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BOE Confirms 0.90% MEI Payroll Surcharge From January 2026

The levy directs new contributions to the pension reserve to reinforce the system’s long‑term sustainability.

Overview

  • Employers will contribute 0.75% and employees 0.15% of the contributory base under the 2026 rate.
  • Official estimates point to about €94.77 a year for those at the 2026 maximum base (€63,180) and roughly €42 for a €28,000 base.
  • The deduction is mandatory for all Social Security contributors and will be applied automatically on payrolls with no action required by workers.
  • The legally set timetable raises the rate to 1.00% in 2027 and 1.10% in 2028, reaching 1.20% from 2029 through 2050.
  • The surcharge does not create additional pension rights, and employer groups, unions and economists caution about reduced take‑home pay and purchasing power.