pensions,-the-sale-of-the-fifth-changes:-the-new-interest-rates-2022-–-rb

Pensions, the sale of the fifth changes: the new interest rates 2022 – RB

Pensions, the assignment of the fifth changes: the new interest rates 2022 – RB

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Pensions, change the assignment of the fifth: the new interest rates 2022 – RB

Pensions, the assignment of the fifth changes: the new interest rates 2022 – RB We have explained the details of the news, step by step, below. Pensions, the sale of the fifth changes: the new interest rates 2022 – RB Keep reading our news. Here are all the details on the subject.

Pensions, the assignment of the fifth changes: the new interest rates 2022 – RB

With the decree n. 100756 of the 28 December 2021 the Ministry of Economy and Finance – Department of the Treasury – indicated the average global effective rates (TEGM) applied by banks and financial intermediaries, as recorded by the Bank of Italy and in force for the period from 1 January 2022 to the 31 March 2022 . The new interest rates, as communicated by INPS in circular letter no. 95 of the 10 January 2022, will also concern the loans to be repaid upon assignment of the fifth of the salary and pension .

Transfer of the fifth pension: the new interest rates 2022

In 2022, relating to the period mentioned above (i.e. from 1 January to 31 March), anyone interested in applying for a loan or a loan through the transfer of the pension fee will have to take into account the new interest rates confirmed by the INPS and the Mef .

Specifically, the values ​​that will be applied will be the following:

rates average equal to 10, 97% and wear rates equal to 17, 7125% for amounts up to 15 thousand $ ; average rates equal to 7, 08% and wear rates equal to 12, 8500% for amounts higher than 15 thousand $ .

Pensions, how do the new salary-backed loan rates change by classes of age and loan amount

The new interest rates for the salary-backed loan will consequently also have an effect on the APR threshold rates, to be used for loans that can be extinguished by banks and financial intermediaries under the ai pensioners .

Specifically, these are values ​​that take into account the age groups and the amount requested on loan, and which in 2022 will vary , for amounts not exceeding 15 thousand $ :

as far as 59 8 years, 21%; from 60 to 64 years of the 9th, 01%; from 65 to 69 years of 9, 81%; from 70 a 74 years of 10, 51%; from to 79 years of the 11, 31%; from 79 years to rise by 17, 7125%. For amounts higher than 15 thousand $ , however, will vary:

as far as 59 6 years, 11%; from to 64 6 years, 91%; from to 69 7 years, 71%; from to 74 years of 8, 41%; from to 79 9 years, 21%; from 79 years up by 12, 8500%. The age groups include the birthday of the minimum age of the class, while the age must be understood as that accrued at the end of the amortization plan. Furthermore, the age group “Greater than 79 years” the threshold rates coincide with the threshold rates usury referred to in the aforementioned decree.

Pensions, how the assignment of the fifth works

The assignment of the fifth of the pension is a loan that the pensioner can obtain from a bank or from a financial intermediary, repayable through an automatic monthly debit that INPS makes on your pension. The charge cannot exceed one fifth of the monthly amount of the pension.

Can be requested by holders of all pensions, with exception of:

social checks and pensions; civil disabilities; monthly allowances for assistance to pensioners for disability; support allowances for income (VOCRED, VOCOOP, VOESO, CRED 27, COOP 28 ); allowances to the family unit; pensions with joint ownership for the portion not attributable to the person requesting the transfer; redundancy benefits pursuant to art. 4, paragraphs 1-7 ter, law 21 June 2012, n. 92; Social APE. To obtain a loan with assignment of the fifth of the pension , the pensioner must first personally request, at any INPS office , the communication of transferability of the pension, a document indicating the maximum amount of the loan installment. This document must therefore be delivered to the bank or financial company with which the loan agreement will be stipulated. In the event that the pensioner turns to a company affiliated with the INPS, the transferability communication will be processed directly by the company through an electronic connection with the Institute and the interest rates applied to the loan agreement will be those established by the agreement.

The duration of the loan agreement cannot exceed ten years and insurance coverage is mandatory for the risk of premature death of the holder of the service. Once all the activities relating to the stipulation of the contract with the financial institution have been completed and upon notification, the INPS will pay the established amount, deducting it directly from the pension .

Since the pensioner can give up to one fifth of his pension, the installment depends on the amount of the pension itself . The transferable amount is calculated net of tax and social security deductions, safeguarding the minimum treatment established annually by the law for Compulsory General Insurance (AGO). For this reason, the minimum integrated pension benefits cannot be sold. In the case of holders of several transferable pensions of the same pension management, the calculation is made on the accumulation of pensions received.

Obviously, before setting the amortization plan on the pension, based on the duration and amount of the installment agreed by the contract, INPS checks that all the conditions are met to ensure all necessary protections.