The year 2023 is, for the time being, that of regulated savings. The announcement of the increase in the rates of the Livret A to 3% and the LEP to 6.10%, shortly after the already effective increase in the PEL to 2%, puts these products back in the spotlight. Do you have a 1% PEL and want to open a new 2%? Watch out for excess precipitation! Here’s why.
Do you have a 1% home savings plan (PEL)? Be aware that the rate of your PEL will not go up 2%… The increase in yield, effective since January 1, 2023, only concerns plans opened since the New Year. This obviously arises for many the question of closing your PEL 1% to open a new one 2%.
Your 1% gross paid PEL is and will probably remain one of the lowest paid PELs for a long time. the only advantage of this 1% PEL is that it opens the right to a housing savings loan, an increasingly advantageous rate of 2.20%.
Real estate credit: should a 1% PEL be opened as soon as possible to block a 2.20% loan?
The advantage of the 2.20% PEL loan is to keep in mind before closing your PEL to reopen a 2% one. But another argument must invite you to avoid any excess of haste. It is necessary to bear in mind a regulatory subtlety concerning the most recent ELPs…
Retreat : save by paying less tax. 13 contracts compared
Interest recalculated at 1%, 1.25% or 2%?
It all depends on when you opened your PEL. If you subscribed to it at the end of 2016 or in 2017, your 1% interest is only subject to social security contributions (17.20%), therefore approximately 0.83% net. PELs opened from January 2018 are subject to flat tax (30% in total), income tax (12.80%) included. That is 0.70% net.
Subtlety concerns PELs less than 2 years old: therefore housing savings plans opened in 2021 or 2022. Because, by breaking a PEL of less than 2 years of detention, interest is recalculated at the home savings account rate (CEL). And at the rate of the CEL in force at the time of the closure of the PEL.
Gold, the CEL is in this month of January rmunr 1.25% (i.e. 0.88% after flat tax). From the February 1driven by the increase in Livret A, the CEL will be remunr 2% gross (1.40% after flat tax), like the new PEL!
A 1% paid PEL… closed with doubled interest!
So here is a subtle and very temporary windfall effect: if you have a PEL open in 2021 or 2022 and you plan to close it, wait until February so that the interest on your PEL is raised to the rate of the CEL, 2%. Short: dual interests!
Ultimate subtlety: if you opened your PEL in January 2021, on the other hand, the windfall effect does not exist since your PEL turns 2 this month… interest will remain calculated at the rate of the PEL , 1%.
Housing savings plan: are you interested in opening the new 2% PEL?