The current moment is characterized by the end of a great economic crisis and the beginning of the recovery, that is why the latest data that we have known suggest that for the first time after several years the growth of family spending in relation to disposable income because it is believed that more money will be available in the future. This is the main indicative whereby consumer expectations increase and are consumed more.
Savings among families
Now, a few years ago, the opposite was happening and as expected that there was going to be less money proliferating savings among families, so at this time we ask ourselves, is it a good time to invest in a savings plan? Well, in times of stability it is better to opt for these plans that offer better conditions. So much so, that we have been able to know a new figure in this regard called the Savings Plan 5 in which good taxation is offered for having our money there for a certain period.
This financial product is limited to the maximum amount contributed is 5000 euros per year in a single product for each taxpayer. In this way, the new tax reform aims to encourage savings by taking advantage of the tax benefits it provides for 5 years.
The problem is that we must respect this specific period if we do not want you to hold a hold or even have to make a payment to the financial institution of 19% on the returns obtained since the opening of the plan.
In short, Savings Plan 5 is convenient if we want to get capital that helps us overcome significant unforeseen events or assume expenses or investments without financing. With a low profitability and although we can have money before 5 years – paying a retention of 19% – the ideal is to maximize contributions every year to the maximum of 5,000 euros.
The other option if you need money during that period of time, is to go to request a fast loan that allows you to obtain in a short period of time all the amount we need at a given time without falling into the penalty of these types of products. Consult with our Nalvard Suleness experts .