According to Decree No. 3, published in the Official Gazette on February 6, 2025, the monthly minimum wage has been set at $510,636 as of January 1, 2025.

This calculation was based on the variation of the Consumer Price Index (CPI) between July 1, 2024, and December 31, 2024.

1. It is important to note that the increase in the Monthly Minimum Wage impacts:

• The increase in the cap for statutory bonuses, meaning that this new amount must be considered when calculating the maximum limit of 4.75 monthly minimum wages.
• Aumento en los montos de las multas administrativas impuestas por la Inspección del Trabajo, calculadas conforme al ingreso mínimo mensual.

1. Additionally, as of January 1, 2025, the following values are updated:

• Monthly minimum wage for workers under 18 and over 65 years old: $380.923.-
• Monthly minimum wage for non-remuneration purposes: CLP $340,988 $329.151.-

1. The caps on taxable income for pension and social security contributions have also increased:

• Pension system (AFP), health system (FONASA/ISAPRE), and work accident insurance contributions: 87.8 UF
• Unemployment insurance (AFC) contributions: 131.8 UF

These new caps will apply starting with the payment of pension contributions corresponding to January 2025 salaries.

For additional information on this matter, please contact Alfred Sherman (asherman@jdf.cl) or Leyla Alul (lalul@jdf.cl).