All About The Transfer Of The Fifth Government Agency. How It Works And Who Loans

How the transfer of the fifth Government Agency for pensioners and employees works

How the transfer of the fifth Inpdap for pensioners and employees works

Employees of public administrations, state bodies, para-public bodies, as well as Government Agency pensioners can benefit from a specific form of access to credit: the transfer of the fifth Government Agency. It is a financial product that ensures different concessions, also compared to other convenient solutions. Let’s find out what are the advantages of the sale of the fifth Government Agency and the procedures for requesting it.

In the case of Government Agency employees or pensioners of public bodies, ministries and companies or state-owned companies, the assignment of the fifth assignment is allowed without having to indicate the reason or purpose that affects the request.

The installments that make up the repayment plan are directly withheld from salary or pension. Reduction that occurs by the employer or social security institution that pays the pension.

Person who takes care of deducting the monthly installment from the payee or pension slip of the borrower and paying it to the credit institution that provides the loan.

However, we must note that the installment cannot exceed the maximum threshold of 1/5 of salary or pension. Constitutive feature of any loan based on the assignment of the fifth. Delivery times are generally limited. As regards the interest rate, it remains fixed for the entire duration of the amortization plan.

Who can get the assignment of the fifth

As we have already mentioned, access to loans on the sale of the fifth Government Agency is reserved for civil servants, public administrations, state bodies, para-public employees and Government Agency pensioners. The applicant must also be aged between 18 and 65 and have regular Italian citizenship.

Usually applicants must have an open- ended employment contract, although assignments of the fifth are also provided to fixed-term employees. Provided, however, that the overall duration of the installments does not exceed the contract term of the work activity.

As far as pensioners are concerned, the presence of a presidential treatment with an amount higher than the minimum pension foreseen by law is sufficient. However, banks and financial institutions usually provide loans on the assignment of one fifth of the pension only to subjects who are less than 75 years old. However, some institutions carry the limit even up to 80 years.

In any case, the master limit for loans against assignment of the fifth Government Agency is considered taking into account the age that the applicant would have at the date set for the extinction of the debt.

Who is excluded

The assignment of the fifth can be requested by all pensioners and employees, even if they are temporary workers. However, there are limitations regarding pensions. In fact, those who perceive:

  • pensions and social allowances;
  • civil disabilities;
  • monthly allowances for disability pensioners;
  • income support allowances (VOCRED, VOCOOP, VOESO);
  • family allowances;
  • pensions with joint ownership for the portion not attributable to the person requesting the assignment;
  • Exodus benefits pursuant to art. 4, paragraphs 1 to 7 – ter, of Law no. 92/2012.

The achievable amounts

The assignment of the fifth does not actually imply an upper limit on the figures requested. This sum varies according to the amount of salary or pension and the duration of the loan, which cannot however exceed 10 years, that is 120 months.

Specifically, the amount payable is defined on the basis of the transferable portion. Share representing the maximum amount that the monthly loan installment can reach. As the name of the product suggests, the monthly installment of the loan upon transfer of the fifth cannot exceed 20% of the monthly income or pension received by the applicant.

How is the transferable quota determined? Let’s take an example of calculation. Let’s assume that to request the loan is a pensioner who receives a monthly allowance of 1,200 USD gross. From this 300 USD will then be removed for tax withholdings, thus arriving at a net pension of 900 USD.

At this point, to calculate the transferable portion it will be necessary to divide the net pension by 5. In this way you will find the fifth part (20%) of the net pension, that is the transferable portion. In our case, the transferable share is equal to 180 USD (900: 5).

How to submit the application

Fortunately for potential customers, the elements to be attached to the application are not numerous. For employees hired in the public sector, the main aspects are:

  • copy of a valid identity document;
  • fiscal Code;
  • document certifying the service status ;
  • salary declaration issued by your administration;
  • a copy of the last paycheck obtained.

According to current legislation, certain age restrictions must be respected in order to obtain the transfer of the fifth Government Agency. In theory there would be no limitations from the point of view of the age of the applicant, but de facto applications for applicants over 65 are rarely approved.

The documents required for the pensioner

Pensioners who wish to obtain a loan with a fifth-year loan must first submit the personal documents, i.e. identity card and tax code. To these must then be attached the pension slip and the certification of transferable quota.

The latter is a document which indicates the maximum amount that the loan installment can have. The pensioner must personally request the fee by going to an Social Institute office.

