What if your checking account savings increased between 2020 and 2021
In recent years you have managed to save some extra money, or thanks to an inheritance or a donation you have seen the value of your checking account increase. However, the good news could be joined by some bad news: having more money in the current account, in fact, could lead to an increase in the ISEE. In fact, to calculate the indicator, both incomes and assets are taken into account: if one of the two items were to increase, while all the others remain unchanged, then an increase in the ISEE would result, with all the ensuing consequences: from the loss of some concessions to the reduction of the amount of the single allowance received.
In this regard, it is legitimate to ask how the increase in money in the current account can increase the Isee 2023, for which – we recall – we will look at income and assets updated on December 31, 2021, two years before the presentation of the Dsu.
So, we need to look at what happens if current account savings increased between 2020 and 2021: by how much will the ISEE increase? As Money.it explains to us, there are no consequences when the movable assets remain below 15,493.71 euros, as below this threshold the money in the current account is not considered for ISEE purposes.
Otherwise, the value that exceeds this threshold is taken and added to the real estate assets. Of the final result, however, only 20% is taken, which in turn is added to the income so as to arrive at the value of the ISEE, i.e. the indicator of the economic situation. From this value to arrive at ISEE it will be necessary to divide everything by the equivalence scale parameter, calculated on the basis of the number of family members and their age or condition.
In summary, when the change in the money on the current account involves exceeding the threshold of 15,493.71 euros, only 20% of the difference will be taken into account. The impact on ISEE, therefore, unless we are dealing with large sums, will not be as relevant as, for example, a change in income would have been.