Requirements and conditions of the subsidy
If you receive the allowance for over 52s, it is crucial to be aware of some details in order not to lose this aid from the Public State Employment Service (SEPE). This benefit is intended for people over 52 who are unemployed and meet certain contribution requirements. Although it can be perceived until you find a new job, there are conditions that, if not met, can lead to the loss of the benefit.
Annual income statement
One of the key requirements to maintain the allowance is the submission of the annual income statement. Every 12 months, from the moment you start receiving the benefit, you must submit this declaration to the SEPE. If you don’t do it on time, you could lose your allowance. This statement is vital because the SEPE needs to verify that your income does not exceed certain established limits in order to remain eligible to receive the aid.
What is the over 52 allowance?
The allowance for over 52s is a financial aid offered by the SEPE to people over 52 who are unemployed and who meet requirements such as being 52 years old at the time of application, having previously exhausted other benefits or subsidies, and having contributed at least 15 years to Social Security, among others.
Consequences of not submitting the annual income statement
Failure to submit the annual income statement may lead to the suspension and eventual cancellation of the subsidy. If you forget to submit it or you do it outside the deadline, the SEPE may consider that you no longer meet the conditions to receive the subsidy and, therefore, cancel the subsidy.
How to avoid the loss of the subsidy
To make sure you don’t lose the allowance, it’s important to mark your calendar for the annual income tax return submission date and prepare the documentation in advance. If you have doubts about the deadlines or the required documentation, you can contact the SEPE to obtain updated information.