However, in the event that the pensioner turns to a bank or financial institution affiliated with Social Institute, it is not necessary to present the transferability notice. In this case, in fact, the transferability notice will be processed directly by the credit institution, thanks to the electronic connection with Social Institute.

Insurance coverage

Given the particular structure of the loan, the loans on assignment of the fifth do not provide for the presentation of collateral, such as pawn or mortgage rights on the home. However, these types of transactions find a further form of guarantee in the TFR accrued by the worker or in the pension due, in the case of loans on assignment of the fifth of the pension.

Retirement and severance indemnity are intended to protect the financing institution in the event of loss of job or death of the debtor. The current legislation also provides for the subscription of a compulsory insurance policy.

Coverage that must ensure the payment of the amortization installments against sight and employment risk. However, it is necessary to specify that the insurance policy intervenes only for the sums still due and possibly exceeding the TFR or the pension due.

With the insurance coverage, the family members and heirs of the applicant are protected in the event of premature death, but also provides coverage of the remaining installments against the provider. And it is for this reason that the loan is almost risk-free for the lender.

We would like to remind you that in addition to Social Institute, the institution in which the Government Agency is incorporated, the role of provider can be interpreted by partner banks. Banks and financial companies have entered into an agreement with Social Institute Management of Public Employees, aimed at granting loans and mortgages. Special rates and conditions are provided for members and public pensioners and their family members.

The Social Institute conventions

In order to limit the interest rates applied to the loans on the sale of the fifth Government Agency of the pension or salary, Social Institute has prepared a convention. Agreement that was signed by several banks and financial companies active in Italy.

Requesting a loan on assignment of the fifth to an affiliated credit institution guarantees the beneficiary the application of favorable rates compared to the market averages. To find out which banks and financial institutions have entered into the agreement with Social Institute, you can consult the complete list of partner institutions.

The Fine Bank offer

Among the various banks that provide loans on the sale of the fifth Government Agency we find Fine Bank. The lender offers products on assignments of the fifth dedicated to both public workers and former Government Agency pensioners.

In both cases there are no commissions for managing the case or stamp duty. The commissions for the preliminary investigation of the case are also zeroed. We also remind you that civil servants who request a loan on assignment of the fifth can benefit from special concessions if they apply using the NoiPA system.

Not only. Civil servants who need significant sums can simultaneously apply for two loans, one on assignment of the fifth and one with delegation of payment.

But let’s take some examples. Let’s assume that an ex Government Agency pensioner requests a sum of 12 thousand USD to be repaid with an amortization plan that extends for 10 years (120 months). Tan and Taeg are fixed at 6.46% and 6.65% respectively. The monthly payment to be paid is 136 USD.

If, on the other hand, we take into consideration the loans on sale of one fifth of the salary offered by Fine Bank, the offer advertised on the official website of the financial company is as follows. By requesting $ 13 thousand to be repaid in 120 months, the monthly installment to be repaid is $ 144. As for rates, the Tan is fixed at 5.95% while the Taeg stands at 6.11%.

Unicredit loans

Among the credit institutions affiliated with Government Agency we also find Unicredit. The bank provides loans on assignment of the fifth Government Agency accessible to both employees and public pensioners. Loans that can be repaid with an amortization plan ranging from 24 to 120 months.

The monthly installment is deducted directly from the payee’s paycheck or pension check. As for the maximum amount that can be financed, this varies according to the category to which the applicant belongs.

Specifically, a maximum payable amount of $ 72 thousand is provided for civil servants. For Social Institute pensioners (including those pertaining to the former Government Agency management), on the other hand, the maximum amount payable stands at 69 thousand USD.

University Student Loans Offers 2017. The Best Products

What is the loan of honor

What is the loan of honor

University student loans are loans dedicated to those who want to support a course of study, but do not have the necessary resources. Introduced in our country in the mid-90s with law no. 608/1996 the loan of honor is now a widespread product in Italy.

Both university students and aspiring entrepreneurs are eligible for honor loans. In the first case, these are loans designed to facilitate students in the second, products to support the start-up and development of companies in individual or corporate form.

But how do college student honor loans work? Usually the loan of honor is a product that provides for the granting of a sum to be repaid after a few months. Unlike what happens with traditional personal loans, in fact, honor loans provide a bridging period between the date of granting the money and the beginning of the repayment.

