Current account, if you exceed this figure, the alarm is triggered: they will deduct everything

The skyrocketing prices, from raw materials to energy and gas, and inflation that continues to rise were not enough. There comes another sting that affects the bank account.

Finance control –

Over the last year, the costs related to the bank account have increased, many services previously included in the subscription today are paid separately and now comes another bad news.

Here you are what happens if you exceed a certain amount to your bank account.

Bank account: what happens if you exceed 5,000 euros in stock

The news is official: if your bank account exceeds 5,000 euros, the state will get an extra sting.

It comes at the worst moment, in a scenario of crisis and inflation that continues to rise, just as Italians are trying to save in every way between ever lower and uncertain wages and an unsustainable cost of living.

Bank account
current account stamp duty –

To save on the bank account, many opt for the online account: it costs less than the classic one even if, on the other hand, it does not offer the same services and there is no direct contact with a consultant who often comes in handy.

Now everything changes, there is no way out: whether you want to keep the traditional bank account or choose the online one, the rule remains the same. If your account exceeds 5 thousand euros in stock, however, you will have to pay a certain fee. We will have to pay stamp duty and this applies to any type of current account. Nobody can escape this state law. The stamp duty translates into approx 40 euros annual for private individuals e 100 euros for business.

How to avoid paying stamp duty

There is a lawful system to avoid paying stamp duty and it is the most logical one: you must necessarily lower the balance of the account bringing it to a figure of less than 5 thousand euros.

By stock we mean liquid money: the law, on the other hand, does not consider the money you invest and immobilize. Consequently, the only loophole is invest your money in order to always keep the stock below 5,000 euros. Here’s how you can avoid paying stamp duty.

Bank account
current account stamp duty –

Currently, banks offer numerous forms of investment which, theoretically, also allow you to protect yourself from inflation. Of course, one must rely on honest consultants before signing an investment to understand whether it is safe and valid transactions or not.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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