The application for family benefits is one of the issues on which our
customers are more interested and
because of the deep crisis that plagues
us the number of families who use
them have been increased in the past months, so in order to
give answer to the big demand of information today we
begin a series of articles with
the purpose of informing you about the following family benefits and
the necessary requirements to get them:
Family benefits are provided to cover
the financial needs or extra expenses of certain people, caused by family
responsibilities and the birth or adoption of children in certain cases.
These are non-contributory benefits,
except for the "non-economic" benefit that offers protection at the
contributory level only.
Economic Benefit for Dependent Child or Minor in Foster Care
It is an economic allocation for each
dependent child or foster child of the beneficiary under the age of 18, or
older if affected by a degree of disability greater than or equal to 65%.
The "dependent" children or foster children, who live with
and depend
financially on the beneficiary, as long as they are under the age of
18, or older if affected by a degree of disability greater than or equal to
65%.
They are
considered to be dependent, even if they have paid employment, as long as they
continue living with the beneficiary and the income from their work
does not exceed 100% of the SMI (legal minimum wage) in force at
any given time, calculated on an annual basis.
The
beneficiaries are:
·
The parents, adoptive parents or foster parents who fulfill the
requirements.
·
Disabled children over the age of 18 who have not been
legally disqualified and who retain the ability to work.
· Orphans of both parents and adoptive parents under the age of 18 or with
a degree of disability greater than or equal to 65%.
·
Children who are not orphans but have been abandoned by their
parents or adoptive parents, as long as they are not in permanent or
pre-adoptive foster care and they meet the age or disability
requirements described in the previous point.
The
requirements to get the benefits are:
·
Legally
residing in Spain.
·
To have dependent children or foster children under the age of
18, or older with a degree of disability greater than or equal to 65% and
be resident in Spain.
·
To not be entitled to the same types of benefits in any other
social protection scheme.
· To not receive an annual Income of any kind over the
set limits. No income limit is required for acknowledging the status
of beneficiary due to having a dependant child or foster child with
disabilities.
The amount of the
economic allocation differs according to the age and degree
of disability of the dependent child or foster child.
· 291.00 Euros annually (24.25 Euros monthly), when the recipient's
earnings do not exceed the limit established of 11,376.66 Euros plus 15% for
each dependent child or minor in foster care after the second child.
For large families,
the limit will be 17,122.59 Euros when there are 3 dependent children,
increasing by 2,773.39 Euros for each dependent child after and including the
fourth child.
·
Smaller, variable amount, when the recipient's earnings exceed the
maximum established in each case, but are less than the amount resulting from
adding to this figure the product of multiplying the annual amount for the
allocation per child or minor in foster care by the number of children
dependent upon the recipient.
The annual amount of the
allocation will be equal to the difference between the received earnings and
the figure resulting from applying the formula in the previous paragraph.
This difference is distributed between the dependent children or foster children and the monthly payments for the benefit in each tax year.
This difference is distributed between the dependent children or foster children and the monthly payments for the benefit in each tax year.
The economic allocation that is initially acknowledged
will be received, as long as changes do not occur in the family that
causes the allocation to increase, decrease or terminate. All
beneficiaries have the obligation to submit, to the INSS within a period
of 30 days, any changes in the family situation that involve the start,
modification or end of the entitlement to receive the economic allocation.
Denial/Termination:
·
Death of
the child.
·
The child reaches 18 years of age (except in cases of disability).
·
The disability ceases to exist.
· The child is no longer economically dependent (when the child's income
is over 100% of the SMI).
·
The corresponding income limits are surpassed.
For further details do not hesitate in contact VP Advisers.
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