The length of this period varies from loan to loan and is usually related to the course of study you want to finance. During the bridging period, the borrower is not required to repay principal or interest. At the end of this period, the beneficiary begins to repay the loan with an amortization plan in monthly installments.

As regards interest, the rate applied is usually subsidized. In some cases there is also a quota of capital granted as a non-refundable.

But who can get college student honor loans? The requirements for obtaining such a loan vary depending on what is set by the bank that provides the loan. In some cases, it is the university of reference that establishes the requirements to be met. Usually these are merit requirements, but objective requirements can also be envisaged.

Financed expenses

Let’s move on to the question of eligible expenses. College student honor loans always allow you to bear the costs of school fees and the purchase of textbooks.

In some cases it is also possible to insert among the eligible expenses those for the stay for off-site students. And some lenders include expenses for travel and food among the eligible expenses. In any case, it is always advisable to agree on the eligible expenses with the bank that grants the loan.

The best loans for young students 2017

The best loans for young students 2017

Now that we have reviewed the conditions of university student honor loans, let’s see what are the most interesting offers of the moment. Before analyzing the offers, however, it is necessary to remember that student honor loans can be disbursed both by credit institutions and by public bodies. in the latter case, however, these are rather rare products.

On the other hand, many banks and financial companies reserve a place in their offer for honor loans for university students. But let’s move on to the most advantageous products among those currently active.

Let’s start by talking about Fine Bank’s offer. The bank note offers two loans designed to meet the needs of young university students. The first is Fine Bank ad Honorem while the second is called Credit Express Master.

Fine Bank ad Honorem   it is an honor loan for the financing of a university course. Access to credit is based on academic results and the student has the opportunity to spend the money granted without having to repay the sums for a period ranging from 1 to 3 years. Among the costs that can be financed we find both the cost of enrollment at the university and those of residence.

Once this period has elapsed, the student has two options. In fact, he can choose to start repaying the loan or take advantage of a bridging period. Hypothesis, the second, which allows you to postpone the repayment of the loan for another two years.

During this period, the student will then have the opportunity to enter the world of work and therefore find a job that allows him to repay the loan. At the end of the bridging period, the student will have to start repaying both the capital and the accrued interest, thus opening a real personal loan. The amortization plan can extend for a maximum of 15 years.

Fine Bank financing for masters

As already mentioned, the Fine Bank offer also includes a loan to finance the costs related to masters and specialization courses in general. The product is called Credit Express Master and allows access to sums up to a maximum of 15 thousand USD. The amortization plan can extend for a maximum of 96 months (minimum period 18 months).

The beneficiary can also choose to take advantage of a pre – amortization period. During which only interest will be repaid. Pre-amortization can extend for a maximum of 3 years.

The loan of honor of Lite Lender Company

Finally, we find our in-depth analysis on university student loans with the offer of Lite Lender Company. The product in question is Capital Lender, a loan for students who are already enrolled in university and have achieved good results.

Capital Lender allows you to finance both university and post-graduate studies. The sum is disbursed with various tranches every six months. The amounts granted can remain in the student’s availability for a maximum of 5 years.

At the end of this period, the beneficiary can start repaying the loan or request the activation of a bridging period. This can last up to 2 years and does not involve the payment of any sum. Once the bridging period is over, however, the repayment of the loan will be inevitable.

Payment can be made in a single solution or with a repayment plan in monthly installments, which can extend for a maximum of 30 years.

Government Agency Loans Rates: All the News of the Regulation

Social Institute ex Government Agency loans allow access to credit to meet needs of different nature. Inquiring about Government Agency rate loans is essential if you intend to choose the best plan for your situation.

Government Agency loans at a subsidized rate: the small loan

Government Agency loans at a subsidized rate: the small loan

Talk about funding Social Institute under Government Agency implies the need to consider different types of plan, among which you can remember the small loan. How does it work? We remember first of all the possibility of requesting a minimum amount equal to a net monthly salary and that of choosing an amortization plan between 12 and 48 months.

Reserved for members of the Unified Management of credit and social benefits, whether they are retirees or workers in service activities, this loan is characterized by the application of a rate of 4.25% and by the presence of administrative costs equal to 0.50% of the amount requested.

Government Agency loan rates: what to know about the transfer of the fifth

Government Agency loan rates: what to know about the transfer of the fifth

Another aspect to be explored with regard to Government Agency interest rates concerns the peculiarities of the assignment of the fifth, one of the most widespread and advantageous consumer credit formulas.

