Income tax - Savings and investment income

Verified 12 March 2026 - Public Service / Directorate of Legal and Administrative Information (Prime Minister)

Income tax: 2026 income tax return for 2025

This page is up to date with the finance law for 2026 published in the Official Journal of 20 February.

However, forms, online services and information materials are not yet available for the 2026 tax year of the 2025 tax return. They will be put online as soon as they are available.

Do you receive investment income and want to know how to report it? Regulated savings accounts (Livret A, livret de développement durable, etc.) are exempt from tax. For other investments, taxation varies depending on whether they are fixed (bonds, debt securities, etc.) or variable (shares and business shares). Special plans are provided for certain investments, in particular for {circumflex over (B)} and life insurance. We present you the information you need to know about your 2025 and 2026 investment income.

What applies to you ?

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Revenues 2025

These revenues are to be declared at the time of 2026 return on your 2025 income.

Taxable income

Income from the following investments is taxable :

  • Government bonds and borrowings
  • Bonds issued by legal entities governed by public law (department, municipality, etc.)
  • Deposit accounts and term accounts
  • Taxed bank accounts
  • Treasury bills and cash bills
  • Negotiable debt securities (commercial paper, certificate of deposit, etc.)
  • Units of debt mutual funds.

Taxation

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Declaration

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Taxable income

Income earned per share and business shares subject to the tax on businesses are taxable.

These revenues are called, as appropriate, dividends or income distributed.

Taxation

The dividends are subject to tax. To determine the value, you can choose between flat tax and the progressive scale.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

You can apply to be exempted from flat-rate non-liberating levy if your reference tax income of the penultimate year is less than the following:

  • €50,000 if you are single
  • €75,000 for a married or former couple subject to joint taxation.

For income received in 2025, this is the reference tax income for 2023.

The application must be sent to the financial institution that pays you the income no later than November 30 of the year preceding the year of payment (November 30, 2025 for an exemption in 2026).

In general, the institution sends you a completed sworn form to return if you meet the conditions.

Declaration

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Taxation depends on the opening date of your ELP:

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PEL open since 2018

Interest earned in 2025 is taxable.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

PEL opened before 2018

Taxation depends on the age of your ELP:

ELPs 12 years of age or younger

The interest of an ELP under 12 years of age is exempt.

PEL open for more than 12 years

Interest earned in 2025 is taxable.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Declaration

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Taxation depends on the opening date of your CEL:

Répondez aux questions successives et les réponses s’afficheront automatiquement

CEL since 2018

Interest earned in 2025 is taxable.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Declaration

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

CEL open before 2018

The interests of a CEL opened before 1er January 2018 are exempt.

Taxation of income (dividends and capital gains) of the PEA depends on your withdrawal date.

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Withdrawal or redemption after 5 years

AEP Revenues

In the absence of withdrawal or redemption within 5 years of your 1er payout, you are exempt of income tax.

However, the exemption of income from unlisted securities held in an PEA is limited each year to 10% the amount of those securities.

FYI  

AEP revenues are subject to social levies (CSG, CRDS).

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Life annuity outing

The life annuity paid after the expiry of the 5e EAP Year is exempt of income tax.

FYI  

The life annuity is subject to social levies (CSG, CRDS).

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Withdrawal or redemption before 5 years

If you have made a withdrawal or redemption before the 5 years of your PEA, the net gain realized since the opening of the plan is imposed.

The net gain is the difference between the following amounts:

  • Net asset value of the PEA at the date of withdrawal
  • Payments made to the plan since it was opened.

You can choose one of the following 2 taxation methods:

The single flat-rate levy consists of income tax (12.8%) and social levies.

You can opt for the progressive scale of income tax, according to your marginal tax bracket.

You will have to pay the social levies.

In some situations, early withdrawals benefit from a exemption, in particular in the following cases:

  • Death of the Plan Holder
  • Allocation of funds to finance the creation or takeover of a company, subject to conditions.

Please note

Social levies (CSG, CRDS) remain due.

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

The amounts paid by your employer in application of an employee savings plan are exempt of income tax.

