Italy’s proposed 2027 budget includes the “Fondo Valore nuovi nati,” a savings scheme intended to create an individual financial position for children from birth. Under the measure, children born from 2027 would receive a state contribution of €100 a year until they turn 18.
The accumulated funds would not be taxable or subject to seizure, according to the information cited in the proposal, and could generally be accessed only after the beneficiary reaches adulthood, except in extraordinary emergencies. INPS is expected to collect the payments and manage the related activities, while Cassa Depositi e Prestiti would oversee the financial management using prudential criteria.
The scheme would also allow voluntary contributions from relatives up to the third degree and relatives by marriage up to the second degree. These payments would qualify for a 19% tax deduction on annual contributions of up to €1,000.
The public contribution alone would have a limited economic impact. Assuming a predominantly bond-based investment strategy and estimated net annual returns between 1% and 3%, contributing €100 at the beginning of each year for 18 years would produce a final amount of between €1,981 and €2,412. The state would contribute €1,800 in total.
Additional family payments could significantly increase the final balance. For example, adding €400 a year and assuming a 3% return would result in approximately €12,058 after 18 years, compared with €9,000 in total contributions from the state and family members.
Sources: Il Sole 24 Ore Italia.