Like 55 million other French people, you may have at least one regulated savings account. You are asking yourself the question: should you declare the interest on your Livret A, your LDDS, your LEP or your Livret Jeune for tax purposes?
Since Thursday, it has been possible to declare your income online. And you may be wondering if you need to declare the interest generated by your regulated savings products. 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 Livret A and LDDS, 5% for LEP) is net of taxes and therefore received in full. It is not even necessary to report on your declaration the interest you received on December 31.
The Livret A rate (and by extension that of the LDDS), will remain frozen at 3% until January 31, 2025. This rate has been applied since February 1, 2023. A real loss of income for savers. Indeed, by applying the calculation formula, the rate should have been 4.10% on August 1, and increased to 3.90% since February 1.
A reminder also: this exemption applies to all interestsincluding those generated by the part of the outstanding amount exceeding the payment ceiling.
Once the Livret A ceiling has been reached, is the interest subject to social security contributions?
More complicated for the PEL and CEL
They are also part of the big regulated savings family. 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, in fact, changed since 2018: the interests of PEL and CEL opened after December 31, 2017 are taxable. This is also the case for PELs opened before this date and which have exceeded their 12th anniversary.