Fondapi
What is Fondapi
Fondapi is the supplementary pension fund negotiated for male and female workers of Italian small and medium-sized enterprises.
Fondapi was established in the late ’90s by Confapi, CGIL, CISL, and UIL with the sole objective of supplementing the public pension (INPS) of enrolled workers through an additional and voluntary pension system.
Who Can Join Fondapi?
- Metalworking;
- Chemical;
- Plastic and Rubber;
- Glass;
- Ceramics;
- Textile;
- Food Industry;
- Graphic – Cartographic;
- IT – Innovative Services;
- Multi-services – Business Services;
- Construction;
- Bricks and Cement;
- Lime and Gypsum;
- Stone Industry.
How is Fondapi Managed?
Why Join a Pension Fund like Fondapi?
Joining Fondapi will allow you to build a supplementary pension that will add to your INPS public pension. During this journey, you can benefit from numerous economic and tax advantages:
- Additional contribution paid by the company;
- Tax deduction of contributions paid to the Fund;
- Preferential taxation at the time of liquidation;
- Potentially higher returns than the revaluation of severance pay in the company.
How Does Joining a Pension Fund like Fondapi Work?
Those who join Fondapi choose to allocate at least their severance pay (TFR) to the Fund instead of leaving it with the company.
An exclusive benefit of Fondapi is the possibility to pay a voluntary monthly contribution (directly from your paycheck) and thus obtain the additional contribution from the company.
This mechanism allows you to create a supplementary pension starting from just a few euros per month.
How are the Amounts Paid to Fondapi Managed?
The contributions paid to Fondapi (severance pay, voluntary contribution, and company contribution) are invested in the investment compartment you choose when joining.
For more details about the compartments and to understand which is best for you, visit the dedicated page.
If I Join a Pension Fund like Fondapi, Am I Bound until Retirement?
No, Fondapi binds you less than you might expect. You can withdraw the funds:
- at the time of retirement (as capital, annuity, or mixed form);
- before retirement if you change jobs and your new company doesn’t apply a CCNL that includes Fondapi.
Additionally, just as with company-held funds, you can request advances on the capital you have accumulated:
- medical expenses for you or close family members – without enrollment restrictions – up to 75% of accrued amount;
- purchase or renovation of primary residence for you or your children – after 8 years of membership – up to 75% of accrued amount;
- expenses without justification required – after 8 years of membership – up to 30% of accrued amount.
How are Benefits Paid by Fondapi Taxed?
Fondapi provides numerous benefits. The most common are:
- the redemption for loss of participation requirements (following dismissal or resignation). Taxed with a fixed IRPEF substitute rate of 23%;
- the pension benefit taxed between 15% and 9% based on years of membership;
- advances for primary residence and unjustified needs taxed at a fixed 23%;
- advances for medical expenses taxed between 15% and 9% based on years of membership.
How much Does it Cost to Join Fondapi?
Fondapi is a non-profit entity. Therefore, there are minimal fixed costs and very low management fees. Visit the costs page for more information or download the “Costs” sheet of the Information Note.
How to Join Fondapi?
To join, print the form or complete the online enrollment. Visit this page to start the enrollment process.
