TFR (severance pay) is recognized to an employee upon termination of the employment contract. Every year the employer sets aside a sum (given by the ratio between annual salary divided by 13.5) of the salary in a fund destined to the worker. In the case of reports terminated during the year, however, the fee will be calculated on the basis of the months of work actually performed.

However, in some situations it is possible to request an advance of the severance pay, without having to wait until the end of the employment relationship.

These include the restructuring of the first house (one's own, of the cohabiting children or spouse).

The severance pay advance will be agreed between the employer and the employee and regulated by the various CCNL different from sector to sector.

Requirements for the application for advance of the severance pay

The requirements established by law to be able to take advantage of an advance on the TFR for the renovation of the first house are:

• Be employed workers with at least 8 years of service.

• Demonstrate that the renovation work will be used to set up a first-home building (proper, of the children or of the cohabiting spouse) or to improve the structure of an existing first house.

Note: obviously these types of interventions include the thermal / acoustic improvements made of plasterboard (walls, counter-walls and false ceilings) or the complete rebuilding of the dry building spaces.

There are also limits regarding the provision of this sum and are as follows:

• The maximum sum payable may be 70% of the accrued TFR.

• Only 10% of the workers present in the company who have accrued the right (4% in case of companies in crisis and / or in layoffs) can benefit from this advance.

Forms for the request for advance of the TFR

After verifying that you meet the above requirements, you can submit your application to the employer.

Download a specific form from the web and send a written request to the employer.

• Attach ID card or driving license ensuring that they are not expiring.

• Attach, finally, documents certifying the intervention for which the advance is requested: 1)

Act that actually proves that the house that you will have to renovate is your first home (an act of ownership, of sale or even a preliminary purchase). 2) Material tests that attest that the interventions will be performed (Estimates, DDT of material delivery, ...).

In many cases it is the same company that will do the job to prepare the necessary documents and make sure that all the cards are in order for the request of the advance severance pay or for the request of tax benefits (IRPEF and IRES discounts that the law recognizes for building renovation interventions).

Find the best ones in your area and ask for more estimates in order to evaluate all the items of expenditure and see which is the most convenient and that includes the voice for advice and assistance related to the processing of practices.

Extra savings

Finally, with regard to saving, finally, remember to put aside the expense documentation, possibly accompanied by bank transfer or traceable payment (check, credit card, ...) in order to obtain the IRPEF and IRES discounts.

These are tax breaks included in the Stability Law that will make you recover, a good part of the expenditure incurred annually during the tax return.

Useful advice

Given the difficulties in obtaining the advance and the bureaucratic labyrinth that we are facing, it is advisable to contact an expert (a labor consultant, an accountant, a civil lawyer or a professional expert knowledgeable about the subject) who can advise better the path to be taken (from the verification of the requirements to the presentation of the application) and can answer all the doubts or uncertainties that may arise in operations of this type.

In this way you can avoid wasting time and money but above all you can avoid being disappointed or ruining the project for a trivial mistake or forgetfulness.