Increase in PEL rate
Housing savings plans (PEL) opened from 1 January 2023 will bear a gross rate of return of 2%, double that of the previous generation which was remunerated at 1% (for PELs open from August 2016 to the end of December 2022). For these new PELs opened in 2023, the home savings loan rate will however increase to 3.2% compared to 2.2% for the previous generation. It is after a savings phase of at least 4 years that the holder of a PEL can access a mortgage at a preferential rate, the amount of which is calculated according to the interest earned (loan rights).
Booklet A and LDDS
The rate of remuneration for the Livret A and the Livret de développement durable et solidaire (LDDS) will increase further from February 1, 2023. The exact rate will be announced in mid-January, but it is already possible to estimate it quite precisely. According to our calculations, it is a rate of 3.4% (against 2% today) which should be proposed by the Governor of the Banque de France in application of the calculation formula derived from the evolution of the inflation and interbank rates in the euro zone.
People’s Savings Account (LEP)
The remuneration rate for the popular savings account (LEP) is determined to cover average inflation and will therefore reflect the evolution of prices in the second half of 2022. It is therefore very likely to be increased to 6, 2% on February 1, 2023.
Housing savings account (CEL)
The housing savings account (CEL) will become more advantageous because its rate of remuneration evolves with that of the Livret A. The rate of the CEL corresponds to two thirds of that of the Livret A, rounded to the nearest quarter point. According to our calculations, the CEL rate would thus increase to 2.25% gross on February 1, 2023, which would leave 1.575% net after taxation at 30% (income tax and social security contributions).
IR-PME device
This is a change that will take hold over time and will still allow effective tax exemption solutions in 2023. The increase to 25% (instead of 18%) of the income tax reduction rate (IR) of the IR system -PME will be extended for an additional year, for payments made until December 31, 2023. This concerns investments in the form of subscriptions to the capital of SMEs or solidarity enterprises of social utility (ESUS) and shares in innovation investment funds (FCPI) and local investment funds (FIP).
For a subscription of €5,000 in an FIP, FCPI or directly in the capital of an eligible start-up, the taxpayer will benefit, for example, from a tax credit of 25%, i.e. €1,250 reimbursed in July 2023.
PASS increase
The annual social security ceiling (PASS) will increase by 6.9% on 1 January 2023, to €43,992 (€3,666 monthly ceiling). The PASS is used to calculate the maximum amount of certain social benefits such as invalidity pensions, daily allowances for illness, accident at work, maternity or paternity.
For savers, the PASS also serves as a reference to know the maximum amount of payments deductible from income under the retirement savings plan (PER). The income tax deduction ceiling for sums paid into an individual PER is in fact subject to the following condition: 10% of net income N-1, subject to not exceeding 10% of 8 times the amount of the PASS from the previous year. For payments in 2023, this ceiling will therefore remain at €32,909 but it will change to €35,193 for payments made in 2024.