What is ISEE?
ISEE is an indicator of the equivalent economic situation, which measures the economic status of a family or individual based on their income and assets. It takes into account various factors like income, property, and family composition while calculating an individual’s economic situation. This calculation is done through a standardized formula and is used to determine eligibility for social benefits and services provided by the Italian government.
How is ISEE Calculated?
An individual’s or family’s ISEE is calculated based on their income, assets, and other relevant factors. To calculate ISEE, the government assigns different weights to different income sources such as employment income, pension, rental income, and welfare benefits. These sources are combined to obtain a total income value.
Once the total income value is determined, the government applies a series of coefficients, taking into consideration factors such as family size, composition, disabilities, and age. These coefficients adjust the income value to reflect the economic situation more accurately.
In addition to income, the ISEE calculation also considers the value of assets, such as property, bank accounts, and investments. However, certain assets, such as the primary residence, are exempted or partially included in the calculation.
What are the ISEE Categories?
Based on the calculated ISEE value, individuals or families fall into one of several categories, each corresponding to a specific income level. The categories are as follows:
- ISEE 1: Extremely low-income individuals or families.
- ISEE 2: Low-income individuals or families.
- ISEE 3: Medium-low-income individuals or families.
- ISEE 4: Medium-income individuals or families.
- ISEE 5: High-income individuals or families.
- ISEE 6: Very high-income individuals or families.
The category in which an individual or family falls determines their eligibility for different social benefits and services offered by the government.
What Benefits are Linked to ISEE?
ISEE plays a crucial role in determining eligibility for a wide range of social benefits and services in Italy. Some of the benefits linked to ISEE include:
- Healthcare assistance
- Social housing
- Education subsidies and scholarships
- Reduced public transportation fares
- Energy bill discounts
- Reduced or free childcare services
The specific benefits an individual or family can access depend on their ISEE category and other factors specified by the respective agencies.
Understanding ISEE is essential for individuals and families in Italy who seek social benefits and services. By knowing how ISEE is calculated and the benefits associated with each category, people can make informed decisions and ensure they receive the assistance they need. The ISEE system helps ensure that social benefits are directed towards those who need them the most.