Tick tock. If you ever want to take advantage of the exceptional release of your company savings plan, you only have a few days left to make this request. Warning: it is forbidden to use the released money to reinvest it in another investment or a rental investment. For the rest, the use is free and you just have to keep the supporting documents available.
Question from Martine, December 21
As part of the exceptional release provided for by the law of 2022, what supporting documents should be kept in the event of a tax audit? Estimate? Invoice? In case of provision of service (works) if the invoice is established later at the beginning of 2023 does it work?
Martine, the most precise documentation on this subject is Frequently Asked Questions (FAQ) put online in October by the Minister of Labour. She does not go into that level of detail. It is therefore impossible to answer you on the estimates or if an invoice established at the beginning of 2023 works… but, on reading this documentation, an invoice dated at the beginning of 2023 for work in your main residence seems to be in the nails.
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Two passages from the Minister’s FAQ answer your question. The first, on the use of the money withdrawn: The sums released, which the legislator intends solely for the supporting household consumption (tuition fees are accepted) and not to support savings, must not be reinvested, for example in rental properties or investment products or securities of any kind (passbooks, life insurance , shares, etc., nor used for the balance of a loan, or for the closing of a loan by anticipation. Similarly, the payment of taxes is excluded from the scope of the measure. Clearly, if it is work in your main residence, the tax authorities should consider that it is consumer support: the government does not exclude work specifically in the main residence.
Second passage concerning you: The beneficiary makes available to this administration the supporting documents attesting to the use of the sums released. The retention period for supporting documents is 3 years (control period under common law by the tax authorities). No date is mentioned. In this sense, an invoice dated from the beginning of 2023 for a release at the end of 2022 appears entirely legitimate. Finally, keep in mind that it is only a question of keeping (for 3 years) the supporting documents in the event of an inspection. You do not have to send them to your employee savings manager as a reason for unblocking or send them to the tax authorities.
Employee savings plan: what you need to know before claiming an exceptional release