• Mon. Dec 6th, 2021

Social Security Warns, If You Do This You Can Lose Minimum Vital Income

ByRoger Fisher

Nov 21, 2021

The Minimum Living Income is helping many families in situations of social exclusion. A benefit that provides people with help to increase their financial capacity. However, in the same way that the right to receive this endowment can be generated, it can also be lost .

The Administration’s intention is that only those family units that really need it can access this aid. For this reason, there are very strict requirements to maintain this benefit, in such a way that the collection can be suspended or canceled indefinitely.

What are the reasons for suspending the Minimum Living Income?
When the conditions that once allowed to collect this aid are temporarily lost, the Administration suspends its receipt. In this sense, the reasons for which the collection of the Minimum Vital Income can be suspended are:

  • Temporary loss of any of the necessary conditions.
  • Temporary non-compliance with the requirements that are required to access the benefit.
  • In cases in which there are indications that obligations are being breached , until the doubt is resolved.
  • When the beneficiary travels abroad for a continuous period or not less than 90 days a year, without having notified the managing entity in advance of the transfer, or being duly justified.
  • Begin to receive income derived from an activity as a salaried or self-employed person.

The right to receive the benefit will not be returned until these aspects are resolved. However, if the suspension is maintained for one year, the collection of the Minimum Vital Income will be canceled indefinitely.

What are the reasons for canceling the Minimum Living Income?
Not only can beneficiaries suffer the suspension of their right to receive the Minimum Living Income, but if certain factors are met, they will lose this right completely. These are the reasons for canceling the IMV:

  • Death of the holder.
  • Definitively lose any of the necessary conditions.
  • When the beneficiary travels abroad for a continuous period or not exceeding 90 days a year, without having notified the managing entity in advance of the transfer, or being duly justified.
  • Give up the right.
  • Suspension of the benefit for a period exceeding one year.
  • Repeatedly breaching the prohibition of receiving income derived from an activity as a salaried or self-employed person.

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