Retirement savings plan ()

Verified 18 June 2026 - Public Service / (Prime Minister), Ministry of Finance

The : titleContent is a retirement savings product available since 1er October 2019. It is gradually replacing other retirement savings plans. There are 3 types of treatment: one individual and two company. The individual successor to the Perp: titleContent and at Madelin contract. The collective company (also called Pereco or Perecol) succeeds the Perco: titleContent. The compulsory company period succeeds the contract article 83. You can transfer savings from old plans already opened to your new one.

What applies to you ?

Veuillez patienter pendant le chargement de la page

individual 

The individual is open to all. You can take it out with a financial institution or insurance company. This new plan succeeds the PERP and the Madelin contract, which have not been offered since the 1ster October 2020. Your savings on the Perp and Madelin can be transferred to the individual account at your request. This contract entitles you to tax benefits and your rights are transferable to others. There are cases of early release.

Individual savings products (also known as PERIN or PERI) are long-term savings products. It is entirely funded by your payments, without help from your employer.

It allows you to save during your working life to get, from retirement age, a capital or a annuity.

The plan leads to the opening of a securities account (a bank account) or the adherence to a group insurance contract (an insurance contract).

Since 1er in january 2024, you must be 18 years old to be able to open an individual.

He is not more possible to open an individual for a minor child since the marketing of climate future savings plan. Those already open before 1er January 2024 on behalf of a minor child remain open, but it is no longer possible to make payments until the child reaches the age of 18.

To open an individual, there is no condition related to the professional situation. Any individual (over 18 years of age) can save on an individual: employee, head of company, self-employed, self-employed, self-employed, jobseeker, unemployed or retired.

There is no age limit. But you have to have your legal capacity.

FYI  

One protected major may not subscribe to an individual. Depending on the situation, he will need to be assisted (if placed under curatorship) or represented (if placed under guardianship, under family empowerment or under future protection mandate). The is a long-term financial investment that has consequences on the protected person's assets. The opening of a {circumflex over (x)} on behalf of a protected adult is act of disposition which must be authorized by the judge.

The individual can be opened in one of the following 2 forms: either the banking (also called investment) or the insurance premium.

Répondez aux questions successives et les réponses s’afficheront automatiquement

banking or investment

The bank account shall give rise to the opening of a securities account . It must be subscribed through a specialist business. This is a business that is a service provider authorized to carry out investment advice (banking institution, financial investment company).

of insurance

The insurance policy shall give rise to the membership of a group insurance contract. It allows investment supports in euro fund and in units of account, with a functioning similar to life insurance.

It must be subscribed through a specialist business. It is an association that subscribes to group life insurance policies (issued by an insurance company, a mutual or a provident society).

It can also be subscribed with a supplementary occupational pension fund.

FYI  

The insurance scheme allows beneficiaries to be designated in the event of death. It benefits from a tax system similar to life insurance.

Origin of funds

Each, whether individual or collective, is organized into 3 separate compartments according to the origin of the funds that feed it :

  • Compartment No. 1 (individual compartment) receives voluntary payments from the plan holder. Within this compartment, in order to determine the taxation applicable at the exit from the plan, the managing bodies distinguish two categories of payments:
    • voluntary payments deductible from the plan holder's taxable income,
    • and voluntary payments for which the holder waives a tax deduction at the time of payment.
  • Compartment No. 2 (collective compartment) shall be funded by payments from the employer of the holder of the plan. It welcomes money from employee savings.
  • Compartment No. 3 (category compartment) collects the employer's compulsory contributions, possibly supplemented by the employee's compulsory contributions if the company agreement so provides.

FYI  

In the individual compartment, compartment No. 1 is supplied by the voluntary payments by the plan holder.

Compartments No. 2 and No. 3 are supplied exceptionally in the case of a transfer of savings already constituted on another device (for example in the case of a transfer of a company on an individual, or transfer of an old Perco).

Managed Management

Unless otherwise stated by you, the management of the sums paid on the managed management. This means that when retirement is far away, savings can be invested in riskier, more rewarding assets. As retirement age approaches, savings are gradually being channeled into less risky vehicles.

There are 4 investment profiles with a « retirement horizon »: prudent, balanced, dynamic or offensive.

Unless you tell us otherwise, the « balanced retirement horizon » profile will be applied by the manager of your.

Information of the holder

The managing body must provide you with information on the characteristics of the plan, its management method and its taxation at the time of the opening of the

Thereafter, each year, he must give you the following information:

  • Account Evolution
  • Financial performance of investments
  • Amount of fees charged
  • Conditions for transferring plan.

From the 5è year before the year of your retirement, you can ask the manager of the {circumflex over (b)} about exit options that are appropriate for your situation.

The individual is first fed by the voluntary payments that you perform.

In addition, if you transfer from a company to an individual, you can also pay:

  • Amounts from profit-sharing, of participation and abundance from your employer to a company or PERCO
  • Amounts derived from the value-sharing premium (PPV) or the premium derived from the company's value-sharing plan (PPVE)
  • Amounts from a time savings account (CET) and assigned to your company
  • Mandatory payments made on a mandatory company.

Voluntary payments are free and can be scheduled or one-off.

As long as you are done before your 70th birthday, the payments are deductible from taxable income on principle and not deductible on option. The option must be declared to the plan manager at the time of each payment.

There is no cap on voluntary cash payments on the individual, but the amount for which you can benefit from a tax benefit is capped.

FYI  

Since 1er in january 2024, retirement savings plans with a holder under the age of 18 can no longer receive voluntary payments. Those already open will remain blocked until the child reaches the age of majority.

In principle, your individual is blocked until you retire.

But there are cases of early release for "accident of life" and for purchase of the main residence.

Répondez aux questions successives et les réponses s’afficheront automatiquement

General scenario

You can unlock your individual {circumflex over (X)} as soon as possible on the date you receive your retirement pension or when you have reached the legal retirement age (depending on your year of birth).

