Ok to social security from the cradle with state and family payments

Undecided on a gift for a baptism or for a future communion that is really useful? It will soon be possible to evaluate a contribution to the "New Born Value Fund" envisaged by the 2027 budget as support for the creation of individual savings positions from an early age.

The budget bill, in the form approved by the Government and about to face parliamentary examination, provides for new born babies from 2027 a state contribution of 100 euros per year from birth to 18 years of age for the creation of a sum - non-taxable and non-attachable, Prime Minister Meloni specified - which will be redeemable only after the age of 18 unless extraordinary emergencies occur. INPS should be responsible for collecting payments and managing activities, but financial management would be the responsibility of Cassa Depositi e Prestiti and will take place according to prudential criteria. It is also foreseen that the state contribution can be accompanied by voluntary contributions from relatives up to the third degree and from relatives up to the second degree, with a 19% deduction for amounts up to one thousand euros per year.

And precisely the latter is one of the points destined to make the difference on the final result, given that, on the basis of the information available and the aforementioned prudential criteria that will be used for management, it is possible to simulate annual net returns of between 1% and 3%, assuming a predominantly bond investment.

In this case, by investing 100 euros at the beginning of each year for 18 years with a prudent strategy and assuming constant returns, the final amount after 18 years of only state contributions could be between 1,981 (at 1%) and 2,412 euros (with returns at 3%).

A result that does not differ much from the 1,800 euros paid in total by the State. But if parents, grandparents or other relatives added, for example, 400 euros per year, the final amount, assuming a 3% yield, would rise to 12,058 euros, against the total 9,000 paid.