Retiring is one of the most important aspects of working life, even if you don’t think about it from the start.
The desire of everyday life and day to day often prevent us from thinking about such a distant future, but it is necessary to take actions from youth to avoid surprises in old age.
This precept also applies to independent workers, who have the obligation to pay their social security; that involves health, layoffs and, of course, pension. Since they do not have employees, they are the ones who must manage these procedures.
(You can read: What happens if your company delays in consigning layoffs?).
The Pension and Parafiscal Management Unit (UGPP), as explained by an expert lawyer from the Free University to ‘Portfolio’, can impose a series of sanctions if the independent worker presents evasion or avoidance in the payment of his pension contributionshaving the ability to pay.
Sanctions are enshrined in article 314 of Law 1819/16, which establishes them based on the offense. And it also applies to the administrators of the Social Protection System that fail to comply.
Can independent workers make advance contributions to Colpensiones?
But, what happens if you are an independent worker and intend to make advance contributions to Colpensiones? According to the portal specialized in economic issues ‘Valora Analitik’, It is possible if you have the economic capacity to do so.
There is no possibility, in the medium premium regime, of making voluntary contributions
«In this case, Colombian regulations state that, in accordance with Decree 1406 of 1999, independent workers may cancel up to one year in advance (from January to December) the amount corresponding to their contributions.«, can be read on the aforementioned portal.
(Be sure to read: This is how you pay for non-consumption, a tax for which Rappi was denounced before Dian).
As explained on the official Colpensiones website, These contributions must be made based on a current monthly legal minimum wage (SMLMV) or its proportion in daysthrough Schedule I – Independent, which «allows payment to the Pension Solidarity Fund (FSP) for independent contributors with income greater than (4) SMLMV, as long as they do not come from a single source of income«.
In other words, it is not possible to do so in the medium premium regime.
STEFANIA LEÓN ARROYAVE
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*With Portfolio information