This type of loan provides for the reduction upstream of the fifth part of the salary or pension, which is a very interesting advantage, which must be associated with the possibility of accessing credit even if your name is registered in the bad pay databases and protest.

Loans with the assignment of one fifth of the salary or pension are made available by various credit institutions which, according to the provisions of the relevant legislative texts, apply a fixed rate lower than the anti-usury threshold, which does not vary for the entire duration of the loan.

Another rule concerning the loan against the transfer of a fifth of the salary or pension concerns the need to maintain the amortization plan within 120 months.

Government Agency loans 2016 rates: information on long-term loans

Government Agency loans 2016 rates: information on long-term loans

The issue of Government Agency loan rates also implies attention to the peculiarities of the Social Institute multi-year loans ex Government Agency. Before getting to the heart of the issue of interest, we remind you that these loans provide the possibility to access credit for both family and personal reasons, and to obtain loans aimed at home renovation, the payment of legal fees in case of divorce or separation, all purchase of a car (these are just some of the many purposes provided for by the Regulation).

Government Agency multi-year financing: all on the rate

Government Agency multi-year financing: all on the rate

As regards Government Agency interest rate loans, long-term loans are characterized by an interest of 3.50%, to which must be added the administrative charge of 0.50% of the amount requested.

These loans, just like the small loan, are reserved for members of the Unified Management of Credit and Social Benefits and provide for the possibility of choosing an amortization plan of between 60 and 120 months.

Can renewal be requested? The answer is yes and varies according to the duration of the repayment plan (for five-year plans, renewal may be requested after two years, while for ten-year plans after four).

Tax and foreign dividend loans

Dividend stocks are very popular in the United States because they provide investors with a steady stream of income over time. But before you get into international dividend stocks, you may want to do some homework first.

Many countries withhold dividend taxes distributed by a foreign company, which can affect your effective dividend income.

In this article, we will take a closer look at how dividends are handled when it comes to international investment and how investors can maximize their revenue potential.

Closing Dividend Tax


Investing in U.S. dividends is a pretty straightforward process. After receiving dividends from the shares you own, include them in tax and pay income tax. If they stick to a tax bill, such as an IRA, then you don’t pay tax on them. Unfortunately, foreign exchange dividend stocks are a bit more complicated.

The difference is that dividends paid by a foreign corporation may be subject to that corporation’s home country tax. In theory, this means that you may need to file separate tax returns for each country where you receive a dividend. The dividend tax rates themselves also vary from country to country, meaning you should ask your broker for the exact rates.

The good news is that some countries have agreements with the United States to make the process much easier, but these agreements vary depending on the country and investors need to consult a tax professional before making investments.

In other cases, the US IRS offers tax credits to investors to offset the amounts they pay to foreign tax entities.

Use of foreign tax credits


The US Internal Revenue Service (IRS) offers either a foreign tax credit or a deductible deduction for overseas taxes on a foreign source of income subject to US tax on the same income, such as stock dividends.

Notably, these tax credits only apply to offset taxes paid in the US, so some retirees may not benefit.

It is common for investors who receive less than $ 300 in foreign tax credits to apply for loans directly on Form 1040 if the shares in question are held in a traditional brokerage account and a Form 1099-DIV is received with said foreign tax paid. Otherwise, you may need to file Form 1116 in order to apply for a tax credit and attach it to Form 1040.

Lastly, a foreign tax credit does not apply in some circumstances. First, credit cannot exceed your foreign sources of revenue, which are divided by your global total taxable income. And second, certain countries that are not on good terms with the United States may be unusable for the foreign tax credit, including those to which the United States is at war, for example.

Retirement Account Issues

Retirement Account Issues

People with retirement accounts, such as a 401 (k), IRA, and ROT IRA, should pay special attention to these issues. Because there is no dividend income tax in the US, all foreign taxes withheld on dividend stocks in these accounts are lost forever. In countries where the dividend tax can be higher than 20%, it can significantly reduce the effective dividend income.

There are several countries that either do not withhold dividend taxes or have special provisions for US investors. As a result, investors with tax revolving accounts may want to limit foreign dividend investments to these countries.

Tax agreements and closing remarks

Most countries have tax treaties with the US, which can help reduce tax rates for investors in foreign dividend stocks. But in some cases, tax rates may vary from broker to broker, as each broker must file paperwork with foreign authorities. In some cases, individual investors may also choose to go this route to get a discounted rate.

