portal.seg-social.gob.es/wps/portal/importass/importass/tramites/simuladorRETAPublico . When you’re inside, you’ll have links that will take you to additional information to, for example, help you with how to calculate your net income as a freelancer.
On the installment calculator or simulator page, all you have to do is, once you have calculated your net income estimate, display the Choose a section menu What do you have at the bottom? When you do, you have to choose the income tranche you think you will have from those that appear on the list. To make it easier for you, you are told with an amount of euros per month that you think you are going to charge.
Once you choose the amount, you will be shown the minimum or maximum fee you can pay to Social Security. You will have a bar, and by moving it you will be able to make the quota higher or lower and see how that affects the contribution base. Paying more fees to contribute more can help you, for example, to have a better retirement, and therefore you have a margin in which you can choose to pay more or less.