What happens if you decide to withdraw postal interest-bearing bonuses before their natural expiry? The consequences

Postal savings bonds are certainly among the safest, most stable and profitable forms of investment. This is the most suitable solution for those who are looking for a form of long-term savings, certain of the almost total absence of risks that could jeopardize the invested capital.

Postal savings bonds, the advantages of this form of investment (Sjbeez)

Postal savings bonds are offered by Poste Italiane and one of their advantages is, among other things, an important tax break. That’s not all because these forms of investments are rather flexible, that is, it is possible to collect them in advance, i.e. before their natural expiry. But what happens from a taxation point of view in case of early repayment? Let’s clarify.

BFPs are characterized by a constant return while offering the security of not risking losing the capital that has been laboriously set aside. Moreover, although they are offered by the Post Office, they are issued by the State and it is for this reason that the assets are not exposed to high risks; on the other hand, it will not be possible to hope for extremely high but still decent returns.

Investing in postal savings bonds: what happens if they are withdrawn before maturity

As regards taxation, however, a substitute tax of 12.5% ​​is required to be paid on the interest that is periodically accrued. This is an element to be taken into strong consideration since it makes this form of investment extremely advantageous compared to other types of financial instruments characterized by a higher rate.

Postal savings bonds, what happens if they are withdrawn before they expire (Sjbeez)

If an early refund is requested, what happens to this tax? The answer is simple: savings bonds will still be subject to 12.5% ​​taxation and there will also be the addition of a stamp duty (a taxation proportional to the value invested). However, in the case of collection upon maturity, on the one hand the taxation of 12.5% ​​will be applied on the interest accrued, but benefiting from the gross annual return accrued over the years.

Returning to stamp duty, it is applied only if the average annual balance is greater than 5000 euros and is equal to 0.2% of the invested value. It is therefore necessary to take this into account when calculating the net return on an investment. So in summary it is precisely the combination of investment safety and favorable taxation that represents the main advantage of this instrument.