You then have the choice to request that the savings accumulated in your individual account be paid:

  • either in capital,
  • or in life annuity,
  • or partially in capital and annuity.

The same applies to employee savings (profit-sharing, participation, contributions, value-sharing premium, company valuation-sharing premium, CET days) that may be transferred to your individual account.

The capital can be paid in one or more installments.

However, the capital payment will not be possible if you have already opted definitively to open the plan for a life annuity payment.

Early release case

You can request to recover your savings, in the form of a one-time payment, in advance only in the following cases:

  • Death of spouse or Civil partnership partner of holder of
  • Disability (2nd or 3rd category) of the holder of the -, his children, his spouse, or his Civil partnership partner
  • Serious illness, disability or occurrence of an accident of a particular severity in the dependent child of the holder of the
  • Over-indebtedness of the holder of the ₩(in this case, it is the over-indebtedness commission that must write to the managing body of ₩)
  • Expiry of the unemployment insurance rights of the holder of the - or termination of the office of corporate officer for at least 2 years without employment contract and without pension liquidation in a compulsory old-age insurance scheme
  • Termination of self-employed activity of the holder of the
  • Purchase of the principal residence (but in this case, the rights resulting from compulsory payments remain blocked).

To request the early release of the, you must send a letter, preferably registered, to the managing body, with the following elements:

  • Proof of identity
  • Bank details of the account to which you wish to receive the payment
  • Proof of the exceptional situation of early unblocking that you invoke.

The method of taxation of the capital resulting from the early release depends on the reason for the release and the origin of the sums.

If the release is based on one of the « accident of life » cases, the part of the released capital corresponding to the payments which contributed to the

The share of the released capital corresponding to the gains generated by these payments is subject to the social levies applicable to investment products.

If the release is motivated by the purchase of the main residence, the situation varies depending on whether you have deducted the payments made on the

If you have deducted the payments for tax purposes, the part of the released capital corresponding to the payments shall be taxed on income tax without deduction of 10%, but exempt from social security contributions.

The share of the capital released corresponding to earnings is imposed on the single flat-rate levy (PFU) made by the bank. This levy corresponds to income tax at a flat rate of 12.8% to which social security contributions are added.

If you have not deducted the payments for tax purposes, the share of the released capital corresponding to the payments shall be exempt income tax and social security contributions.

The share of the capital released corresponding to earnings is imposed on the single flat-rate levy (PFU) made by the bank. This levy corresponds to income tax at a flat rate of 12.8% to which social security contributions are added.

Yes, you can keep your ₩after you retire or after you reach the legal retirement age.

The accumulated savings become available in whole or in part, but you do not have to unlock your {circumflex over (x)}. And if your plan doesn't have an age limit, you can continue feeding your individual as long as you haven't already fully liquidated it.

Voluntary payments made to your individual account after you retire or after reaching the statutory retirement age are immediately available and recoverable at any time.

Provided they are made before your 70th birthday, you can choose to make deductible or non-deductible payments of the plate income tax. Until you turn 70, you have a limited tax deduction every year.

Tax advantage on voluntary payments

Warning  

Since 1er January 2026, the payments made on your after your 70th birthday are still possible, but are no longer deductible.

Until you turn 70, feeding your individual allows you to benefit from a tax advantage that consists in reducing the amount of your taxable income.

Indeed, you can deduct from your taxable income of one year, the amounts you paid on your {circumflex over (x)} in the same year. But this deduction is limited.

Example :

You declare €30,000 of taxable income and €1,200 of payments on your behalf.

With the deduction of payments on the {circumflex over ({circumflex over)}, your taxable income goes from €30,000 à €28,800.

This results in a tax cut on income, the amount of which varies depending on the composition of your tax household.

At the time of each voluntary payment, you must tell your pension manager if you choose to deduct your taxable income. If you waive the deduction for the year of the payment, you will benefit from a reduced tax at the time of the individual's withdrawal.

The annual deduction voluntary payments made before age 70 is limited to one individual ceiling determined each year for each member of your tax home.

Répondez aux questions successives et les réponses s’afficheront automatiquement

You are an employee

Your personalized ceiling is calculated by the tax services in several steps.

The deduction limit for pension contributions is equal to 10% of your 2025 business income (net of professional expenses) (with a maximum of €37,680), or to €4,710 if this amount is higher.

This amount is reduced the following:

  • Contributions to supplementary pension schemes made compulsory in the company for employees (employer's share in its non-taxable amount and employee's share in its deductible amount)
  • Employer's contribution to the Group Retirement Savings Plan (Perco), Group company Retirement Savings Plan (Pereco) or Mandatory Retirement Savings Plan (Pero) up to the amount exempt from income tax
  • Entitlements entered in the CET (time savings account) or, in the absence of CET, the monetized, exempt leave days (up to 10 days) allocated by the employee to a Perco, a supplementary company pension plan or a Pereco.

The ceiling is increased the unused deduction limit (or portion thereof) in the previous 5 years, from the oldest to the most recent.

However, the unused part of the ceilings for the years 2024 and 2025 can only be used within 3 years. So until 2027 for the 2024 share and until 2028 for the 2025 share.

The unused portion of the 2026 cap (and subsequent years) can be used within 5 years.

Example :

You didn't use your full deduction limit in 2024 and 2025.

Your 2026 contributions are deducted as a priority from your 2026 limit.

The amount that exceeds your 2026 cap is deducted from the remaining portion of your 2024 cap and then from the remaining portion of your 2025 cap.

The personalized ceiling applicable to your contributions paid in 2026 will be indicated on your tax notice 2026 (on 2025 revenues).

It is the sum of the cap calculated on your 2025 income and the unused caps calculated on previous years' income.

You are unemployed or retired without professional income

The ceiling is €4,710.

