Guide to the Allied Social Security Fund: Opinions, Requirements Required and Rederovs

Looking for information about the Pension Fund Alleata Previdenza?

This is the guide that is really right for you. Don’t worry, I’m not going to fill you with a huge amount of boring information. In fact, I have selected for you what you need to know to decide in full autonomy and serenity if this pit is the fund really suitable for you.

And now let’s find out together what the Alleata pension fund consists of.

What is it and how does Alleata Previdenza work

Allied for Social Security, as well as others Individual pension funds, operates under a defined contribution scheme, i.e. the pension is determined on the basis of the contributions paid and the related returns.

One of the advantages of this proposal is to offer great flexibility in terms of performance and coverage, in order to allow everyone to customize their pension.

In addition, Alleata pension provision is one of the products that benefit from the supplementary pension tax designed by the State to facilitate supplementary pensions. In particular, the contributions paid by the holder are deductible from the total income for an annual amount not exceeding € 5,164.57.

Requirements to join

Everyone, from self-employed to freelancer or employee, can join the Alleata pension fund pension fund, and membership is always of an individual type. You can also join if they are not registered for a compulsory pension form or if you are taxed by other subjects.

How to join the Alleata Previdenza fund

You can join the Fund by filling in the Membership form available in any agency of Alleanza Assicurazioni or downloadable from the site.

The contract is considered concluded when the company releases confirmation of accession at the same time as receipt of the first contribution paid.

You can exercise the right of withdrawal or reconsideration within 30 days from the moment you become aware that the contract has been concluded, by sending a registered letter with return receipt to Alleanza Assicurazioni S.p.A., Piazza Tre Torri, 1 – 20145 Milan, indicating “Withdrawal” on the envelope.

How to pay contributions on Alleata Social Security

Welfare Alliance provides maximum freedom of payment both as an amount and as a frequency (monthly, quarterly, semi-annual, annual) with the possibility of increasing the amounts during the accumulation plan and making additional payments in order to obtain the maximum tax benefit each year.

In addition, contributions can be of three types:

1. Pour of the single adherent;
2. TFR maturing;
3. any contributions from the employer.

The last two are of course only valid in the case of employees.

What contributions are invested in

The contributions paid to Alleata Previdenza (contribution of the individual adherent, TFR accruing and possible contribution from the employer) are invested at the choice of the adherent in one of the three investment lines with different risk and return profile:

• Guaranteed Allied Separate Management: it meets the needs of those who wish to preserve their assets as it guarantees a minimum return of 0% per year in case of provision of the benefit for retirement, death, permanent disability, employment of more than 48 months.
• Unit linked Inner Bound Unit Balanced: responds to the needs of those who prioritize the continuity of results in the medium to long term, accepting moderate risk exposure.
• Internal Fund type unit linked Actionary: Responds to the needs of those seeking higher returns in the long run, accepting greater exposure to risk.

The adherent can freely choose the type of investment, with the possibility of passing once a year from one line to another, at no additional cost. You can also choose to allocate the payments and the accumulated capital between multiple lines.

Finally, the Alleged Publice Fund also provides for the possibility of activating the Plan for Scheduled Plan (Life Cycle) option that allows you to manage the contributions paid in line with the objectives of the adherent.

In the early years the plan provides for equity investments, and then arrive, in recent years and then close to the time of retirement to a management with guaranteed minimum returns.

What pension benefits can be obtained with Alleata Social Security

At the time of retirement, the capital set aside in Alleata Previdenza can be converted into a revaluable, even reversible, life annuity, or it is possible to receive the pension benefit in the form of a capital of up to a maximum of 50%.

In the event of the untimely death of the insured, the position shall be settled in the form of capital to those entitled.

It is also possible, for members in possession of certain requirements, to request the provision of the individual position accrued in the form of an early temporary supplementary Income (RITA).

How and when you can redeem your position

The The Pension Fund Alleata Previdenza It allows you to get advances and redeems before the provision of pension benefits. Specifically, you can requesting an anticipation of capital in these three cases:

• At any time, for an amount not exceeding 75% of the individual position accrued, for health expenses for very serious situations for themselves and for children;
• Eight years of registration, for an amount not exceeding 75%, for the purchase / renovation of the first house of housing for themselves and for children;
• Decorsi eight years of registration, for an amount not exceeding 30%, for any reason.

And what about the redeems? You can request them:

• In the event of termination of work for a period of time of not less than 12 months and not exceeding 48 months (50% of the position accrued);
• In the event of termination of work involving employment for a period of time exceeding 48 months (100% of the position accrued);
• In the case of permanent disability (100% of the accrued position);
• In case of loss of requirements i.e. for loss of worker status (100% of the accrued position).

As regards the tax regime on rets and advances, it is good to know that they are generally subject to taxation with a tax withholding tax that is applied on the relevant tax amount to the extent of 23%.

However, there are some exceptions in which the withholding tax is envisaged to apply by 15% on the taxable amount accrued to, possibly reduced by a share of 0.3 percentage points per year exceeding the fifteenth year of participation with a maximum reduction limit of 6 percentage points. These exceptions are:

• in the case of advances required by the adherent for extraordinary health expenses for himself, the spouse and the children;
• partial redundancy determined by the cessation of work involving the occupation for a period of time between 1 and 4 years or from the employer’s use of mobility or redundancy funds;
• total discharge in cases of permanent disability which reduces to less than one third the ability to work or cessation of work involving the in-employment for over 4 years;
• redemption of the position operated by the heirs, or by the various designated beneficiaries, because of the death of the adherent.

How and when you can transfer your position

You can transfer your position to another form of supplementary pension after at least two years of accession.

Before this period, the transfer is only possible in the event of overall worsening economic conditions, or changes that substantially affect the characteristics of the insurance contract.

Finally, it is good to know that transfers of pension positions are exempt from any tax burden provided they are made in favour of other supplementary forms of pensions.

How to control pip management

By March 31 of each year you will receive a communication from Alleanza Assicurazione containing an update on your personal position.

You will also be informed by the company of any changes to the Fund that is potentially able to significantly affect your participation choices.

Any complaints regarding alleged irregularities, criticalities or anomalies may be forwarded, in writing, to Alleanza Assicurazioni S.p.A. – Customer Protection – Piazza Tre Torri, 1 – 20145 Milan, or by fax at 02.65.49.92 or by e-mail to the address tutelaclienti.it.

The opinion of  jadnews

Now we come to the Alleata Previdenza opinions. In our opinion, like other pension funds or Pip, that of Alleanza Assicurazioni is certainly a good supplementary pension product.

The costs of membership are in fact entirely amortized by the tax advantages and the great flexibility of membership is undoubtedly a great advantage.

Then there is the guarantee of an insurance group, Generali Assicurazioni, which boasts a truly incomparable solidity and strength.

Do you want to know everything, but all about supplementary pension? Click here and read the complete guide now!