Clipping of news on Brazilian Culture, Law and Citizenship
05/31/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The increase in the basic interest rate (Selic) from 7.5% to 8% per year will make the money invested in savings income more than in fixed income funds, according to a survey of Anefac (National Association of Executives Finance, Administration and Accounting).
With the Selic rate to 8% per year, savings income rose from 5.25% to 5.60% per annum and the book earns funds in most situations even if the redemption date of the application is more than two years (lower rate of income tax).
In practice, an investment of R$ 10 000, whereas the Selic remains at 8% per annum, have surrendered, in 12 months, R$ 560 in savings, and R$ 554 in the fund with investment management fee 1,5%.
On the other hand, in funds with lower management fee of 0.5% per year, the book pays less, regardless of the time of application. In the above example, if the management fee is 0.5%, funds R $ 617 return to the investor. In all other situations, the advantage of saving is higher - see the comparison table below.
This is because the savings account is your gain guaranteed by law and not suffer any taxation. Already incomes of fixed income funds suffer taxation of Income Tax. The less time saver leave the money in the fund, the greater the bite of the Lion, and also pay the administration fee charged by banks.
By the rule in force since last year, when the Selic rate is greater than 8.5% per year, the savings yields 0.5% per month (6.17%) plus the TR (reference rate), a type variable rate.
When the basic interest rates are equal to or less than 8.5% per annum, as is currently the case, the book pays 70% of the Selic rate plus the TR. However, the benchmark is zero when the Selic rate is equal to or less than 8% per year, which makes the yield totally tied to basic interest.
This calculation only applies to money deposited in savings from May 4, 2012, when the federal government changed the rules of savings. For previous deposits, income follows the old rule of 0.5% per month plus the TR. Other rights of those who apply in the book were kept, such as exemption administration fee and taxes.
For deposits made before the rule change, the savings is more advantageous than the funds in most situations, according to Anefac.
Despite the higher remuneration brought by the increase in the Selic rate, the savings still yielding less than inflation expected for 2013.
According to the Focus Bulletin, research institutions published every week by the Central Bank, the official inflation measured by IPCA (National Consumer Price Index to the Consumer), will end the year at 5.81%.
Source: R7
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This article was translated by an automatic translation system, and was therefore not reviewed by people.