The ceiling is increased the unused deduction limit (or portion thereof) in the previous 5 years, from the oldest to the most recent.

However, the unused part of the ceilings for the years 2024 and 2025 can only be used within 3 years. So until 2027 for the 2024 share and until 2028 for the 2025 share.

The unused portion of the 2026 cap (and subsequent years) can be used within 5 years.

Example :

You didn't use your full deduction limit in 2024 and 2025.

Your 2026 contributions are deducted as a priority from your 2026 limit.

The amount that exceeds your 2026 cap is deducted from the remaining portion of your 2024 cap and then from the remaining portion of your 2025 cap.

The personalized ceiling applicable to your contributions paid in 2026 will be indicated on your tax notice 2026 (on 2025 revenues).

It is the sum of the cap calculated on your 2025 revenues and the unused caps calculated on previous years' revenues.

FYI  

Of special rules apply to self-employed persons.

Taxation of annuity or capital

The tax regime of the annuity or capital is different depending on whether you have deducted voluntary payments from your taxable income:

Répondez aux questions successives et les réponses s’afficheront automatiquement

You deducted the payments from your taxable income

The rules differ depending on the situation:

Annuity release
In 2025

The annuity from voluntary payments already deducted is taxable at income tax, in accordance with the rules applicable to retirement pensions.

The amount of the pension must be declared and is in addition to your taxable income in the category of pensions, pensions and annuities. On all income in this category, the tax administration automatically applies a abatement from 10%within the limit of an annual ceiling per tax household.

Of social levies shall also apply on a fraction of the pension. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The portion of the annuity taxable to social security contributions is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

For annuities paid in 2025, the social security contributions on investment income is of 17.2%

From 2026

The annuity from voluntary payments already deducted is taxable at income tax, in accordance with the rules applicable to retirement pensions.

The amount of the pension must be declared and is in addition to your taxable income in the category of pensions, pensions and annuities. On all income in this category, the tax administration automatically applies a abatement from 10%within the limit of an annual ceiling per tax household.

Of social levies shall also apply on a fraction of the pension. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The portion of the annuity taxable to social security contributions is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The rate of social security contributions on investment income is of 18.6%, applicable to annuities paid from 1er January 2026.

Capital outflow
In 2025

The share of capital corresponding to the accumulation of voluntary payments shall be imposed on progressive scale of income taxwithout social security contributions.

In practice, the share of capital corresponding to your voluntary payments (already deducted from your taxable income in the year of the payments) is added to your taxable income in the year of exit, in the category of retirement pensions. This share of capital is taxable without the deduction of 10%.

The share of capital corresponding to the interest generated by the contract is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest received up to 31 December 2025, the overall rate of the flat-rate levy applied by the bank shall be 30%, corresponding to 12.8% in respect of income tax and 17.2% under the social security contributions on investment income.

From 2026

The share of capital corresponding to the accumulation of voluntary payments shall be imposed on progressive scale of income taxwithout social security contributions.

In practice, the share of capital corresponding to your voluntary payments (already deducted from your taxable income in the year of the payments) is added to your taxable income in the year of exit, in the category of retirement pensions. This share of capital is taxable without the deduction of 10%.

The share of capital corresponding to the interest generated by the contract is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment income.

The flat-rate non-derogatory levy of 12.8% is paid as income tax at the time interest is paid.

You can apply to be exempt from the flat-rate levy if your reference tax income for the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or entered into a civil partnership couple subject to common taxation.

For an exemption request made in 2026, your 2024 reference tax income must be taken into account. The request must be sent to the financial institution that pays you the interest at the latest at the time of collection.

In general, the financial institution provides a completed sworn return form if you meet the conditions. If you have a personal space set up by your manager, the waiver request can be made in electronic format.

You did not deduct the payments from your taxable income

The rules differ depending on the situation:

Annuity release

The annuity is taxable at income tax according to the applicable rules life annuities for consideration. It is a tax system that deals only with a fraction of the pension and which takes into account your age at the date of the release of the pension.

Thus, your age as of 1er payment of the annuity determines the taxable portion of the annuity, this portion is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The taxable fraction of the annuity is also subject to social levies on wealth income at the rate of 18.6%.

Capital outflow
In 2025

The share of capital corresponding to accumulating your voluntary payments (not deducted from your taxable income in the year of payments) is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated by the contract is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest received up to 31 December 2025, the overall rate of the flat-rate levy applied by the bank shall be 30%, corresponding to 12.8% in respect of income tax and 17.2% for social security contributions.

From 2026

The share of capital corresponding to accumulating your voluntary payments (not deducted from your taxable income in the year of payments) is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated by the contract is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment income.

The flat-rate non-derogatory levy of 12.8% is paid as income tax at the time interest is paid.

You can apply to be exempt from the flat-rate levy if your reference tax income for the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or entered into a civil partnership couple subject to common taxation.

For an exemption request made in 2026, your 2024 reference tax income must be taken into account. The request must be sent to the financial institution that pays you the interest at the latest at the time of collection.

In general, the financial institution provides a completed sworn return form if you meet the conditions. If you have a personal space set up by your manager, the waiver request can be made in electronic format.

If you die before you unlock your {circumflex over}, the plan will be closed. Savings must be paid to your heirs or beneficiaries that you have designated in the contract, in the form of capital or annuity.

If you die while the {circumflex over (θ)} was already unlocked and you receive a life annuity, sums that have not yet been paid to you may be transferred provided that you have provided for the reversion from the annuity to an already designated beneficiary. If the life annuity is not reversible, the remaining savings will not be distributed.

Following your death, the taxation of the amounts that will be passed on to your heirs or beneficiaries depends on the nature of the plan.

banking or investment

If it is a plan opened in the form of a securities account, the sums saved and transferred shall be incorporated into theestate assets and taxed according to inheritance tax.

of insurance

If it is a plan that has led to the adherence to a group insurance contract, the sums saved and transferred are taxed according to rules similar to life insurance.