In the end, foreign dividend stocks can be a tricky business for investors. But overall, it is important to remember a few key points when investing in foreign currency dividend stocks:

  • US provides a foreign tax credit to investors who are at risk of double taxation by paying dividend taxes in both foreign countries and the US
  • Retired accounts are not eligible for a foreign tax credit because they would not otherwise owe US ​​taxes
  • Investors should ask their brokers to find out about dividend tax rates in different countries, as rates vary between country and even financial institution.
  • Investors may also want to consult with a tax professional to see how these tax issues affect their specific situation when it comes to investing income.
Hidden Cam

Hidden Cam Masturbation – Wireless Or Wired

A Hidden Cam masturbation device allows you to masturbate to your heart’s content without having to actually watch your partner while you do so. It’s a great way to keep things exciting and to build up your stamina for lovemaking, and you can get very creative with how you use it.

Be very distracting to your partner

Be very distracting to your partner

There are two main types of Hidden Cam Masturbation Devices available on the market today: wired and wireless. With a wired system, you’ll need to have an outlet nearby for it to operate.

With a wireless system, you don’t need to be near a wall outlet for it to work. Instead, you can leave it at home, in the bedroom, or in the living room. It’s great if you have a small bathroom, or if your home has an ample amount of room for you to use the device while you’re masturbating. With this type of device, it’s not going to be too loud, but it can still be very distracting to your partner if you have it in the room.

A lot harder to masturbate

A lot harder to masturbate

However, with a small wireless hidden cam, it’s a lot harder to masturbate while it’s going. With a wired system, you can use it while your partner is talking or if you’re watching a movie. However, with a wireless masturbator, you can’t do these things. It’s only going to be as discreet as it’s possible to be, and you can’t move around during masturbation with it.

If you’re going to be using a Hidden Cam Masturbation Device, you need to make sure that you’re comfortable with it. Make sure that you have a comfortable head, and that you’re comfortable with the way you’re going to control the device.

Difficult to control if it’s time for you to masturbate

A great thing about using a masturbator like this is that you can control it at any time, while you’re masturbating. With a wired system, it’s difficult to control if it’s time for you to masturbate, and it can only be controlled when it’s time to go to bed. With a wireless system, you can control it at any time, and it won’t interfere with your partner’s enjoyment of the experience.

In addition to that, these wireless devices are a lot cheaper than their wired counterparts. For a long time, they were out of reach of most people. However, technology has progressed so that these devices are becoming more affordable all the time.

If you want to learn more about how to masturbate in a more discreet way, then you may want to try using these wireless masturbation devices. It may help you to learn how to please your partner in a more enjoyable way.

Debt relief in the event of personal bankruptcy

Personal bankruptcy. With the granting of such an exemption, the insolvent person is confirmed that he is free of debt after the insolvency proceedings have been completed.

This enables her to start financially from scratch without the burdensome burden of the old mountains of debt.

The requirements for a debt relief are:

The requirements for a debt relief are:

  • Submission of an application for exemption from residual debt (it should be submitted at the same time as the application to open insolvency proceedings)
  • End of good behavior (usually 6 years)
  • Strive for a job and if possible exercise a reasonable, professional activity
  • Assignment of the attachable part of the salary
  • Avoidance of any bankruptcy offenses (e.g. concealment of income)

If these requirements are met, the debt relief can be issued by the bankruptcy judge. This means that you are debt-free, but you have to consider certain things if you plan to finance your home again after bankruptcy.

Current mortgage rate

Current mortgage rate

If Credit Bureau remains registered, the bank will find out about it and ask how creditworthy you are as an applicant.

If you do not want to wait for the Credit Bureau entries to be deleted, you can also try to set up building finance in the following ways:

  • Construction financing through a third person (e.g. the spouse)
  • Taking out a personal loan (with relatives, friends)
  • Talk to the bank

Perhaps reasons have led to personal bankruptcy that were beyond your own responsibility. Then it can make sense to sit down with the bank and point out such reasons. The bank may then be prepared not to place as much weight on the entries at Credit Bureau and to place more weight on other factors.

  • If you want to use the bank to provide mortgage financing despite bankruptcy, you should talk about existing collateral such as a secure job, high income, financial support from your parents or life insurance in which someone was used as a beneficiary.

The safest variant remains to be seen until the Credit Bureau entries are deleted after three years. To ensure that they have really been removed after this period, you should first request a self-assessment from Credit Bureau before applying for a loan.