For more than a century i Postal fruits vouchersissued by Cassa Depositi e Prestiti and placed on the market by Poste Italiane, are among the favorite savings and investment tools by the Italians. In fact, they accompanied entire generations. The grandparents, for example, bought them to guarantee a future for their grandchildren, while the parents used them to pay their studies to their children.
Today, with the inflation that does not mention to retreat and the wages still, they have returned to being a safe harbor for many. The reason is that it is a safe product, because guaranteed by the state and then because compared to shares and funds do not follow the course of the stock exchange. Among the latest titles located, there is the Good indexed to Italian inflation. Here’s how it works, what performance offers and what are its main characteristics.
What is a BFP indexed to inflation?
The Postal fruits indexed to inflation It is a safe type of investment offered by Poste Italiane and designed to protect money from the increase in prices or from inflation. This type of title lasts 10 years and is not received in paper form. In fact, there is only the dematerialized version.
However, it is also necessary to have an account account account that can be the saving booklet or the Bancoposta account. The voucher must then have the same header of the account on which it is registered. The strength of the digital version of the title is that there is no risk that it goes in prescription as at the expiry, the money will end up directly on the connected account. As long as the vouchers are active, therefore, it will not be possible to close the account.
Operation
If you decide to sign a good indexed to inflation:
- a gross fixed interest is received every year;
- In addition to the interest, it is also possible to obtain a capital increase based on what the prices in Italy and therefore for inflation grow.
It means that if prices also increase the value of the investment can rise.
To purchase these securities you can go directly to the posted Italian counters or the purchase can be made online.
Postal fruits indexed to inflation as well as all the other BFPs then have the following characteristics:
- they can only be purchased by natural persons and not by companies;
- They can also be registered to more people but maximum to four;
- They cannot be registered to adults and minors and not only to minors.
Furthermore, these vouchers can also be purchased from 50 euros (and then multiple of this figure) in online mode if you have a smart booklet or a BancoPosta account and the online services have activated. Alternatively, they can be purchased at the post office by bringing the identity card or a document that certifies the identity and the tax code.
If you don’t want to waste time you can also Book the appointment on the official website of the post office or through the Poste Italiane app. In the latter case it will have to be inserted in the bar “research” Map the name of the city, the postcode or the favorite address. Once this is done, a map of the indicated place will open and in yellow the PT inscription or of the post office present in that area in which the online service can be booked. By clicking on the address and timetable and the item will also appear “Book”. In order to carry out the latter operation, it will be necessary to log into the site by inserting your credentials.
Interests
Any post -indexed postal fruits to inflation lasts 10 years from the date on which it is purchased. The limit for purchase is 50 euros while on the same day you can buy up to 1 million euros, even in different offices.
As for the gross annual interest rate, from the conditions in force since 7 March 2024, it is clear that:
- After 1 year of possession it will be 0.00%;
- after 2 years of 0.25%;
- after 3 years of 0.28%;
- after 4 years of 0.30%;
- after 5 years of 0.33%;
- after 6 years of 0.36%;
- after 7 years of 0.41%;
- after 8 years of 0.47%;
- after 9 years of 0.53%;
- After 10 years of 0.60%.
Poste announces that This rate is not re -evaluated however, on the basis of the evolution of Italian inflation gross of tax charges.
In addition, the interests, as Poste Italiane explains, are calculated “On a bimonthly under simple capitalization regime and capitalized annually in compound regime“. They are then possibly revalued and paid at the time of the refund.
Starting from the eighteen months from the subscription, the invested capital and the accrued interests are re -evaluated on the basis of Italian inflation. The latter is measured through the FOI index, which is that of consumer prices for workers and employees excluded tobacco, calculated every month by Istat.
As for the calculation of the value of the BFP, every two months, a new gross reimbursement value is calculated with this formula:
gross reimbursement value = initial capital subscribed for indexing coefficient relating to the bimestre x gross fixed coefficient relating to the bimestre.
In the event that, however, the reimbursement before the eighteen months from the date of subscription is asked, the interests will not be disbursed.
Costs, taxes and stamp duty
To sign the post -indexed postal fruits to inflation as well as all the other available titles you don’t pay anything. The interests that ripen, then, are taxed with a tax of 12.50% as established by Legislative Decree number 239 of 1996.
Who is not a resident in Italyhowever, in the presence of some conditions, it is not required to pay this tax.
In addition, postal vouchers are exempt from the succession tax for which taxes are not paid if they are inherited. In addition, together with the government bonds, they are out of the ISEE.
Finally, BFP are subject to stamp duty. The latter should not be paid if the reimbursement value is the same as or less than or less than 5,000 euros.
Here is an example:
Suppose we have purchased a fruits indexed to the inflation of 5,000 euros on 1 May 2025. From the Poste Italiane calculator it is clear that the net reimbursement value at the deadline will be 5,269.46 euros. This figure is net of the withholding tax on the interests and gross of the stamp duty. The prescription date will then be on April 4, 2045.
With regard to this example, Poste Italiane announces that the value indicated on the bfp indexed to inflation is purely indicative as at the time of the calculation, the reference parameter or Foi index may not be known.