The situation varies depending on whether the death of the holder of the

Répondez aux questions successives et les réponses s’afficheront automatiquement

Deaths before age 70

One abatement from €152,500 shall be applied to the sums due to each beneficiary.

The balance is subject to a direct debit of 20% by share taxable amount payable to each beneficiary less than or equal to €700,000.

The taxable share of each beneficiary greater than €700,000 is subject to a levy of 31.25%.

Death after 70 years

Amounts paid by the insurer (savings and earnings) are subject to inheritance tax after application of a abatement from €30,500.

This allowance is global and must be shared between the beneficiaries and distributed according to their share in the taxable sums.

Inheritance tax is calculated on the basis of the relationship between each beneficiary and the holder of the deceased.

Répondez aux questions successives et les réponses s’afficheront automatiquement

Transfer of old savings products to the individual

You can transfer retirement savings products that existed before 1er october 2019 on individual:

  • PEOPLE'S RETIREMENT SAVINGS PLAN - PERP
  • Madelin contract
  • Prefon
  • GROUP RETIREMENT SAVINGS PLAN - PERCO
  • Mutual pension supplement - Corem
  • Hospital Retirement Supplement - CRH
  • Contract article 83.

If you have held the product for less than 10 years, the transfer fee may be charged up to a maximum of 5% of the accumulated savings.

The transfer must be made within a maximum period of 4 months.

In case of delay, you can refer the matter to the Ombudsman of the Autorité des marchés financiers.

Who shall I contact

  • If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.

    Be careful : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.

    By courier

    Access to contact form

    By post

    Ombudsman of the Autorité des marchés financiers

    17 place de la Bourse

    75082 PARIS CEDEX 02

    By phone

    01 53 45 60 00

FYI  

The tax advantage linked to the transfer of an insurance contract of more than 8 years to a abatements related to detention) ceased on 31 December 2022.

Transfer from individual to another

You can transfer the accumulated savings on the individual {circumflex over (x)} to all other {circumflex over (x)}.

The transfer is free if you have held the product for at least 5 years or if the transfer takes place after the expiry of the plan.

If you have held the product for less than 5 years, the transfer fee may be charged, up to a limit of 1% of the accumulated savings.

From the receipt of the transfer request and the supporting documents, the plan manager shall have a period of 2 months to transmit to the new manager the information necessary to carry out the transfer.

In case of delay, you can refer the matter to the Ombudsman of the Autorité des marchés financiers.

Who shall I contact

  • If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.

    Be careful : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.

    By courier

    Access to contact form

    By post

    Ombudsman of the Autorité des marchés financiers

    17 place de la Bourse

    75082 PARIS CEDEX 02

    By phone

    01 53 45 60 00

of collective company

The collective company plan (also called PERECO or PERECOL) is a plan open to all employees of a company, without obligation to subscribe. This new product succeeds the Perco, which can no longer be implemented since the 1er October 2020. Your company can turn the Perco into a collective company. The new plan entitles you to tax benefits and your rights are transferable to others. The plan's deadline is the retirement age, but with cases of early release.

The collective company fund (also called PERECO or PERECOL) is a long-term savings product. It allows you to save during your period of activity to get, with the help of your company, a capital or a annuity at retirement age. The implementation of this plan by the company is optional.

All companies can offer a collective company to their employees, even if they do not have a company savings plan (PEES).

The plan must be open to all employees. However, a seniority condition may be required (3 months maximum).

Membership is optional, but the regulation may provide for automatic membership of all employees. In this case, you must be informed of your membership, under the conditions provided for by the regulation. You then have 15 days to let it be known that you refuse to adhere to the plan.

If you change your company, you can transfer your collective company:

  • in the {circumflex over} of your new business
  • or in an individual.

FYI  

In a company with fewer than 250 employees, the Civil partnership or partner of the head of company who has the status of employee may also benefit from the collective company.

The collective company system can be set up at company level, or in a business-to-business framework.

The plan can be set up on the initiative of the company's managers or by agreement with employee representatives. Where there is at least one trade union representative or a social and economic committee in the company (CSE), the employer is obliged to conduct prior negotiations with them before creating the plan.

The company may choose to combine the voluntary group savings plan and the mandatory group savings plan into a single plan. Older savings plans, such as Perco and Article 83, can be transferred into a single plan.

Origin of funds

Each, whether individual or collective, is organized into 3 separate compartments according to the origin of the funds that feed it :

  • Compartment No. 1 (individual compartment) receives voluntary payments from the plan holder. Within this compartment, in order to determine the taxation applicable at the exit from the plan, the managing bodies distinguish two categories of payments:
    • voluntary payments deductible from the plan holder's taxable income,
    • and voluntary payments for which the holder waives a tax deduction at the time of payment.
  • Compartment No. 2 (collective compartment) shall be funded by payments from the employer of the holder of the plan. It welcomes money from employee savings.
  • Compartment No. 3 (category compartment) collects the employer's compulsory contributions, possibly supplemented by the employee's compulsory contributions if the company agreement so provides.

Managed Management

Unless otherwise specified by you, the management of the sums paid on the This means that when retirement is far away, savings can be invested in riskier, more rewarding assets. As retirement age approaches, savings are gradually being channeled into less risky vehicles.

The collective company fund must offer you at least one alternative investment vehicle, which allows you to invest in a solidarity fund.

There are 4 investment profiles with a « retirement horizon »: prudent, balanced, dynamic or offensive.

Unless you tell us otherwise, the « balanced retirement horizon » profile will be applied by the manager of your.

Information of the employee

When you are hired, the employer must give you an employee savings account indicating the measures implemented in the company.

If the company has set up a collective company plan, it must provide you with a by-law that informs you of the plan and its content.

