by Niels Saelens
published on Sunday, September 17, 2023 at 4:55 PM •
3 min read
The De Croo government has reformed pensions in 2021. As part of that reform, the so-called correction coefficient for the self-employed was abolished. But what exactly does that mean?
Why is this important?
This article was created thanks to a question from a reader. He wondered whether the abolition of the correction coefficient would only apply to self-employed income after 2021. Do you also have a question for the editors? Don’t hesitate and send it to this address.
Context: To boost the pensions of the self-employed, the federal government abolished the correction coefficient two years ago.
Until 2021, only 69 percent of a self-employed person’s annual income counted towards the calculation of the pension. This correction coefficient was introduced in the 1980s to take into account the lower contribution of self-employed people to social security compared to employees. Because social contributions are now approx
This premium article is exclusive to subscribers
Now read 3 articles for free per month!
Do you think ahead, about the future of tomorrow? Business AM is your guide through change. Don’t follow the facts and be part of Flanders’ fastest growing business website.
Already a subscriber? Log in and get access to all premium articles.
2023-09-17 14:55:53
#Abolition #correction #coefficient #selfemployed #people #big #impact #pensions
