Among payments, wire transfers and crediting of salary or pension, the current account stands out among the banking products that are essential for the management of household finances. In many cases as well to keep savings safe.
In some cases, moreover, there are those who also have more than one current account with different banks, also due to needs related to investments. Since it is not recommended to have only one current account in all these cases.
In addition, regardless of how many current accounts you have, you must always pay close attention not only to costs, but also to taxes.
As there are those due to the Italian State, and from which therefore there is no escape. But on the liquidity in your current account there are also taxes that are literally invisible and devious, with which, unfortunately, you always have to deal. So let’s try to clarify this.
What are the 2022 taxes on the bank account, from those invisible to those that are triggered inexorably if there is too much liquidity in stock
In detail, the tax on the current account which cannot be escaped if there is too much liquidity in stock is that represented by the stamp duty. Currently it is equal to 34.20 euros per year, and is paid when, on a current account in the name of a natural person, the average annual balance exceeds 5,000 euros. Therefore, to avoid paying the stamp duty, you should always keep little liquidity in stock on your current account.
Furthermore, among the 2022 taxes on the current account there is also the one that is invisible, and that is not withdrawn by the Italian state. As it is a kind of tax which is intrinsic and which is simply linked to the devaluation of money over time. So let’s see how and what it is.
Inflation is that invisible enemy that causes you to lose purchasing power for the money in your bank or post office account
The liquidity held in the current account is nothing more than savings that devalue over time, albeit slowly, due to inflation. The high cost of living, in fact, inexorably erodes financial wealth, if it is fruitless. That is, if it does not reevaluate at least as much as inflation.
This may impose, in line with one’s own risk profile, the allocation of capital in financial products and instruments that, even at low risk, can protect the capital from the erosion of purchasing power caused by the increase in prices. .
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