It is worth opening a baby bond account before the end of the year – Debrecen news, Debrecen news | News of Debrecen and Hajdú-Bihar counties
It is worth opening a baby bond account before the end of the year
Budapest – As a starting point, the state gives a lifetime allowance of HUF 42,500 to all newborns.
More than 262,000 children already have baby bonds.
This is one of the best Hungarian investments, and if the payment is made to the account by 31 December, the state support will still be available for this year – András Tállai informed MTI.
The parliamentary secretary of state in the Ministry of Finance said that any amount in the baby bond can be set aside each month, the interest rate is extremely favorable: the previous year’s inflation plus three per cent. The state also provides a maximum of HUF 6,000 in special support for this every year.
Then the Parliament will vote, then from 2022 the state support for baby bonds will double to HUF 12,000.
András Tállai emphasized that the baby bond gives parents, grandparents and other relatives a way to know the later financial possibilities of their children, grandchildren and younger family members, namely in a long-term, safe form, he reminded the Secretary of State. As a starting point, the state declared all 4 newborns 4 ad2 start-up support – András Tállai installment.
The money is the money on the day of the child’s birth, but the baby bond is only good as a start-up allowance if you open a Hungarian Start securities account for the child from one of the corresponding amounts, he added.
The opening of the account is extremely required by the Hungarian State Treasury, which can be inspected from home in a matter of minutes, the Secretary of State said, adding that it requires nothing but a customer gate and currently has more than 5 million private individuals. That is, the vast majority of parents have easy access to the new service, and so the proportion of baby bondholders may increase further.
Through family members and the state, it already earns HUF 143 billion in interest on children’s bonds.
András Tállai. He also noted that, for example, a child born this year can receive 2.2 million forints from the monthly payment of five thousand forints by a parent or a grandparent. And this amount could be even higher, the Parliament will vote on a proposal to double the state support of the Ministry of Finance.