how to unite all your contracts within the same PER

Do you know Perp, Prfon, Corem, CRH, article 83, Perco or even Madelin? For 3 years, banks and insurance companies have been offering a single product that brings together all retirement savings products: the Retirement Savings Plan. Here’s how to take advantage of it.

You have several old retirement contracts and now you want to combine them into a single product. So how to proceed?

A simple process, really?

The Pacte law which created the Pension Savings Plan (PER) allows savers to combine their Perp and Madelin contracts, savings subscribed individually, but also employee savings blocked until retirement age ( Perco) or even the very specific Article 83 contracts (related to compulsory payments).

In theory, the Pacte law allows full portability of all your retirement savings. To do so, simply contact the bank or insurer with which you wish to take out your PER. The establishment will make you complete the transfer request, on paper or online. This document brings together subscription to the new PER, the payment slip, and a transfer slip with detailed information on your current retirement savings. Also note that the transfer slip is completed by the host establishment. More than waiting… Normally! Several brokers, however, told Moneyvox that they are, in some cases, forced to ask customers to follow up with the outgoing establishment to speed up the process. Allow 24 months, on average, to complete your transfer.

An improvement is in progress according to Bercy: In order to facilitate transfers, the federations of professionals (France Assurers, the FBF, the AFTI and the AFG) have drawn up a transfer slip which is intended to be used for PER transfers. follow…

What are the transfer deadlines and fees?

According to the insurance code, to transfer your old Perp, Madelin contract or other Prfon and Corem to a brand new retirement savings plan (PER), the maximum delay is 4 months. However, some insurers on condition of anonymity report delays of up to 1 year for a complete transfer.

EXCLUSIVE. PER: up to 1 year to transfer all your retirement savings!

Transferring an old plan. If you transfer a Perp or a Madelin to a competitor’s PER, transfer costs are capped at 5% of the savings made. If your plan is more than 10 years old, no fees may be charged.

Transfer of a recent PER. If you transfer a very recent PER to one managed by a competitor, the fee cap is 1% of the savings. After 5 years of detention, you are exempt from fees.

A new PER but with the same portfolio?

By requesting the transfer of your old contracts within a PER, do you keep your investments (funds in euros and units of account)? Normally yes. The old and the new manager can agree that all or part of the transfer is carried out by a transfer of titles, had explained Bercy Moneyvox. But most often it will take to invest everything to reinvest everything. When we talk about transfer, we are talking about the transfer of the tax envelope only: the supports are sold before the money is transferred. Be careful, because depending on the funds or investments held, the transfer procedure is slowed down.

Retirement savings plan: these funds that block your transfer

The possibility of keeping old contracts

Obviously, no saver is obliged to transfer his contracts. Even if Perp or Madelin have not been marketed since 2020, you are free to keep them. But it all depends on your project. The PER of the Pacte law allows you in particular to release your capital before the age of retirement for the purchase of your main residence.. What Perp and Madelin do not allow you. In addition, thanks to the PER, an exit in life annuity or in capital up to 100% of the savings is possible.

Compare retirement savings plans