“Introduced in 2020, the alternative PIRs have been designed to direct private savings towards small and medium-sized unlisted companies particularly exposed to the consequences of the Covid-19 pandemic.
They can be held by the same saver in addition to a traditional PIR; they are financial products with higher investment thresholds and different investment constraints than traditional ones, with which they have in common the tax exemption on financial returns (always provided that the investment is maintained for at least five years).“
This one reads, among other informative contents, on the new one Guide on Individual Savings Plans set up by ABI in collaboration with banks and consumer associations that adhere to the National Council of Consumers and Users (CNCU).
It is about an infographic created with the aim of encouraging citizens to understand this important form of medium-long term investment, especially designed to support small and medium-sized enterprises.
Meanwhile, just for the "young" (because they were born only last year) and "rich" (because they are intended for those who can invest large sums*) PIR alternatives, with the new budget law comes a tax credit up to 20% of the amounts invested in the current year, in the case of capital losses realized at the time of divestment (not before 5 years) which will be compensated in 10 annual fees.
For savers the usual recommendation: not to be enticed by tax breaks alone and to include the financial instrument in a correct diversification of one's savings.
Alex Gaetani
*In alternative RIPs it is possible to invest up to 300.000 euro each year until the ceiling of 1,5 million euro.
Read the other articles I wrote about PIRs:
2020 It is the year of the RIP 3.0
2019 New RIP, never see the light?
2017 I Piani Individuali di Risparmio