The best-paid savings account on the market (6% net), the LEP is reserved for households with little or no tax. The new income thresholds, those which will be taken into account for the whole of 2024, have just been published. And, good news, they are up compared to last year, which should open the door to LEP for more savers. Here’s how to check if this is your case.
LEP for Popular Savings Account. Relatively confidential two years ago, the LEP exploded in 2023. According to the most recent figures from the Bank of France, the number of holders exceeded 10 million last summer. The amounts deposited break all records: more than 18 billion euros over the first 11 months of 2023.
The popular savings account, however, is still far from having filled up. Reminder: to open one, you must be majorhave your tax residence in France and, above all, be little or not taxed. According to the Banque de France, more than 8 million French people meet these criteria, but have still not opened one. Too bad: the LEP is currently, by far, the best-paid savings account on the market (6% net) and will remain so in 2024, despite an expected drop in its remuneration.
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Less than 22,419 euros of RFR
Would you like to know if you are one of these 8 million lucky people? Nothing could be simpler: you just need to consult the tax notice you received last summerthe one which concerns your 2022 income. It appears, on the first page, your reference tax income (RFR). Then simply compare this figure with the eligibility thresholds gathered below. They have just been updated for 2024. The entry threshold, for a single person, is now fix 22419euros of RFRcompared to 21,393 euros in 2023.
Reference tax income ceiling for holding a LEP in 2024 | ||||
---|---|---|---|---|
Family quotient shares | Metropolitan France | Martinique, Guadeloupe, La Runion | Guyana | Mayotte |
First part | 22419 | 26531 | 27737 | 41570 |
Increase for the first additional half-share | +5987 | +6336 | +7634 | +11438 |
Increase for subsequent additional half-shares | +5987 | +5987 | +6129 | |
Or for 2 tax shares (husband or civil partnership, single person with one child, single person with 2 children) | 34393 | 38854 | 41358 | 59137 |
Is your 2022 RFR lower than these amounts? You are entitled to ask your bank to open a LEP for you. Preferably meet at a branch: few banks allow remote opening.
LEP: this advantage that all banks (except exceptions) refuse to grant you
Are your 2022 income too high to open a LEP? If your income has not increased, you can try your luck again next Augustas soon as you have received your 2024 tax notice on 2023 income.