Saturday , June 19 2021

Decimal billion at the end of the year – Market & Profit

Until the end of the year, long-term investment account holders (TBSZ), opened in 2013, will be able to decide the fate of several hundred billion HUF after the five-year period of validity of these savings on December 31.

An important date for the entire retail savings market is December 31: to this day, they must declare long-term holders of investment accounts who signed in 2013 a contract for what they want to start from their money – advises NN Insurance. According to the National Bank of Hungary * In 2013, a total of 111,000 TBSZ contracts were concluded.

Photo: Pixabay

Photo: Pixabay

"The contracting wave was probably caused by tax changes that came into force on 1 August 2013, according to which TBSZ collects 6% of the health care contribution (EHO) if the account holder pays the bill for the first three years. Therefore, approximately 45 500 contracts for TBSZ were concluded in the summer months, immediately before August. Because their total value has exceeded HUF 600 billion by the end of 2013, it is important to ask whether to use these amounts or save them in other savings. "– said Árpád Czene, head of product development at NN Insurance.

It is still not too late to put the panel

Last year, 6 percent. Profits could be made by those who have invested their money in a flat panel for expense purposes. This form of investment is still profitable, although its revenues fall, but it is worth continuing.

Árpád Czene also pointed out that the tax breaks available can play a particularly important role in the savings decisions of people affected by the current deadline. "Starting from the binding wave of TBSZ, which we experienced in the summer of 2013, we can conclude that avoiding a 6% tax burden in the event of termination within 3 years could be a strong incentive for contracting clients at this time. financial awareness and are ready to commit to savings for over 1-2 years, Said Árpád Czene.

Among investors who invest their money, so many people can invest their liberated money in other long-term tax savings. This type of savings is also a type of pension insurance that is currently available for a tax credit of up to HUF 130,000 per year, which corresponds to 20% of the premium paid for basic insurance, as defined in the Act on PPA.

According to research, the working-age population usually spends on business start-ups, private marriages and repaying existing loans for two to five years. Within six decades, the goal will be to promote motherhood and buy a home, while in the long run the time will focus on creating reserves and on continuous savings.

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