You may not have heard of it, but the future climate savings plan could be more attractive than the livret A. A long-term banking investment to discover.
It is a project for the future, in every sense of the word, that Bruno Le Maire has announced. The creation of a new placement within the framework of the “Green Industry” law aims to “allow parents to prepare for the integration of their children and prepare for the world of tomorrow” according to the press release from the Ministry of the Economy.
It’s time for income tax returns, whose penalties can be avoided and whose campaign is disrupted by an SMS scam. But to think further on the financial side, the future climate savings plan is a long-term investment which could bring more than the booklet A (which will not move for a while). The plan is open to minors residing in France, from birth and blocked until they reach majority. The government hopes in this way to raise one billion euros each year and thus make the country’s economy greener, by helping to finance low-carbon projects and investments.
What’s next after this ad
The future climate savings plan more attractive than the Livret A?
The future climate savings plan will be studied in the fall in the finance bill for 2024. It can be offered by banks of course but also by insurance companies.. On BFM TVBruno Le Maire specified that its yield would be more attractive than the livret A, set at 3%. It will have the same ceiling, will also be exempt from taxation and contributions, and the amount paid will not exceed 22,950 euros.
However, unlike the Livret A booklet, the funds placed in this plan will not be used for public fund financing but to invest in companies in transition. “The investment product will therefore not be guaranteed by the State“, explain Capital, even if the ministry wishes to want to guarantee the capital in the long term. It will be impossible to withdraw the funds before the age of 18 therefore, except in exceptional cases. At the opening, risky investments could be made but the closer the holder of the plan approaches his majority, the more the funds will be placed in safe investments.
With regard to guaranteeing and verifying the green character of investments, they will be controlled by the Caisse des dépôts by checking whether the projects or companies favor “the decarbonization of the economy” or that they have a “positive impact on the environment”, according to a government source quoted by the specialized site.