FYI  

Movable income is subject to social levies (CSG, CRDS) except for exceptions.

Taxation of life insurance contracts depends on the age of the contract at the time of withdrawal and the date of payment of the premiums.

FYI  

Life insurance earnings are subject to social levies (CSG, CRDS)

The Climate Futures Savings Plan (PEAC) is reserved for young people under the age of 21 who reside in France.

It allows investment in financial securities of businesses or organizations that finance projects in the field of ecological transition.

Amounts saved in the PEAC can generate gains when the value of the financial securities in which they were invested increases.

These gains are exempt from tax on income and social security contributions.

FYI  

You must indicate the amount of your exempt earnings on your tax return.

Income from the following investments is exempt of income tax:

  • Booklet A
  • Young booklet
  • People's Savings Account (LEP)
  • Sustainable Development Booklet (LDD).

FYI  

These revenues are exempt of social levies.

Taxation at the exit of the retirement savings contract depends on the type of retirement savings contract subscribed:

Taxation also depends on the following:

  • Payment in annuity or in capital
  • Retirement exit or early exit
  • Tax deduction of contributions made or no tax deduction of such contributions.

Revenues 2026

This income is not to be reported on your 2026 return on your 2025 income.

They must be declared at the 2027 return of your 2026 income.

FYI  

The rate of social security contributions on investment income is increased to 18.6% from 1er January 2026. However, special rules may apply to certain investments, in particular for situations (gains or payments) before 2018. Ask your financial institution for more information.

Taxable income

Income from the following investments is taxable :

  • Government bonds and borrowings
  • Bonds issued by legal entities governed by public law (department, municipality, etc.)
  • Deposit accounts and term accounts
  • Taxed bank accounts
  • Treasury bills and cash bills
  • Negotiable debt securities (commercial paper, certificate of deposit, etc.)
  • Units of debt mutual funds.

Taxation

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Please note

For your 2026 (to be reported in 2027) and subsequent years' revenues, you may opt out of the progressive scale option (in the time limit for complaint or being checked), if this is ultimately unfavorable to you.

You can apply to be exempted from flat-rate non-liberating levy if your reference tax income of the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or former couple subject to joint taxation.

For income received in 2026, this is the reference tax income for 2024.

The application must be sent to the financial institution that pays you the income no later than November 30 of the year preceding the year of payment (November 30, 2026 for an exemption in 2027).

In general, the institution sends you a completed sworn form to return if you meet the conditions.

Taxable income

Income earned per share and business shares subject to the tax on businesses are taxable.

These revenues are called, as appropriate, dividends or income distributed.

Taxation

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Please note

For your 2026 (to be reported in 2027) and subsequent years' revenues, you may opt out of the progressive scale option (in the time limit for complaint or being checked), if this is ultimately unfavorable to you.

You can apply to be exempted from flat-rate non-liberating levy if your reference tax income of the penultimate year is less than the following:

  • €50,000 if you are single
  • €75,000 for a married or former couple subject to joint taxation.

For income received in 2026, this is the reference tax income for 2024.

The application must be sent to the financial institution that pays you the income no later than November 30 of the year preceding the year of payment (November 30, 2026 for an exemption in 2027).

In general, the institution sends you a completed sworn form to return if you meet the conditions.

Taxation depends on the opening date of your ELP:

Répondez aux questions successives et les réponses s’afficheront automatiquement

PEL open since 2018

Interest earned in 2026 is taxable.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Please note

For your 2026 (to be reported in 2027) and subsequent years' revenues, you may opt out of the progressive scale option (in the time limit for complaint or being checked), if this is ultimately unfavorable to you.

PEL opened before 2018

Taxation depends on the age of your ELP:

ELPs 12 years of age or younger

The interest of an ELP under 12 years of age is exempt.

PEL open for more than 12 years

Interest earned in 2025 is taxable.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Please note

For your 2026 (to be reported in 2027) and subsequent years' revenues, you may opt out of the progressive scale option (in the time limit for complaint or being checked), if this is ultimately unfavorable to you.

Taxation depends on the opening date of your CEL:

Répondez aux questions successives et les réponses s’afficheront automatiquement

CEL since 2018

Interest earned in 2026 is taxable.

