Single Check Rise with Gov’t Bonds Outside ISEE (April)
Exclusion of Government Bonds Impacts Single check Benefits
Table of Contents
- Exclusion of Government Bonds Impacts Single check Benefits
- Exclusion of Government Bonds and Its Impact on Single Check Benefits
- What is the ISEE and Why Does It matter?
- How are Government Bonds Considered in the ISEE Calculation?
- What is Changing Regarding Government Bonds and the ISEE?
- Why Was This Change Introduced?
- What is the Impact of Excluding Government Bonds on the Single Check?
- How Can This Change Benefit Families?
- What Are the Implementation Details and Potential Delays?
- Key Takeaways:
Starting April 1, 2025, the exclusion of government bonds from the ISEE (Equivalent Economic Situation Indicator) calculation will affect the Single Check benefit for families. The change, which disregards up to 50,000 euros in government bonds like BTPs, BOTs, CCTs, vouchers, and postal booklets, is expected to lower ISEE values and, consequently, increase the amount of benefits for dependent children.
State Bonds Excluded from ISEE Calculation
The Budget Law 2024 stipulated the exclusion of government bonds up to 50,000 euros from the ISEE calculation.The implementing decree (DPCM) arrived on January 14,2025.
though, the implementation of the new ISEE calculation faced delays due to technical issues raised in meetings between INPS (National Social Security Institute), the Ministry of Labor, the Revenue Agency, and CAF (Tax Assistance Centers) representatives. the new ISEE calculation is now expected to take effect in april.
Currently, families must declare their government bonds when submitting their ISEE. A higher ISEE can limit access to certain social security benefits and reduce the maximum amount of the Single Check received.
Impact on Single check Amount
As previously mentioned,excluding certain government bonds will lower the ISEE.
Simulations suggest that a family with two children, employee income, a house, 79,000 euros in assets, and 25,000 euros invested in government bonds could see their ISEE reduced by approximately 2,000 euros, or 8.6%.
A lower ISEE translates to a higher Single Check benefit.
For instance, if the ISEE decreases from 30,000 to 28,000 euros, the Single Check for a minor child increases from 136.60 euros to 147.10 euros, a rise of 7.14%. This equates to an additional 10.5 euros per month,or 126 euros annually. These figures are detailed in Annex 1
of INPS circular No. 33 of February 4, 2025.
Similarly, moving from an ISEE of 20,000 to 18,000 euros increases the Single Check for a minor child from 186.7 euros per month to 197 euros, a monthly increase of 5.23%.
Though, these increases remain theoretical until the new ISEE calculation method, excluding government bonds, is fully implemented.
Exclusion of Government Bonds and Its Impact on Single Check Benefits
What is the ISEE and Why Does It matter?
The ISEE, or Equivalent Economic Situation Indicator, is a tool used in Italy to assess a family’s financial situation. It’s used to determine eligibility for various social benefits, including the Single Check (Assegno Unico). A lower ISEE generally means a family is eligible for more benefits.
How are Government Bonds Considered in the ISEE Calculation?
Currently, families must declare their government bonds as part of their assets when submitting their ISEE. A higher value of owned assets could potentially increase the ISEE value. This could limit access to certain social security benefits and reduce the maximum amount of the Single Check received.
What is Changing Regarding Government Bonds and the ISEE?
Starting April 1, 2025, a crucial change will impact how government bonds are treated in the ISEE calculation. families will be able to exclude up to 50,000 euros in government bonds from their ISEE calculation. This change, introduced by the Budget Law 2024, aims to provide some relief for families holding these investments.
Government bonds include investments like:
BTPs (Buoni del Tesoro Poliennali)
BOTs (Buoni ordinari del Tesoro)
CCTs (Certificati di Credito del Tesoro)
Savings bonds and postal savings books
Why Was This Change Introduced?
The exclusion of government bonds aims to provide some relief for families holding these investments. The change is expected to lower ISEE values and, consequently, increase the amount of benefits for dependent children.
What is the Impact of Excluding Government Bonds on the Single Check?
Excluding government bonds from the ISEE calculation is expected to lower the overall ISEE value. A lower ISEE value can lead to a higher Single Check benefit.
For example:
Scenario 1: If the ISEE decreases from 30,000 to 28,000 euros, the single Check for a minor child increases from 136.60 euros to 147.10 euros per month. This is a rise of 7.14%, or an additional 10.5 euros per month (126 euros annually).
Scenario 2: Moving from an ISEE of 20,000 to 18,000 euros increases the Single Check for a minor child from 186.7 euros per month to 197 euros, a monthly increase of 5.23%.
Vital Note: These increases are theoretical until the new ISEE calculation method, excluding government bonds, is fully implemented.
How Can This Change Benefit Families?
Simulations suggest that a family with two children, employee income, a house, 79,000 euros in assets, and 25,000 euros invested in government bonds could see their ISEE reduced by approximately 2,000 euros, or 8.6%. A lower ISEE will translate to a higher Single Check benefit.
What Are the Implementation Details and Potential Delays?
The Budget Law 2024 stipulated the exclusion of government bonds.The implementing decree (DPCM) arrived on January 14,2025.
However, the new ISEE calculation’s implementation faced delays due to technical issues. The issues were raised in meetings between INPS (national Social Security Institute),the ministry of Labor,the revenue Agency,and CAF (Tax Assistance Centers) representatives. The new ISEE calculation is now expected to take effect in April.
Key Takeaways:
| Feature | Before April 1, 2025 | Starting April 1, 2025 |
| :————————– | :—————————————————- | :——————————————————————- |
| government Bonds in ISEE | Included in the calculation of assets | Up to 50,000 euros in government bonds excluded from the calculation |
| Impact on Single Check | Higher ISEE potentially reduces Single Check benefits | Expected: Lower ISEE, leading to potentially higher Single Check |
| Implementing Decree | N/A | January 14, 2025 |