Entrepreneur, how is your retirement planning?

When we talk about retirement due to contribution time, the monthly amount for the National Social Security Institute (INSS) comes to mind, which is deducted every month from the paycheck of the people who work under the CLT regime and ensures a monthly income for when the worker leaves the job market. Even with the pension reform in progress and despite the discussions about the model to be adopted, this benefit will not cease to be granted.

Now, when we talk about entrepreneurs, the dynamics are a little different. The legislation ensures that all workers, whether formally signed or not, as long as they contribute for the period required by law and meet other requirements, are entitled to retirement for contribution time.

But what is different? If those who work in the portfolio do not need to worry about the monthly contribution to the INSS because the responsibility for cashing and collecting is the employer, in the case of those who own the business and are not a service provider for companies as an individual taxpayer. , this commitment is only his. Failure to comply with the law is even liable to a fine.

In general, the amount to be paid by the taxpayer corresponds to 20% of the amount of the pro-labore, limited to the maximum social security contribution ceiling. When the worker is self-employed or an entrepreneur who provides services to companies, this percentage is reduced to 11% and who is responsible for the discount and collection is the company contracting the services.

The individual taxpayer who works for himself or herself, with no working relationship with companies, and the Individual Microentrepreneur (MEI) can opt out of the right to benefit and choose retirement by age. In this case, the percentage to be paid to the INSS is 11%, for the individual taxpayer and 5%, for MEI, on the minimum wage.

In the future, if you change your mind and want to retire for a period of contribution, you should make a supplement to what has been paid monthly over the years. In other words, the difference between the percentage collected (11% or 5%, as the case may be) and the 20% of the rate charged from other taxpayers, plus interest, is paid.

For example, if you are an MEI and pay monthly 5% corresponding to the minimum wage in force during the required period, you will retire when you have the minimum age provided for in the legislation. If you wish to switch to contribution time mode, you must pay the remaining 15% multiplied by the time already contributed to the INSS. What changes between these two models is the value of the benefit that the taxpayer will receive.

Therefore, it is important, as well as in the management of the company, to have financial planning, but focused only on retirement. In addition to contributing to INSS and having a financial reserve for emergencies, why not think about other forms of investment to ensure more comfort and safety in the future?

The first step is to look for a specialized professional to understand how much you need to invest today to ensure a smooth retirement. The ideal is to separate, in addition to what must already be paid according to pro-labore, at least another 10% of monthly income to invest in other options, such as private pension, fixed income investments (direct treasury or CDB) or even a immobile.

Another important point is to have discipline when reserving retirement money and consider the value as a fixed cost that cannot, under any circumstances, be neglected. And as having a business is dealing with instability, in a few months the turnover can be much lower than expected. In such cases, the recommendation is to save more in the following month or in the most profitable periods.

Ensuring a stable future for when you want to stop, slow down or even take a sabbatical is totally possible, but it requires the entrepreneur to create a plan that contemplates diverse investments, actions to deal with less profitable months and is governed by personal finances . In short, it requires planning and discipline.

* Milena Sanches Tayano dos Santos *, Manager of regulatory and legal content at Sage Brasil

Notice: The opinion presented in this article is the responsibility of its author and not of ABES - Brazilian Association of Software Companies