The National Training and Employment Service (Sence) provides the Youth Employment Subsidy, a bond essential for those who are in the most vulnerable 40% of the population. This subsidy provides a monthly aid of $42,000 for a period of four consecutive years, with the aim of supporting young workers in their professional and personal development.
The requirements
To apply for this bondThe State has established three minimum conditions: the first is to be between 18 and 24 years and 11 months old. In addition, those who are 21 years old or older must have their secondary education certificate. Secondly, applicants must be registered in the most vulnerable 40% of the Social Household Registry. Finally, applicants are required to work as dependent or independent workers.
Once these are fulfilled requirements initials, workers must ensure that they meet other conditions to receive the monthly payment of the bondTo qualify for the annual payment, it is necessary to have an income of less than $7,627,812, while for the monthly payment, the income must be less than $635,651. In addition, it is essential to have the contributions up to date. In the case of independent workers, they must issue honorarium receipts and file the Income Tax Return.
Pexels / Ivan Samkov.
There are also additional restrictions that applicants for the bond must consider. They cannot work in any State institution or in companies with State contributions greater than 50%. Likewise, they must not be beneficiaries of the Guaranteed Minimum Income during the processed income period.
Pexels / Pavel Danilyuk.
The application process for the Youth Employment Subsidy is simple and is done online. Those interested in the bond They must go to the Youth Employment Subsidy website and log in with their Unique Key, Sence Key or Tax Key. Once inside the system, they must select the “Worker” option and then “Enter”. Next, they must complete the form with their personal information and click on “Apply”.
