The income thresholds which allow you to open a LEP in 2024 have been updated. If your taxable income exceeds these amounts in 2022, you risk losing your LEP this year. Here’s how to check.
Total security, permanent availability, unbeatable rate (6% currently), payment ceiling recently raised to 10,000 euros: the advantages of the Popular Savings Account are without equivalent in the savings landscape. Only problem: it is not not open all. To open one, or keep it, you must be of legal age, reside in France for tax purposes and above all be little or not taxable.
More precisely, to rule on your eligibility, the banks check (or ask the tax authorities to check) your reference tax income (RFR), this amount which appears on the first page of your tax notice. When opening the account, of course, but also every year, to ensure that your income stays on track. If this is not the case, they have no choice: they have the legal obligation to close the account.
THE RFR thresholds allowing you to hold a LEP have just been updated for the year 2024. They are detailed in the table below, depending on your family situation and your location.
| 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 |
LEP: the new conditions to be met to open a popular savings account in 2024
Is your LEP suspended?
Does your 2022 RFR exceed these amounts? Don’t panic: the ax will perhaps not fall this year. To lose your LEP, you must, in fact, stop fulfilling the conditions, not one, but two consecutive years.
Here’s how it works more concretely.
Your LEP will be closed this year if and only if your 2022 RFR exceeds the eligibility thresholds in 2023 (21,393 euros for the first tax portion) and 2024 (22,419 euros).
You will be able to keep your LEP if your 2022 RFR is below these thresholds in at least one of these two years.
Be careful though: if you exceed the eligibility threshold in 2024, your LEP is suspended. To keep it, your 2023 RFR, the one which will appear on your next tax notice, will need to be lower than the threshold updated in one year, at the start of 2025.