Each year, the manager must give you the following information:

  • Evolution of savings
  • Financial performance of investments
  • Amount of fees charged
  • Conditions for transferring plan.

From the 5e In the year before your retirement age, you can ask the manager of the {tilde over (B)} about exit options that are appropriate for your situation.

Payments by the employee

You can fund your collective company with:

  • Voluntary payments
  • Amounts from profit-sharing
  • Amounts from the participation
  • Payments of all or part of the value-sharing premium (PPV) or the premium resulting from the company's value-sharing plan (PPVE)
  • Rights on a time savings account (CET) based on the value of the corresponding leave with pay allowance
  • In the absence of CET, amounts corresponding to days of rest not taken, up to a limit of 10 per year.

You can also transfer funds from another company, individual or other retirement savings products (PERP, Madelin, Perco, etc.) to your collective company account.

As long as you work in the company, the costs of managing the collective are covered by your employer.

There is no cap on voluntary payments on the CEECP, but the annual amount you can deduct from your taxable income is capped.

Payments by employer

The collective company fund may be funded by additional payments from the company, called abundances. The contribution may not exceed 3 times the amount you paid yourself, nor be greater than €7,690.

In addition, even in the absence of payment from the employee, if the plan's regulations so provide, the company may make an initial and periodic payment.

In principle, the amounts paid on a Pereco are blocked until the date you receive your retirement pension or until the legal retirement age.

You can recover the savings in advance, in the form of a one-time payment, only in the following cases:

  • Death of spouse or Civil partnership partner of holder of
  • Disability (2nd or 3rd category) of the holder of the -, his children, his spouse, or his Civil partnership partner
  • Serious illness, disability or occurrence of an accident of a particular severity in the dependent child of the holder of the
  • Over-indebtedness of the holder of the ₩(in this case, it is the over-indebtedness commission that must write to the managing body of ₩)
  • Expiry of the unemployment insurance rights of the holder of the - or termination of the office of corporate officer for at least 2 years without employment contract and without pension liquidation in a compulsory old-age insurance scheme
  • Termination of self-employed activity of the holder of the
  • Purchase of the principal residence (but in this case, the rights resulting from compulsory payments remain blocked).

Your collective company can be unlocked as soon as possible on the date you receive your retirement pension or when you have reached the legal retirement age (depending on your year of birth).

You can request that the savings resulting from the payments into your {circumflex over (Y)} be paid:

  • either in capital,
  • either as a life annuity,
  • or partially in capital and annuity.

Savings from compulsory payments into a company pension fund are paid only as an annuity.

But if the monthly amount of the annuity does not exceed €110, the annuity may be converted into capital by mutual agreement between the insurer and the beneficiary of the annuity.

This possibility of conversion (or redemption) exists at the time of the release of the {circumflex over ({circumflex over)} or even later when these low annuities are already being paid.

Répondez aux questions successives et les réponses s’afficheront automatiquement

Transfer of old savings products to Pereco

You can transfer retirement savings products that existed before 1er october 2019 on collective company:

  • PEOPLE'S RETIREMENT SAVINGS PLAN - PERP
  • Madelin contract
  • Prefon
  • GROUP RETIREMENT SAVINGS PLAN - PERCO
  • Mutual pension supplement - Corem
  • Hospital Retirement Supplement - CRH
  • Contract article 83.

The transfer must be made within a maximum period of 4 months.

In case of delay, you can refer the matter to the Ombudsman of the Autorité des marchés financiers.

Who shall I contact

  • If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.

    Be careful : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.

    By courier

    Access to contact form

    By post

    Ombudsman of the Autorité des marchés financiers

    17 place de la Bourse

    75082 PARIS CEDEX 02

    By phone

    01 53 45 60 00

In the event of a transfer of savings on a Perco to a collective company savings plan, the social security contributions in force at the time of the deposits are retained.

FYI  

The tax advantage linked to the transfer of an insurance contract of more than 8 years to a abatements related to detention) ceased on 31 December 2022.

Transfer of the collective company to another

You can transfer the accumulated savings on the collective company account to all other accounts. The transfer is possible at any time when you have left the company.

If you are still in the company, the transfer is also possible, but up to one transfer every 3 years.

The transfer is free if you have owned the product for at least 5 years. If you have owned the product less than 5 years, the transfer fee may be charged to you, up to a maximum of 1% of the outstanding amount.

The transfer must take place within a maximum of 3 months.

In case of delay, you can refer the matter to the Ombudsman of the Autorité des marchés financiers.

Who shall I contact

  • If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.

    Be careful : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.

    By courier

    Access to contact form

    By post

    Ombudsman of the Autorité des marchés financiers

    17 place de la Bourse

    75082 PARIS CEDEX 02

    By phone

    01 53 45 60 00

Taxation at entry

As long as they are completed before your 70th birthday, the voluntary payments you make to a company-owned entity in a year are deductible of your taxable income for this year. This deduction shall not exceed an amount fixed for each member of the tax home.

In 2026, the deductible limit of your taxable income is equal to the greater of the following 2 amounts:

  • 10% of 2025 employment income, net of social security contributions and employment expenses, with a maximum deduction of €37,680,
  • or €4,710 if this amount is higher.

If you do not deduct voluntary payments from your taxable income, you will be taxed only on capital gains at the time of the liquidation savings.

Amounts and entitlements from employee savings in company (profit-sharing, participation, sharing of value, employer contributions) voluntarily allocated in your company savings account are exempt from income tax.

Taxation at exit

Output taxation depends on the nature of the payments that have fed the liquidation savings (annuity or capital):

Répondez aux questions successives et les réponses s’afficheront automatiquement

Voluntary payments tax deducted

Annuity release
In 2025

The annuity from voluntary payments already deducted is taxable at income tax, in accordance with the rules applicable to retirement pensions.

