payments on retirement savings products are also declared

If you have funded a “new version” retirement savings plan (PER), an old PERP (the second P corresponding to “popular”) or contributed to the Préfon plan (public service), your payments are deductible from your taxable income . The rule is the same if you have made “voluntary” payments into a collective company retirement savings plan (Pereco) or into the optional part of a compulsory retirement savings plan (PERO): your contributions are deducted from your taxable income.

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On the other hand, you cannot deduct your participation or profit-sharing bonuses if you paid them into an employee savings plan, whether it is a plan specifically intended for retirement or the savings plan company (PEE). The fact of transferring these premiums to an employee savings plan does not make them deductible from your taxable income, but allows them to escape income tax, whereas, if you have requested to receive them directly without going through through the “company savings” box, they are taxable under the same conditions as your remuneration.

Married or in a civil partnership

Your payments must be deducted within the limit of an overall deduction envelope. This is equal to 10% of your professional income, net of fees, for 2022 (the rule in this tax system is to be based on income received in N−1), without being able to exceed 32,909 euros.

If you did not have professional income in 2022 or if it was less than 41,140 euros, you can deduct your payments up to 4,114 euros. If your payments exceeded your deduction envelope in 2023, you can deduct the surplus from the unused balances of your deduction envelopes from the three previous years – 2020, 2021 and 2022 –, starting with the oldest.

If you are married or in a civil partnership and subject to joint taxation, you can pool your deduction envelopes by indicating it in box 6QR. The deduction envelopes of each member of the couple are then added together and your payments become deductible within the limit of this overall ceiling. They are deducted first against the 2023 deduction ceiling then, where applicable, against the unused balance of the ceilings for the three previous years (2020, 2021 and 2022).

In the event of redemption of quarters

To allow the tax administration to calculate your deduction envelope for your 2024 payments, do not forget to indicate the compulsory contributions paid last year on a collective retirement savings plan (Pereco and PERO) as well as any contribution from your employer.

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