Capital & portfolio switching

The first choice for the allocation of the contribution (with a minimum of 10% on a single line of investment) is made on the enrollment form to Previndai.
In the case of automatic enrollement (adesione tacita) payments of the TFR will be allocated directly in the Insurance plan Assicurativo 2024.
It is possible to change this allocation at any moment, even before a year has passed.

Members can:
1. Modify over time the allocation of the investment with the dedicated function (067) in their members’ areas. The current contribution may be allocated on more than one line of investment, with a minimum of 10% on a single line.

2. Move, all or part of the accrued capital, from one line of investment to another always with function 067, even choosing a different line than the one where the current contribution is allocated, with a minimum of 5% on a single line. In the case a member chooses to change the allocation of part of the capital invested in the insurance plans, the reallocation will affect all policies proportionally.
Changes to the allocation of capital interrupt the period of investment, therefore they should not be used as a way to take advantage of the market fluctuations, because in the majority of cases this can result in a reduction of the investments and in a lower possibility to recover losses.

3. in the case of a transfer from another Italian pension funs it is possible to make a choice for the allocation of capital with form 029, available in “Forms and Documents” section of this website. In this case, as well, it is possible to choose more than one line of investment with a minimum of 5% on a single line.

Options mentioned at points 1 and 2 can occur with at least 1-year intervals.

Currently, the BoA established that no costs shall be applied to switching capital allocations.
For managers classified as “vecchi iscritti”, changing the allocation of the capital invested in the insurance line to switch it for a financial portfolio will imply a tax charge of 12,50% on the yield accrued within 31 December 2000. Such charge, in most cases, is only an anticipation, because, in the case of a request for a lump sum, it would still be applied.