You will receive 2022 interest on your savings accounts in a few days. But on certain banking products, if interest is added to your savings, the bank immediately trims it, due to social security and tax deductions. Reminder of the BA-BA of banking taxation.
A bookletor Livret Bleu at Crdit Mutuel, popular savings account (THE P), sustainable and solidarity development booklet (LDDS) and youth booklet: the range of totally tax-free savings accounts can be counted on the fingers of one hand. On these regulated savings products, the reading of the annual interest is simple: the bank calculates the interest net of any levy… and pays it to you. Thus, on January 1, your statement only shows interest which is added to your savings. Nothing else.
Livret A, LEP, PEL… When will I receive the interest on my savings?
In the family of regulated savings, housing savings is part of it. the housing savings account (CEL) is currently remunerated at 1.25%, but is subject to the flat tax, or single flat-rate levy. This PFU made of 12.80% income tax and of 17.20% social contributionseither 30% overall. Unless you have thought of claiming a tax exemption, your bank automatically deducts this 30% from your annual earnings, which explains the multiple January 1 lines on your statement: more gross interest, less tax and social charges.
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Same principle for your housing savings plan (PEL), at least if you opened it many years ago (more than 12 years) or very recently (since 2018): this is the flat tax which applies. In any case, even if you have a PEL exempt from income tax, the bank still charges social security contributions at 17.20%.
Housing savings plan: when will I pay taxes?
Finally, what about bank books, or classic bank books, Distingo, Cashbee or other BforBank books that sometimes promise you boost rates and other opening bonuses? They too are subject to flat tax: 30% automatically deducted from your annual interest.
When you complete your tax return next spring, only the interest earned on these taxed booklets or on your home savings investments will be pre-filled. Totally exempt, the interests of your LEP or Livret A do not have to be declared to the taxes!
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