Introduction to the new Isee rules
From 2025, a significant change to the calculation of the Equivalent Economic Situation Indicator (ISEE) will take place in Italy. This innovation, introduced by the 2024 budget law, provides that the possession of government bonds and other guaranteed financial instruments, up to a total value of 50 thousand euros, will no longer be considered in the calculation of the ISEE. This measure aims to support Italian families, expanding access to social benefits and economic benefits
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Details on the regulatory change
Paragraph 183 of Article 1 of the 2024 Budget Law clearly states that government bonds, such as Ordinary Treasury Bonds (BoT), Certificates of Deposit (CTz), Multiyear Treasury Bonds (BtP) and postal savings books, will be excluded from the calculation of the ISEE. This exclusion applies only to savings collection products intended for the retail public, excluding those reserved for institutional investors. This means that families with savings in these financial instruments will be able to benefit from a more favorable ISEE, increasing their chances of accessing public services and
social benefits.
Impact on Italian families
This change will have a direct and positive impact on many Italian families. For example, a family with an annual income of 20,000 euros and real estate assets of 100,000 euros, which owns 50,000 euros in government bonds, will see their ISEE drastically reduced from 125,000 euros to 75,000 euros. This change not only facilitates access to bonuses and concessions, but also encourages savers to invest in government bonds, helping to strengthen confidence in Italian public debt
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Risks and considerations
Despite the benefits, it’s important to also consider the downsides of this change. The increase in access to social benefits could lead to an increase in public spending, as more families could request economic aid. In addition, investing in government bonds involves risks, such as credit risk, which implies the possibility that the Treasury will not be able to pay the coupons or to repay the capital. Therefore, it is crucial that savers carefully evaluate their investment choices
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Conclusion
In summary, the new rules on the ISEE represent a significant step towards supporting Italian families, excluding government bonds from the calculation of the economic indicator. This measure not only improves the economic situation of many families, but also promotes confidence in the Italian financial system. However, it is essential to remain informed about the risks associated with investments in government bonds and to carefully consider your financial options
.