Editable Excel spreadsheet (Italian)
Pension Fund vs TFR Calculator 2026
Download the Italian spreadsheet to understand whether to leave your TFR with your employer or pay it into an Italian pension fund: compare tax deductions, net returns and taxation.
2 scenarios
TFR vs pension fund
Excel
editable and reusable
2026
updated tax rates
Free resource
Unlock the calculator (Italian)
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Downloadable files are currently in Italian. Product and tax examples relate to Italy.
What the file contains
1Direct comparison of TFR left with your employer and TFR paid into a pension fund
2Calculate the tax deductibility of voluntary contributions using your Italian IRPEF income-tax rate
3Estimate the final balance using net returns and years until retirement
4Compare the fund’s preferential taxation with the separate taxation of TFR
5Editable Excel spreadsheet: change only the yellow cells to see results immediately