🇪🇸 Pension & Retirement in Spain

Karita
Karita
  • Updated

In Spain pensions are part of the social security contributions which are paid by the employer and the employee through payroll.

Spanish state pension includes significant contributions from the employer; 23.6% of a team member’s salary, while a Spanish team member contributes 4.7% of their salary.

Private pensions are not very common because of Spain’s generous state pension.