Not only Ape. From this year, those aspiring to early retirement can also make use of the Rita, an acronym for "anticipated temporary supplementary annuity". Introduced by the 2017 Budget Law, this new instrument allows you to retire at the age of 63, i.e. with a maximum advance of 3 years and 7 months compared to the current age requirement for the old-age pension. Let's see how it works.
WHAT IS RITA?
Basically, with the Rita taxpayers can get an advance on the supplementary pension. In fact, it is possible to ask the pension fund with which you are registered to collect all or part of the accumulated contribution amount with monthly disbursements. However, the employment relationship must be terminated and the annuity used as a "bridging allowance" until the actual retirement.
WHAT ARE THE REQUIREMENTS TO ACCESS RITA?
The Rita is due to all workers registered with INPS (employees, self-employed and semi-subordinated) who have signed up for a supplementary pension plan, provided they meet the same requirements as for the Ape:
– at least 63 years of age;
– at least 20 years of contributions paid;
– accrual of the right to an old-age pension within 3 years and 7 months;
– the amount of the future pension must be equal to at least 1,4 times the minimum INPS treatment (about 703 euros per month), net of any repayment installments of the bank loan linked to the Ape;
– you must not already have a direct pension;
– even if the Ape is not required, but only the Rita, the "Ape certification" must be obtained from INPS, which confirms possession of the necessary requisites to access the pension advance through a bank loan.
WHEN WILL IT BE POSSIBLE TO OBTAIN THE RITA?
Like the Ape, the Rita will be operational on an experimental basis from 2017 May 31 to 2018 December XNUMX.
CAN ALL PENSION FUNDS PROVIDE THE RITA?
No. Defined benefit pension funds are excluded, i.e. those that undertake to pay a predetermined pension benefit, regardless of the results of the management of the resources collected.
ARE THERE TAX ADVANTAGES?
Yes. A facilitated taxation is applied to the taxable part of the Rita, ie a tax with a rate of 15%, reduced by 0,3% for each year of participation in the supplementary pension exceeding the 15th. In any case, the reduction cannot exceed 6% (therefore the minimum rate is 9%). For the purposes of applying the reduced rate, up to a maximum of 15 years of enrollment in the supplementary pension scheme prior to 2007 January XNUMX are also counted.
CAN I ASK FOR THE RITA TOGETHER WITH THE APE?
Yes. Indeed, in many cases it is convenient, at least if you want to access the voluntary Ape. The latter requires you to take out an insured bank loan which will be repaid (with lots of interest) in the first 20 years of effective retirement with a reduction in the social security allowance. It is clear that, by collecting the Rita at the same time, the taxpayer will be able to reduce the size of the bank loan to be requested with the Ape, thus limiting the impact of the repayments on the future pension.
