Can I work if I am retired?
The general rule is that receiving a pension is incompatible with undertaking work either for another person or as a self-employed person or with activities carried out for the Public Administrations.
There are some exceptions to this rule: the retirement pension is compatible with the undertaking of:
Part-time work under the terms established for flexible retirement. The total sum of the retirement pension will be reduced by an amount inversely proportional to the reduction applicable to the day's work.
Self employed work, the total annual income from which does not exceed the annual Minimum Professional Wage (SMI).
Any work for another person or as a self-employed person carried out by the pensioner, provided they started to draw the pension at the statutory age (without bonuses and not early) and the percentage applicable to the respective Base Pension for the purposes of determining the sum of the pension reaches 100%. As a general rule, the sum of the pension will be equivalent to 50% of the amount of the pension.
In any case, the pensioner should let the management entity know that they are going to start work.