The sparks continue on the Pir. After the birth of the Pir Alternativi another important novelty arrives, this time concerning the traditional savings plans.
The discipline could change again. No radical changes like the one established with the 2019 Maneuver, the adjustment will only concern the annual investment threshold.
An amendment by the rapporteurs of the Relaunch Decree Fabio Melilli (Pd), Carmelo Misiti (M5S) and Luigi Marattin (Italia Viva) cancels the annual threshold of 30 euros for PIRs, leaving the €150 one unchanged for the five-year period. Translated, maintaining the same tax advantages (no taxation on capital gains, we remind you) and the same products (listed and unlisted SMEs) savers will be able to decide to invest higher sums provided that in the five years the total amount does not exceed 150 thousand euros .
The purpose of the change is to strengthen an instrument that aims to link private savings to the real economy, by providing the latter with vital resources in the period of very strong economic difficulty that households and businesses are experiencing due to the explosion of coronavirus pandemic.
"The objective is to channel Italian private savings towards less liquid investments through incentives and therefore expand the sources of risk capital or in any case of access to credit for SMEs in a moment of liquidity crisis such as the current one", reads the report
It should be emphasized that precisely with the Relaunch decree, on the proposal of Assogestioni, the Government has launched the Alternative PIRs, products dedicated to a higher segment clientele, with higher investment thresholds (1,5 million in 5 years) and different investment constraints, but the same incentive as the tax exemption on financial returns provided that the saver commits to maintain investments for at least five years.
