The Household allowance It is a benefit that grants a sum of money to workers and pensioners for each recognized family burden. The amount of this allowance varies according to the salary of the beneficiary, and is paid monthly to dependent workers affiliated with a pension system, such as the AFPs and the IPS. Self-employed workers, for their part, receive payment once a year.
The validity of the Family Allowance depends on the conditions established by law and the particular situation of each beneficiary. Various groups of people can be beneficiaries of this subsidyincluding dependent workers in the public and private sectors, independent workers affiliated with a pension scheme that includes this allowance as a benefit, pensioners of any scheme, among others.
The amount of the Household allowance it also varies according to the monthly income of the worker or beneficiary. For monthly income up to $429,899, the amount is $20,328. For monthly income between $429,900 and $627,913, the amount is $12,475. And for monthly income between $627,914 and $979,330, the amount is $3,942.
It is important that the beneficiaries are aware of the requirements and conditions to access this subsidy, as well as the period of validity of the benefit. If the beneficiary’s income exceeds $955,444, they will not be eligible for this particular allowance, although they may still be eligible for other allowances and benefits.
To receive the Household allowance, dependent workers must be affiliated to a pension system, and independent workers must accredit charges in the IPS. Retirees can also access this benefit, as long as they meet the requirements established by law.
