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Retirement for MEIs is a relevant matter, especially with the social security changes expected for 2024. Starting next year, MEIs will have expanded access to retirement benefits, guaranteed by the National Institute of Social Security (INSS).
To qualify for this benefit, MEIs must meet certain criteria related to age and contribution time. These changes make formalization as an MEI even more attractive, offering not only business advantages but also social security protection.
To secure their right to retirement, MEIs must keep their monthly contributions up to date. The contribution is calculated as a percentage of the minimum wage and may vary according to changes in the salary floor. These contributions are made through the Simples Nacional Collection Document for Individual Microentrepreneurs (DAS).
Depending on the field of activity, ICMS and/or ISS may also be charged. Keeping contributions up to date and fulfilling tax obligations are essential steps for MEIs to enjoy retirement benefits.
See More: How do I know if I will receive an income tax refund?
Requirements for MEI retirement
The requirements for MEI retirement include a minimum age and contribution time to the INSS. In addition, MEIs may apply for the Permanent Disability Benefit, known as disability retirement, provided they prove the limitation that prevents them from carrying out their professional activities. For this, a minimum qualifying period of 12 months of contributions is required.
Social security contributions and benefits for MEIs
MEIs should pay attention to their monthly contributions to the INSS, made through the DAS. Therefore, the contribution rate is 5% of the minimum wage, subject to adjustments. The correct and regular payment of these contributions is essential to ensure access to retirement and other social security benefits. With the changes planned for 2024, more improvements are expected to be applied to the MEI category, making formalization even more beneficial.
In summary, MEIs are entitled to retirement, provided they meet the age and contribution period requirements and are up to date with their tax obligations. The changes planned for 2024 expand these benefits, reinforcing the importance of formalization and regular contributions.