The amount of the pension must be declared and is in addition to your taxable income in the category of pensions, pensions and annuities. On all income in this category, the tax administration automatically applies a abatement from 10%within the limit of an annual ceiling per tax household.

Of social levies shall also apply on a fraction of the pension. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The portion of the annuity taxable to social security contributions is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

For annuities paid in 2025, the social security contributions on investment income is of 17.2%.

From 2026

The annuity from voluntary payments already deducted is taxable at income tax, in accordance with the rules applicable to retirement pensions.

The amount of the pension must be declared and is in addition to your taxable income in the category of pensions, pensions and annuities. On all income in this category, the tax administration automatically applies a abatement from 10%within the limit of an annual ceiling per tax household.

Of social levies shall also apply on a fraction of the pension. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The portion of the annuity taxable to social security contributions is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The rate of social security contributions on investment income is of 18.6%, applicable to annuities paid from 1er January 2026.

Capital outflow
In 2025

The share of capital corresponding to the accumulation of voluntary payments shall be imposed on progressive scale of income taxwithout social security contributions.

In practice, the share of capital corresponding to your voluntary payments (already deducted from your taxable income in the year of the payments) is added to your taxable income in the year of exit, in the category of retirement pensions. This share of capital is taxable without the deduction of 10%.

The share of capital corresponding to the interest generated by the contract is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest received up to 31 December 2025, the overall rate of the flat-rate levy applied by the bank shall be 30%, corresponding to 12.8% in respect of income tax and 17.2% under the social security contributions on investment income.

From 2026

The share of capital corresponding to the accumulation of voluntary payments shall be imposed on progressive scale of income taxwithout social security contributions.

In practice, the share of capital corresponding to your voluntary payments (already deducted from your taxable income in the year of the payments) is added to your taxable income in the year of exit, in the category of retirement pensions. This share of capital is taxable without the deduction of 10%.

The share of capital corresponding to the interest generated by the contract is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment income.

The flat-rate non-derogatory levy of 12.8% is paid as income tax at the time interest is paid.

You can apply to be exempt from the flat-rate levy if your reference tax income for the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or entered into a civil partnership couple subject to common taxation.

For an exemption request made in 2026, your 2024 reference tax income must be taken into account. The request must be sent to the financial institution that pays you the interest at the latest at the time of collection.

In general, the financial institution provides a completed sworn return form if you meet the conditions. If you have a personal space set up by your manager, the waiver request can be made in electronic format.

Voluntary payments not tax deducted

Annuity release

The annuity is taxable at income tax according to the applicable rules life annuities for consideration. It is a tax system that deals only with a fraction of the pension and which takes into account your age at the date of the release of the pension.

Thus, your age as of 1er payment of the annuity determines the taxable portion of the annuity, this portion is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The taxable fraction of the annuity is also subject to social levies on wealth income at the rate of 18.6%.

Capital outflow
In 2025

The share of capital corresponding to accumulating your voluntary payments (not deducted from your taxable income in the year of payments) is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated by the contract is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest received up to 31 December 2025, the overall rate of the flat-rate levy applied by the bank shall be 30%, corresponding to 12.8% in respect of income tax and 17.2% under the social security contributions on investment income.

From 2026

The share of capital corresponding to accumulating your voluntary payments (not deducted from your taxable income in the year of payments) is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated by the contract is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment income.

The flat-rate non-derogatory levy of 12.8% is paid as income tax at the time interest is paid.

You can apply to be exempt from the flat-rate levy if your reference tax income for the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or entered into a civil partnership couple subject to common taxation.

For an exemption request made in 2026, your 2024 reference tax income must be taken into account. The request must be sent to the financial institution that pays you the interest at the latest at the time of collection.

In general, the financial institution provides a completed sworn return form if you meet the conditions. If you have a personal space set up by your manager, the waiver request can be made in electronic format.

Company payments from employee savings plans

Company payments from employee savings (profit-sharing, participation, employer contributions) can be liquidated as an annuity or as capital:

Annuity release

The annuity corresponding to the payments from employee savings is taxable to income tax according to the rules applicable to Life annuities for consideration. It is a tax system that deals only with a fraction of the pension and which takes into account your age at the date of the release of the pension.

Thus, your age as of 1erpayment of the annuity determines the taxable portion of the annuity, this portion is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The taxable portion of the annuity is also subject to social levies on wealth income at the rate of 18.6%.

Capital outflow

The share of capital corresponding to payments from employee savings schemes is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated on the plan is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment products.

Mandatory payments

Savings from compulsory payments into a company pension fund are paid only as an annuity.

The annuity shall be taxed on income tax in accordance with rules applicable to retirement pensions. It is also subject to social security contributions.

But if the monthly amount of the annuity does not exceed €110, the annuity may be converted by mutual agreement between the insurer and the beneficiary of the annuity.

This possibility of conversion exists at the time of the release of the {circumflex over (X)} or even after when the annuities are already being paid.

In this case, the share of capital corresponding to mandatory company payments is subject to income tax in the category of pensions and retirement, but without the application of the 10%.

The share of capital corresponding to earnings is subject to the PFU (single flat-rate levy) but with the possibility of an option for the application of the progressive income tax scale.

This levy corresponds to income tax at a flat rate of 12.8% to which social security contributions are added.

If you die, the plan will not be automatically closed.

The money you have saved will be returned to your heirs or beneficiaries that you have designated in the contract, in the form of capital or annuity.

If it is a plan opened in the form of a securities account, the sums saved and transferred shall be incorporated into theestate assets and taxed according to inheritance tax.

If it is a plan that has led to the adherence to a group insurance contract, the sums saved and transferred are taxed according to rules similar to life insurance. The situation varies depending on whether the death of the holder of the certificate occurred before or after 70 years.

