According to the FAIR association (ex-Finansol), solidarity booklets totaled 3.26 billion euros in assets in 2020, an increase of 25% in one year. Increasingly popular in France, these savings products make it possible to invest money in the service of others.
The solidarity booklets are on the rise. According to the FAIR association (formerly Finansol), these savings products generated 3.26 billion euros in assets in 2020, an increase of 25% over one year (the figures for 2021 will be known in June). . In an article published this Monday, May 9, The world recounts the enthusiasm of individuals for this formula, which consists of putting their money at the service of others in return for a tax advantage.
A non-negligible tax reduction
In fact, these savings products are generally based on the logic of donations. In this case, the saver waives all or part of his annual interest for the benefit of an association, as a FAIR official explained to our colleagues. This action leads to an income tax reduction equal to 66% Where 75% of the donation made, according to the beneficiary association.
But there are also booklets whose purpose is to finance the social and solidarity economy through ready, and not donations, specialized structures. being specified that since October 1, 2020, holders of a Sustainable and Solidarity Development Booklet (LDDS) can also make a donation to these social and solidarity structures.
How to make your LDDS truly supportive
More than 24million holders in France
According to the latest report from the Regulated Savings Observatory, more than 24 million French people hold a Sustainable and Solidarity Development Booklet (LDDS) reporting 1% net per year, without fees or taxes. However, the latter can transfer all or part of the proceeds of the interests or the accumulated capital to their savings account to players in the world of the social and solidarity economy selected by the banking establishments collecting the LDDS.
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According to our colleagues, several options are currently possible, such as the Crdit cooperatif Agir passbook, with no payment ceiling, which is remunerated 0.6% raw per year up to 15,300 euros in deposit, half of which is transferred to the partner chosen by the customer. Or the savings account for others offered by Crdit Mutuel, which finances non-profit and humanitarian associations such as the League Against Cancer, with a rate of remuneration fixed at 0.25% gross annually. Not forgetting La Nef, a citizen banking cooperative. In the coming months, new players should also join this profitable market, such as the Green-Got Helios neobanks. The latter has just announced the launch of its future savings account. If the rate of return is 0%, the savings deposited must be used to finance projects in favor of the ecological transition.
Green, ethical or solidarity bank: comparison of offers