The Brazilian has awakened to the advantages of saving more and less financing. According to a survey by the National Confederation of Shopkeepers (CNDL), four out of ten Brazilians make financial investments (39%). However, most of them still direct their surplus resources to savings, even with the subsequent reductions in the benchmark interest rate (Selic), which makes this type of application one of the least profitable in the market.
The low wages of the national population
The lack of culture to economize, the low wages of the national population, and the high taxes charged on the applications, are some of the factors that explain why more of the Brazilians do not have money saved for emergency situations. But did you know that there are other investments (other than savings) that are exempt from Income Tax? Get to know some of them.
The savings account has always been synonymous with financial health
The savings account has always been synonymous with financial health for Brazilians. However, its current yield of about 5.25% per annum is virtually nullified by inflation, which forces savers to seek new profitability alternatives in the market. (Lending Letter) and LCA (Agribusiness Letter of Credit) – two applications that have in tax exemption its first advantage (since the charges levied on common fixed income applications ranging from 15% to 22.5% on profits). The other advantage of LCI and LCA is the double guarantee (the borrower is obliged to pay the agreed amounts and in case of default the bank honors the commitment.
Agricultural financial products and real estate
In addition to this type of application, Real Estate Receivables Certificates (CRI), agricultural financial products and real estate are exempt from IR, very similar to letters of credit, except that the financial institution does not guarantee the relationship between the borrower and the investor .
Lastly, real estate funds, which currently account for R $ 16 billion in assets (according to data provided by BM & FBovespa) and stock market operations, in the total amount of up to R $ 20,000 per month, are other ways to keep your financial health current, without being bitten by the Lion. Keep an eye on new alternatives!