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PIR: Invest to gain tax benefits

The 2017 Italian Budget Law instituted PIR (Italian Individual Savings Plans) that offer access to tax benefits by investing in qualified financial instruments.

Zero taxes after 5 years

Financial income generated by the investment is totally tax-free if the plan is kept up for at least five years. More specifically, the plan can be discontinued at any time without application of ordinary taxation - today 26% - after five years have elapsed. Italian individual savings plans are not subject to capital acquisitions tax either.

Invest in the driver of Italy's economy

To get the tax benefit offered by the Italian individual savings plans, it is necessary to invest a minimum amount in shares and bonds of small and medium Italian enterprises. Just one ISP per natural person can be subscribed, with a maximum investment of €30,000 a year and a total of €150,000. The PIR must be kept up for at least 5 years, and payments can also be made in instalments.

Amundi PIR Funds

With Fineco, you can subscribe this two funds:

  • Amundi Risparmio Italia: a fund that invests at least 21% in the Italian high potential SME segment and the remainder in corporate and government securities.
  • Amundi Sviluppo Italian: a fully stock fund invested in Italian stocks with a prevalence of low and medium market capitalization stocks.

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PIR: Individual savings plan pursuant to Italian Law 232 of 11 December 2016 that offers the possibility to benefit from exemption of withholding and substitute taxes on capital income and various financial income. Details
The characteristics that qualify an investment in the Italian Individual savings plans entail taking geographic concentration and liquidity risks with reference to the unlisted securities component. Today Fineco offers the possibility to gain access to the benefits of the PIRs only by subscribing to the units of the Amundi Risparmio Italia and Amundi Sviluppo Italia Funds.
Amundi Risparmio Italia: it is the open-end fund set up by Amundi SGR. S.p.A., belonging to the Credit Agricole Group (Amundi Asset Management is the only shareholder), that implements an investment policy consistent with the restrictions for PIRs. The Fund's assets are therefore mostly invested in bonds and equity instruments, both listed and unlisted in the regulated markets or multilateral trading facilities, issued by companies resident in Italy or in member states of the European Union or that have adhered to the European economic area agreement and have a stable organisation in Italy. At least 21% of the Fund's assets must be invested in financial instruments having the characteristics described above, but issued by companies not falling within high capitalisation indices (FTSE MIB or equivalent of other regulated markets). Amundi Sviluppo Italia: is the open-end fund set up by Amundi SGR. S.p.A, belonging to the Credit Agricole Group SGRpa, (Amundi Asset Management is the only shareholder), that implements an investment policy consistent with the restrictions for PIRs. The Fund's assets are therefore mostly invested in bonds and equity instruments, both listed and unlisted in the regulated markets or multilateral trading facilities, issued by companies with low and medium capitalisation resident in Italy. At least, 21% of the Fund's assets must be invested in financial instruments with the above-mentioned characteristics but issued by companies not included within the indices with high capitalisation (FTSE MIB or similar of other regulated markets).The Fund can invest in parts of open-end OICR, also connected, but contained. Before subscribing, please read the KIID that the proponent of the investment must provide prior to subscription and the Prospectus, available on the websites finecobank.com and www.amundi.it, and also from financial advisors authorised to promote and sell FinecoBank's products and services outside the Bank.

Versione italiana

Fineco desidera informare i propri Clienti residenti o aventi sede legale e/o operativa in uno dei comuni interessati dagli eventi calamitosi del 26 Dicembre 2018 che hanno colpito il territorio dei Comuni di Aci Bonaccorsi, Milo, Trecastagni, Aci Catena, Aci Sant’Antonio, Acireale, Santa Venerina, Viagrande e Zafferana Etnea, in provincia di Catania, della facoltà di richiedere la sospensione del pagamento delle rate dei mutui ipotecari relativi a edifici distrutti o inagibili anche parzialmente, ovvero alla gestione di attività di natura commerciale ed economica svolta negli stessi edifici.
L’iniziativa prevede che il Cliente che si trovi in condizione di difficoltà per i danni subiti dall’immobile, ferma restando la regolarità del piano dei pagamenti, possa richiedere la sospensione del pagamento delle rate dei mutui (quote capitale e quote interesse) fino alla ricostruzione, all’agibilità o all’abitabilità del predetto immobile e comunque non oltre la data di cessazione dello stato di emergenza.
La domanda di sospensione dovrà essere presentata entro il 15 Febbraio 2019 e dovrà essere assistita da un’autocertificazione che attesti il danno subito dall’immobile per cui si richiede l’attivazione della sospensiva, resa ai sensi del D.P.R. 28.12.2000, n. 445.

La sospensione non costituisce in alcun modo novazione del contratto di mutuo e resta ferma ogni altra modalità, patto, condizione e garanzia di cui al contratto di mutuo, con particolare riferimento alla garanzia ipotecaria. Resta inteso che, nel periodo di sospensione, non si procederà con alcuna segnalazione alle Banche Dati relativa alle rate sospese.
Le rate sospese inizieranno a decorrere al termine del periodo di ammortamento originariamente previsto dal finanziamento, mantenendo la loro attuale periodicità. Il piano di ammortamento si allungherà dunque di un periodo pari a quello per cui si è interrotto.
L’esercizio sarà gratuito e non oneroso, ovvero non saranno addebitati interessi maturati durante il periodo di sospensione. Inoltre potrà essere revocata dal mutuatario in qualsiasi momento.
Per maggiori informazioni nonché per richiedere la sospensione delle rate, è possibile contattare il Customer Care.