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.
- It is important to note that the increase in the Monthly Minimum Wage impacts:
- The cap on statutory profit-sharing (gratificación legal), and therefore this new amount must be considered when calculating the maximum limit equivalent to 4.75 monthly minimum wages.
- The amount of administrative fines imposed by the Labor Inspectorate, which are calculated based on the applicable monthly minimum wage.
- 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.-
- 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.
Si requiere información adicional sobre esta materia, contactar a Alfred Sherman (asherman@jdf.cl) o Leyla Alul (lalul@jdf.cl)