You can opt for one of the following taxation schemes:

  • Single flat-rate levy (PFU, also called flat tax)
  • ₪on income.

If you do not specify your choice, your income is subject to the PFU.

The single flat-rate levy consists of income tax (12.8%) and social levies.

If you opt for PFU, you cannot not benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

If you choose the progressive scale of income tax, your movable income will be taxed according to your marginal tax bracket.

You will also have to pay the social levies.

Opting for progressive taxation allows you to benefit from the following advantages:

  • Abatement of 40% on the dividends
  • Deductibility of part of the CSG: titleContent
  • Deductibility of fees and charges.

The option applies to all your movable income and capital gains from disposals of securities.

Please note

For your 2026 (to be reported in 2027) and subsequent years' revenues, you may opt out of the progressive scale option (in the time limit for complaint or being checked), if this is ultimately unfavorable to you.

CEL open before 2018

The interests of a CEL opened before 1er January 2018 are exempt.

Taxation of income (dividends and capital gains) of the PEA depends on the date of your withdrawal:

Répondez aux questions successives et les réponses s’afficheront automatiquement

Withdrawal or redemption after 5 years

AEP Revenues

In the absence of withdrawal or redemption within 5 years of your 1er payout, you are exempt of income tax.

However, the exemption of income from unlisted securities held in an PEA is limited each year to 10% the amount of those securities.

FYI  

AEP revenues are subject to social levies (CSG, CRDS).

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Life annuity outing

The life annuity paid after the expiry of the 5e EAP Year is exempt of income tax.

FYI  

The life annuity is subject to social levies (CSG, CRDS).

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

Withdrawal or redemption before 5 years

If you have made a withdrawal or redemption before the 5 years of your PEA, the net gain realized since the opening of the plan is imposed.

The net gain is the difference between the following amounts:

  • Net asset value of the PEA at the date of withdrawal
  • Payments made to the plan since it was opened.

You can choose one of the following 2 taxation methods:

The single flat-rate levy consists of income tax (12.8%) and social levies.

You can opt for the progressive scale of income tax, according to your marginal tax bracket.

You will have to pay the social levies.

In some situations, early withdrawals benefit from a exemption, in particular in the following cases:

  • Death of the Plan Holder
  • Allocation of funds to finance the creation or takeover of a company, subject to conditions.

Please note

Social levies (CSG, CRDS) remain due.

To make your tax return, you can consult the following documents:

If a pre-filled amount is inaccurate, you must correct or complete it.

The amounts paid by your employer in application of an employee savings plan are exempt of income tax.

FYI  

Movable income is subject to social levies (CSG, CRDS) except for exceptions.

Taxation of life insurance contracts depends on the age of the contract at the time of withdrawal and the date of payment of the premiums.

FYI  

Life insurance earnings are subject to social levies (CSG, CRDS).

The Climate Futures Savings Plan (PEAC) is reserved for young people under the age of 21 who reside in France.

It allows investment in financial securities of businesses or organizations that finance projects in the field of ecological transition.

Amounts saved in the Climate Future Savings Plan (PEAC) can generate gains, as the value of the financial securities in which these sums have been invested increases.

These gains are exempt from tax on income and social security contributions.

FYI  

You must indicate the amount of your exempt earnings on your tax return.

Income from the following investments is exempt of income tax:

  • Booklet A
  • Young booklet
  • People's Savings Account (LEP)
  • Sustainable Development Booklet (LDD).

FYI  

These revenues are exempt of social levies.

Taxation at the exit of the retirement savings contract depends on the type of retirement savings contract subscribed:

Taxation also depends on the following:

  • Payment in annuity or in capital
  • Retirement exit or early exit
  • Tax deduction of contributions made or no tax deduction of such contributions.

Who can help me?

Find who can answer your questions in your region

  • For general information

    By phone:

    0809 401 401

    Monday to Friday from 8:30 am to 7 pm, excluding public holidays.

    Free service + price call

  • To contact the local service managing your file

    Tax department (treasury, tax department...)

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