It’s not impossible stop working at 50. As difficult as it may be, through careful financial planning you can put aside enough money to retire from the job market as soon as you turn fifty.
However, you need to set aside enough money to at least cover the years leading up to retirement 17 if the necessary requirements for old-age pension are considered. In this regard, it would be appropriate to have set aside an amount equal to at least 20 times one’s annual income, a challenge which obviously requires the interlocking of some elements to be completed. You need one adequate salary to set aside the money needed to reach the aforementioned goal every month, combined with careful planning on how to invest your savings.
Otherwise, there is only one solution governed by our legal system that allows you to retire even at the threshold of 50 yearseven before since There is no age requirement and they are sufficient just 5 years of work. However, this is only foreseen in the cases of worsening of health conditionsto the point of significantly reducing the person’s working capacity.
Pension at 50, only one case provided for by law
To retire to 50 yearsor even before, it is necessary to be an employee, self-employed and registered with the Separate Management with working capacity reduced to less than a third because of physical or mental infirmity.
An unpleasant situation that obviously we hope will never occur, also because the pension that is recognized risks being very low.
In detail, where upon the occurrence of the aforementioned condition the worker has accrued at least 5 years of contributionsof which at least 3 years in the previous five years, can apply for the so-called ordinary disability allowance.
A real pension, with the difference that it does not require you to satisfy any age requirements. Also the calculation of the amount follows the same rules as social security treatments, which as anticipated can represent a problem. Especially for the periods after 1996, for which the contributory calculation system is used, the risk is of finding oneself with a pension that is not sufficient to cover all the expenses.
Let’s think, for example, of those who request it from 50 years of age with 20 years of contributions and a contribution amount of 200 thousand euros: the resulting pension will be equal to approximately 650 euros per month. Or to those who do it to 35 years with just 10 years of contributions and an amount of 85,000 euros: the allowance in this case will be equal to approximately 280 euros per month, with the disadvantage of not even enjoying the minimum increase (precluded to pure contributors). At least the perception of the Aoi is compatible with carrying out the work activity, but in this case the amount is reduced. In detail, with a profit between 31,127.72 euros and 38,909.65 euros take a cut of the 25%while if higher the reduction is 50%.
Instead it is up to disability pension for those for whom theabsolute And permanent inability to carry out any work activity. Requirements And calculation of the amount follow the same rules as the ordinary disability allowance, and consequently pensions in general, with the difference that it’s not compatible with the carrying out of any work activity.
In both cases, the aforementioned measures transform into an old-age pension upon reaching the required requirements, therefore at the age of 67.
Pension at 57 with RITA
Although in Italy there are no other measures that allow you to retire at 50, as mentioned at the beginning of the article this goal is still possible through aaccurate financial management of their savings.
In this regard, it is important to know that by investing in a supplementary pension fund you can receive a monthly income with 10 years in advance compared to reaching the age of 67.
Thanks to the RITA (acronym for Early temporary supplementary income), with which those who have joined a pension fund can ask to receive in advance the capital accrued in order to receive a annuity in the years that separate him from retirement.
In detail, the RITA can be requested by those who are registered with at least 5 years to the aforementioned fund, has accrued at least 20 years of contributions in the mandatory management of reference and has stopped working. The request can be made 5 years earlier from reaching the age of 67 required for the old-age pension, or even 10 years earlier by those who have stopped working for at least 2 years.
