With a total balance of 1,500 billion, the current accounts of Italians become easily “attackable”. Here’s how to defend the money.
It is not yet a structured measure but the possibility of an asset has not even been excluded a priori. After all, growth forecasts (even in the long term) always run into some slowdowns. It will not be easy to get out of the period of the crisis, sudden, unexpected and with very heavy implications. A recession that hit the heart, in some ways even more clearly than in 2008, making Italy’s future full of unknowns rather than good wishes. That is why, in this framework, nothing can be excluded. Not even loose mines for our money.
Assets, forced withdrawals … the tools potentially capable of endangering our savings are there, even if in some ways some of these are already applied. Just think to the commissions applied to current accounts over 5 thousand euros. In technical jargon we talk about stamp duty and, as with the Imu on the second home, these are rather simple taxes to apply. Perhaps the current account more than the property.
Asset spectrum: what to do to secure your money
The reason for exposing the current account to the focus of taxation is simple. During the hardest period of the pandemic and even now, the saving trend of Italians has been sensitive, so much so that it has caused an average balance of 1,500 billion putting aside even the most basic forms of investment. At the moment, the only real danger is that of stamp duty (or of the closure for accounts exceeding 100 thousand euros) but it is not out of place to imagine some other measure. This is why reducing the weight of the money in the account can be a good solution, perhaps using other deposit tools (such as postal vouchers, which can also generate interest).
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The best solution to protect money, therefore, is not to keep it still so as not to relive nightmares like that of 1992, when the last real estate was arranged. Government bonds also represent an excellent alternative, perhaps a government bond with a small residual maturity, just long enough to shelter the money. Eg, a multi-year Treasury bill, expiring in mid-2021, but also in 2022, such as the August BTP. Not to mention the forms of investment over multiple maturities, such as a third on a security repaid in 2022, or the BTP with repayment in May 2023. A chat with a consultant from your credit institution can help.
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