As a worker, one of the benefits you receive once you retire or leave a job is the TFR or Trattamento di Fine Rapporto (End-of-Service indemnity). This is a sum of money calculated using a certain of your salary and the number of years you have worked.

As you receive this sum, you should know that you will have to pay on it. However, with a bit of planning, you can reduce the of taxes you pay and maximize your TFR. Here are some tips on how to pay fewer taxes on TFR.

1. Spread out the payment over several years

One way to reduce the taxes you pay on TFR is to choose the “Tassazione separata” option when you receive it. With this option, you can spread out the payment over several years, meaning that you will pay taxes only on the portion you receive each year.

This choice can also help you avoid jumping to a higher tax bracket in one single year because of the lump sum payment. By spreading out the payments, you can ensure that you do not fall into a higher tax bracket and pay a higher rate of taxes.

2. Invest your TFR in a pension fund

Another way to reduce the taxes you pay on your TFR is to invest it in a pension fund. By doing so, you can enjoy tax benefits and, at the same time, increase your retirement savings.

If you choose to invest your TFR in a pension fund, it will not be at the time of payment. Instead, it will be taxed only when you withdraw it from the fund, ideally during retirement when you may be in a lower tax bracket.

3. Use TFR to pay off debts

If you have outstanding debts, you can use your TFR to pay them off. Doing so can help you save on interest payments and reduce your tax burden.

When you use your TFR to pay off debts, you do not need to pay taxes on the portion that goes to paying off a debt. Plus, you can save on the interest charges you would have accrued over the life of the loan.

4. Use your TFR to start your own business

If you have always dreamed of starting your own business, your TFR can help you get started. By using your TFR to start a business, you can reduce the amount of taxes you pay on the sum as you can offset TFR against start-up expenses.

When you start your own business, you can deduct expenses such as rent, equipment, advertising and more from your taxable income. As a result, you can reduce the total amount of taxes you may have to pay on TFR.

In conclusion, there are several ways to reduce the amount of taxes you pay on TFR. By carefully planning ahead and exploring all your options, you can maximize your TFR and save on taxes. Keep in mind that each option has its upsides and downsides, so consult a professional to help you decide which is the best option for you and to ensure compliance with relevant legislation.

Quest'articolo è stato scritto a titolo esclusivamente informativo e di divulgazione. Per esso non è possibile garantire che sia esente da errori o inesattezze, per cui l’amministratore di questo Sito non assume alcuna responsabilità come indicato nelle note legali pubblicate in Termini e Condizioni
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