Please note

In the event of death after age 70, the sums paid by the insurer (savings and earnings) are subject to the inheritance tax after application of a abatement from €30,500. This allowance is global and must be shared between the beneficiaries and distributed according to their share in the taxable sums. Inheritance tax is calculated on the basis of the relationship between each beneficiary and the holder of the deceased.

mandatory company

The mandatory company plan (also called PERO) is a plan that is open to all employees of a company or reserved for certain categories of employees. The employees concerned have the obligation to subscribe. This plan is the successor to the Article 83 contracts. The mandatory company permit entitles you to tax benefits and your rights are transferable to others. The plan's deadline is the retirement age, but with cases of early release.

The mandatory company plan (also called PERO) is a collective retirement savings plan that can be set up by the company for all its employees or for certain categories of employees. The implementation of this plan by the company is optional.

The categories of employees benefiting from compulsory company must be defined on the basis of objective criteria.

If you are one of these employees, you must subscribe to the plan.

The mandatory company system is set up in a company.

It can be created by

  • decision of the head of company,
  • or ratification of an agreement by the majority of employees
  • or a collective agreement.

The company may choose to combine the voluntary group savings plan and the mandatory group savings plan into a single plan. Older savings plans, such as Perco and Article 83, can be transferred into a single plan.

Managed Management

Unless otherwise specified by you, the management of the sums paid on the This means that when retirement is far away, savings can be invested in riskier, more rewarding assets. As retirement age approaches, savings are gradually being channeled into less risky vehicles.

The collective company fund must offer you at least one alternative investment vehicle, which allows you to invest in a solidarity fund.

Information of the employee

If you are one of the employees eligible for the mandatory company plan, the company must inform you of the mandatory nature of your membership in the plan.

It must also provide you with a regulation that informs you of the existence of the plan and its content.

Each year, the manager must give you the following information:

  • Evolution of savings
  • Financial performance of investments
  • Amount of fees charged
  • Conditions for transferring plan.

From the 5th year before your retirement age, you can ask the manager of the

Payments by the employee

You can fund your mandatory company with:

  • Voluntary payments from you
  • Mandatory payments from you
  • Amounts from the participation and profit-sharing, if the company has a plan in place that benefits all employees
  • Amounts from the transfer of other retirement savings plans
  • Rights on a time savings account (CET)
  • In the absence of CET, amounts corresponding to days of rest not taken, up to a limit of 10 per year.
  • Payments of all or part of the value-sharing premium (PPV) or the premium resulting from the company valuation sharing plan (PPVE).

Payments by employer

The compulsory company pension may be financed by compulsory company payments.

Early release case

You can recover your savings early only in the following cases:

  • Death of spouse or Civil partnership partner of holder of
  • Disability (2nd or 3rd category) of the holder of the -, his children, his spouse, or his Civil partnership partner
  • Serious illness, disability or occurrence of an accident of a particular severity in the dependent child of the holder of the
  • Over-indebtedness of the holder of the ₩(in this case, it is the over-indebtedness commission that must write to the managing body of ₩)
  • Expiry of the unemployment insurance rights of the holder of the - or termination of the office of corporate officer for at least 2 years without employment contract and without pension liquidation in a compulsory old-age insurance scheme
  • Termination of self-employed activity of the holder of the
  • Purchase of the principal residence (but in this case, the rights resulting from compulsory payments remain blocked).

Taxation applicable to capital resulting from early release

The situation varies depending on the reason for the early release:

Répondez aux questions successives et les réponses s’afficheront automatiquement

General scenario

The share of capital corresponding to the payments made on the is exempt from income tax and social security contributions.

The share of capital corresponding to earnings is subject to social security contributions.

Release for the acquisition of the principal residence

The share of capital corresponding to voluntary payments deducted of taxable income is subject to income tax, without the application of the 10%.

The share of capital corresponding to voluntary payments not deducted of taxable income is exempt from income tax. The same applies to employee savings premiums, the rights held in one time savings account (CET) and the days off not taken.

The share of capital corresponding to earnings is subject to the single flat-rate levy (PFU).

The rights resulting from the compulsory payments are necessarily liquidated in the form of life annuity.

The rights arising from other payments (voluntary payments, participation, profit-sharing, CET days, etc.) may be liquidated as an annuity, as capital, partly as an annuity and as capital. Capital withdrawals can be split.

Répondez aux questions successives et les réponses s’afficheront automatiquement

Transfer of former savings products to the mandatory company

Retirement savings products existing before 1er october 2019 may be transferred to the mandatory company:

  • PEOPLE'S RETIREMENT SAVINGS PLAN - PERP
  • Madelin contract
  • Prefon
  • GROUP RETIREMENT SAVINGS PLAN - PERCO
  • Mutual pension supplement - Corem
  • Hospital Retirement Supplement - CRH
  • Contract article 83.

The transfer must be made within a maximum period of 4 months.

In case of delay, you can refer the matter to the Ombudsman of the Autorité des marchés financiers.

Who shall I contact

  • If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.

    Be careful : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.

    By courier

    Access to contact form

    By post

    Ombudsman of the Autorité des marchés financiers

    17 place de la Bourse

    75082 PARIS CEDEX 02

    By phone

    01 53 45 60 00

FYI  

The tax advantage linked to the transfer of an insurance contract of more than 8 years to a abatements related to detention) ceased on 31 December 2022.

Transfer of the compulsory company to another

You can transfer the accumulated savings to the mandatory company account on all other accounts.

The transfer is possible when you no longer have the obligation to join the plan (departure of the company for example).

The transfer is free if you have owned the product for at least 5 years.

If you have held the product for less than 5 years, you may be charged a transfer fee, up to a maximum of 1% of the accumulated savings.

The transfer must take place within a maximum of 3 months.

In case of delay, you can refer the matter to the Ombudsman of the Autorité des marchés financiers.

Who shall I contact

  • If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.

    Be careful : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.

