If you are one of the nearly 55 million French people who hold at least one regulated savings account, you may be wondering: should the interest on your Livret A, your LDDS, your LEP be declared to the tax authorities? or your Youth Booklet?
The answer is no. This is, in fact, one of the many advantages of regulated savings accounts: the interest generated is not subject to neither income tax nor social security contributions. Clearly, the remuneration displayed (3% for the Livret A and the LDDS, 6.10% for the LEP) is net of taxes and therefore collected in full. It is not even necessary to report on your statement the interest you received on December 31st.
A reminder also: this exemption applies to all interestsincluding those generated by the part of the outstanding amount exceeding the payment ceiling.
Livret A, LDDS, LEP: Do I have to pay tax on interest above the ceiling?
More complicated for PEL and CEL
They are also part of the big family of regulated savings. But the question of income declaration is more complex for the Housing Savings Plan (PEL) and the Housing Savings Account (CEL). Their tax regime has indeed changed since 2018: interest on PEL and CEL opened after 31 December 2017 is taxable. This is also the case for PELs opened before this date and which have passed their 12th birthday.
PEL, bank book, term account… how to declare your interests in 2022 for taxes in 2023