Pir or not Pir, this is the question

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It's been talking about it a lot in the last few months, presented as a universal care for Italian companies and an excellent alternative for investors, but what is it really about and how does this tool work?


What's this

These are investment packages whose content is 70% dedicated to Italian SMEs, of which at least 30% are to companies not included in the Fitse Mib index, and with a concentration index per single issuer of 10% maximum per portfolio , both in the form of shares and bonds, dedicated to the individual saver. Saver who must be a single natural person - it is not possible to co-manage a PIR: in this way, the classic family saving becomes a tool to support the economy of Italian companies.


How do I join a PIR?

You must adhere to one of the following containers:

- common investment fund

- securities deposits

- wealth management

- insurance policy


This is achieved through Credit Institutions or better financial intermediaries, which have created specific PIR packages in which it is possible to invest.


How does it work for the investor?

The easiest thing is to contact your credit institute and ask to place a PIR in your securities deposit. The credit institution can use its own package or request one from a financial intermediary.

Advantages for the saver
Unlike other forms of investment - with the exception of that in innovative start-ups - the State has attributed a tax advantage to what is invested in RIPs. In particular the total exemption of returns and profits as well as tax exemption in case of inheritance.
Minimals / Investment ceilings
Each individual can invest in a single RIP over the course of his life, from a minimum of 500 euros to a maximum of 30,000 euros per year, for a duration of 5 years and a total of 150,000 euros over the period. It is possible, of course, to divest before 5 years, but the tax benefits will be lost. Likewise, it is possible to invest figures above the ceiling, as is already happening by some investors, but the benefits remain exclusively on the indicated ceiling.
In 2017, 10 billion were collected in Italy, well beyond the prudential estimates of 2 billion. There is talk of a similar figure for 2018 and a total of 70 billion over five years. The premises are not lacking, therefore, because the Pir are a trend that lasts over time and helps SMEs to arrive in Piazza Affari
In short, despite all the advantages and weaknesses of all types of investments, PIRs, which have been used successfully both in France and in Great Britain, are an excellent tool for savers, but also for companies, which renouncing a portion of the shares can receive great benefits in terms of liquidity. To try.

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