In August, the Chilean State, through the National Training and Employment Service (Sence), offers a significant economic benefit known as the Youth Employment Subsidy (SEJ). This bond is designed to support young workers across the country, providing assistance of up to $646,000.
The requirements
The Youth Employment Subsidy is a tool that seeks to improve the quality of life of young workers by providing essential financial support. To qualify for this bond in Augustapplicants must have a gross monthly income not exceeding $606,537. Alternatively, if annual income is considered, income must not exceed $7,278,446.
For monthly payments, the Subsidy is distributed in three tranches, Tranche A for salaries up to $282,512, which offers a benefit of up to $42,377; Tranche B for salaries between $282,512 and $353,140, with a bond close to $42,377; and Tier C for salaries higher than $353,140 but lower than $635,651, with benefits that decrease as income increases.
In the case of annual payments, the brackets are adjusted as follows: Bracket A, for salaries up to $3,390,139, receives up to $646,973; Bracket B, for salaries between $3,390,139 and $4,237,674, receives a bond close to $646,973; and Section C, for salaries higher than $4,237,674 but lower than $7,627,812, receives a subsidy that varies depending on the exact amount of the salary.
In addition to the income limit, there are other important conditions for accessing the Youth Employment Subsidy. Applicants for the bond They must be between 18 and 24 years and 11 months and 29 days old. It is essential that they are dependent or independent workers and that they belong to the 40% of lowest incomes according to the Social Household Registry. For those over 21 years of age, it is also necessary to have obtained a secondary school diploma.
In the case of dependent workers, their social security and health contributions must be up to date, and their gross monthly income must be less than $606,537. Self-employed workers, on the other hand, must prove, in order to access the bondan annual gross income of less than $7,278,446, in addition to issuing fee receipts and filing the income tax return with the Internal Revenue Service (SII).
