Pension Increases in Spain: What Expats Need to Know for 2025-2028
As the new year approaches, retirees and pensioners in Spain, including expats, are set to benefit from significant pension increases over the next few years. Here’s a detailed look at what these changes entail and how they might impact your financial planning.
Pension Hikes: A Welcome Relief
Starting from 2025, contributory pensions in Spain are expected to rise by an average of 9%, a move that is part of a broader effort to adjust pensions in line with the country's economic growth and inflation rates. This increase is particularly noteworthy given the economic challenges faced by many retirees in recent years.
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