How is NASPI calculated in 2018

The NASPI (Nuova Assicurazione Sociale per l’Impiego) is the unemployment benefit program in Italy that provides financial assistance to workers who have involuntarily lost their job. The calculation of NASPI in 2018 is based on specific criteria and can vary depending on various factors.

To determine the amount of NASPI an individual is entitled to receive, several elements must be taken into account. Firstly, the duration of the benefit phase is considered. The average length of the benefit phase is calculated based on the applicant’s previous contributions to the social security system. The longer the contributions, the longer the benefit phase will be.

The calculation also includes the applicant’s average monthly income earned during the four calendar quarters prior to becoming unemployed. A specific formula is used to calculate this average, taking into consideration the contributions made during each quarter. The amount is then divided by the number of months in that year (12), resulting in the average monthly income.

Once the average monthly income is determined, the NASPI is calculated based on a predetermined percentage. In 2018, the percentage used is 75%. This means that individuals are entitled to receive 75% of their average monthly income as the NASPI benefit.

It is important to note that there are certain limits to the amount of NASPI an individual can receive. The maximum benefit amount is capped at €1,195.68 per month for 2018. If an individual’s calculated benefit exceeds this limit, it will be reduced to meet the maximum cap.

Moreover, it is worth mentioning that in 2018, there are additional provisions to consider when calculating the NASPI benefit. For individuals with dependent family members, an additional 20% is added to their calculated benefit. This increases the overall amount of benefit received.

Furthermore, there is a separate calculation for those who were self-employed and registered with the INPS (Italian National Social Security Institute). Self-employed individuals can also be entitled to the NASPI benefit, but the calculation is slightly different. For self-employed individuals, the calculation is based on the average income of the last six months before unemployment, excluding the final month.

The NASPI benefit is subject to taxation. The taxation is based on the individual’s overall income, including the NASPI benefit. However, it is important to consider that the 75% received as the NASPI benefit is considered the taxable portion, while the remaining 25% is tax-free.

In conclusion, the calculation of NASPI in 2018 takes into account various factors such as the duration of the benefit phase, the average monthly income, and the predetermined percentage. The maximum benefit amount is capped at €1,195.68 per month, and for individuals with dependent family members, an additional 20% is added to the calculated benefit. Self-employed individuals have a slightly different calculation based on their average income before unemployment. It is important to be aware of the taxable portion, which is 75% of the benefit received, while the remaining 25% is tax-free.