Isee 2017, average stock: what it is and how it is calculated

What is the average annual stock? What is it for? How is it calculated? These and other questions haunt anyone dealing with theIsee 2017, the indicator used to document the economic situation of families requesting subsidized social benefits. With this brief guide we try to answer in simple terms to the most common doubts.

1) WHAT IS THE AVERAGE ANNUAL STOCK?

By average annual deposit we mean the average amount we have had available in the bank, in the current account or in the deposit account, over the course of a year.

2) WHAT IS THE AVERAGE ANNUAL STOCK FOR?

The average annual stock is a fundamental data for compiling the Single substitute declaration (Dsu), i.e. the document to be presented to INPS to obtain your 2017 Isee. The section of the form in which to enter the average stock data is that relating to movable assets.

3) HOW IS THE AVERAGE YEAR STOCK CALCULATED?

Let's face it right away: normally the calculations relating to the average annual balance are a concern of the bank, which, upon request, certifies the data to the customer. Do-it-yourself is possible, but not recommended, because the operations are long and the risk of making a mistake is high. In summary, the annual average balance is determined by dividing the sum of the daily balances (i.e. the daily deposit or account balances) by 365, regardless of the number of days in which the deposit/account was open.

4) AN EXAMPLE OF CALCULATION?

To simplify, let's imagine that - over the course of a year - we had 1.000 euros in our current account for 100 days, 700 euros for 15 days and 2.000 euros for 250 days. In this case, the calculation is as follows:

· 100 days X a daily stock of 1.000 euros = 100.000

· 15 days X a daily stock of 700 euros = 10.500

· 250 days X a daily stock of 2000 euros = 500.000

· Sum of daily stocks: 100.000 + 10.500 + 500.000 = 610.500

· Division by the days of the year: 610.500 / 365 = 1.673. This is the value of the average annual deposit on our current account.

5) WHERE TO FIND THE VALUES?

When calculating the average annual deposit, it is useful to refer to the account statements, which show the so-called "creditor numbers" within a statement that can take on various denominations (the most common are "Riassunto scalar", "Calculation of fees" , “Interest calculation” and “Scale by currency”). To obtain the average deposit, just add the "total creditor numbers" shown in the account statements so as to cover the whole year and then divide by 365.