Saving and tax exemption, these are two French passions. The retirement savings plan (PER) allows them to be brought together in order to prepare additional income for their old age. A welcome little boost, but which is not without consideration, since the savings housed in a PER are blocked, except in exceptional cases or the acquisition of their main residence.
To use this tax benefit wisely, you need to understand its mechanism. You have the possibility of deducting from your income the sums paid on a PER, and therefore of paying less tax. The impact on the final grade will be more or less important depending on your situation. This is all the more advantageous tax-wise when your marginal tax bracket is high. Thus, a person who invests 10,000 euros in their PER will benefit from a tax reduction of 4,100 euros if they are taxed at 41%, 3,000 euros if they are in the 30% bracket, but only 1 100 euros in the 11% bracket. On the other hand, there is no tax advantage for a non-taxable saver, because it is not possible to benefit from a tax credit.
In addition, it is allowed to waive the deductibility of the sums paid on his PER. The interest? Exit taxation will be different. In fact, savers who have opted for deductibility will be taxed on retirement, when they recover their capital (at the progressive scale for withdrawals and at the single flat-rate deduction of 30% for earnings), while those who have waived this possibility will only be taxed on the winnings.
Given this tax lag over time, the households that will benefit the most from the tax incentive of the PER are therefore those that are taxed in the highest brackets during their working life, from 30% and beyond, and who will be in a lower bracket when they retire. By injecting the sums corresponding to the tax savings made into the plan, the PER becomes a very interesting savings tool.
Children attached to the tax household have their own retirement savings ceiling. In the absence of income, the minimum of 4,114 euros applies
It should nevertheless be kept in mind that the deductible amounts are capped. You cannot complete your PER all at once and then wait for time to do its work. The logic is rather based on regular payments. The retirement savings limit is individual and depends on the level of your income. Thus, you can deduct up to 10% of your 2021 income, with a minimum set at 10% of the annual social security ceiling (PASS), i.e. 4,114 euros for this year, and a maximum set at 10% of eight times the PASS, i.e. 32,909 euros.
You have 58.68% of this article left to read. The following is for subscribers only.