    By courier

    Access to contact form

    By post

    Ombudsman of the Autorité des marchés financiers

    17 place de la Bourse

    75082 PARIS CEDEX 02

    By phone

    01 53 45 60 00

Taxation at entry

As long as they are completed before your 70th birthday, voluntary and compulsory payments to a company in a year are deductible from the taxable income of that year. This deduction shall not exceed an overall ceiling amount fixed for each member of the tax home.

In 2026, the maximum amount of payments on your {circumflex over (X)} is equal to the greater of the following two amounts:

  • 10% of 2025 employment income, net of social security contributions and employment expenses, with a maximum deduction of €37,680,
  • or €4,710 if this amount is higher.

If you do not deduct voluntary payments from your taxable income, you will be taxed only on capital gains at the time of the liquidation savings.

Payments into a fund of company employee savings (profit-sharing, participation, abundances employers) are exempt from income tax.

Taxation at exit

Output taxation depends on the nature of the payments that have fed the, and the method of liquidation of savings (annuity or capital):

Répondez aux questions successives et les réponses s’afficheront automatiquement

Voluntary payments tax deducted

Annuity release
In 2025

The annuity from voluntary payments already deducted is taxable at income tax, in accordance with the rules applicable to retirement pensions.

The amount of the pension must be declared and is in addition to your taxable income in the category of pensions, pensions and annuities. On all income in this category, the tax administration automatically applies a abatement from 10%within the limit of an annual ceiling per tax household.

Of social levies shall also apply on a fraction of the pension. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The portion of the annuity taxable to social security contributions is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

For annuities paid in 2025, the social security contributions on investment income is of 17.2%.

From 2026

The annuity from voluntary payments already deducted is taxable at income tax, in accordance with the rules applicable to retirement pensions.

The amount of the pension must be declared and is in addition to your taxable income in the category of pensions, pensions and annuities. On all income in this category, the tax administration automatically applies a abatement from 10%within the limit of an annual ceiling per tax household.

Of social levies shall also apply on a fraction of the pension. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The portion of the annuity taxable to social security contributions is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The rate of social security contributions on investment income is of 18.6%, applicable to annuities paid from 1er January 2026.

Capital outflow
In 2025

The share of capital corresponding to the accumulation of voluntary payments shall be imposed on progressive scale of income taxwithout social security contributions.

In practice, the share of capital corresponding to your voluntary payments (already deducted from your taxable income in the year of the payments) is added to your taxable income in the year of exit, in the category of retirement pensions. This share of capital is taxable without the deduction of 10%.

The share of capital corresponding to the interest generated by the contract is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest received up to 31 December 2025, the overall rate of the flat-rate levy applied by the bank shall be 30%, corresponding to 12.8% in respect of income tax and 17.2% social security contributions on investment income.

From 2026

The share of capital corresponding to the accumulation of voluntary payments shall be imposed on progressive scale of income taxwithout social security contributions.

In practice, the share of capital corresponding to your voluntary payments (already deducted from your taxable income in the year of the payments) is added to your taxable income in the year of exit, in the category of retirement pensions. This share of capital is taxable without the deduction of 10%.

The share of capital corresponding to the interest generated by the contract is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment income.

The flat-rate non-derogatory levy of 12.8% is paid as income tax at the time interest is paid.

You can apply to be exempt from the flat-rate levy if your reference tax income for the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or entered into a civil partnership couple subject to common taxation.

For an exemption request made in 2026, your 2024 reference tax income must be taken into account. The request must be sent to the financial institution that pays you the interest at the latest at the time of collection.

In general, the financial institution provides a completed sworn return form if you meet the conditions. If you have a personal space set up by your manager, the waiver request can be made in electronic format.

Voluntary payments not tax deducted

Annuity release

The annuity is taxable at income tax according to the applicable rules life annuities for consideration. It is a tax system that deals only with a fraction of the pension and which takes into account your age at the date of the release of the pension.

Thus, your age as of 1er payment of the annuity determines the taxable portion of the annuity, this portion is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The taxable fraction of the annuity is also subject to social levies on wealth income at the rate of 18.6%.

Capital outflow
In 2025

The share of capital corresponding to accumulating your voluntary payments (not deducted from your taxable income in the year of payments) is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated by the contract is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest received up to 31 December 2025, the overall rate of the flat-rate levy applied by the bank shall be 30%, corresponding to 12.8% in respect of income tax and 17.2% for social security contributions.

From 2026

The share of capital corresponding to accumulating your voluntary payments (not deducted from your taxable income in the year of payments) is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated by the contract is taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social security contributions on investment income.

The flat-rate non-derogatory levy of 12.8% is paid as income tax at the time interest is paid.

You can apply to be exempt from the flat-rate levy if your reference tax income for the penultimate year is less than:

  • €25,000 if you are single
  • €50,000 for a married or entered into a civil partnership couple subject to common taxation.

For an exemption request made in 2026, your 2024 reference tax income must be taken into account. The request must be sent to the financial institution that pays you the interest at the latest at the time of collection.

In general, the financial institution provides a completed sworn return form if you meet the conditions. If you have a personal space set up by your manager, the waiver request can be made in electronic format.

Company payments from employee savings plans

Payments from employee savings in company (profit-sharing, participation, employer contributions) can be liquidated as an annuity or capital:

Annuity release

The annuity corresponding to the payments from employee savings is taxable to income tax according to the rules applicable to Life annuities for consideration. It is a tax system that deals only with a fraction of the pension and which takes into account your age at the date of the release of the pension.

Thus, your age as of 1erpayment of the annuity determines the taxable portion of the annuity, this portion is:

  • 70% if you were under 50
  • 50% if you were between 50 and 59 years old
  • 40% if you were between 60 and 69 years old
  • 30% if you were over 69.

The taxable portion of the annuity is also subject to social levies on wealth income at the rate of 18.6%.

Capital outflow

The share of capital corresponding to payments from employee savings schemes is exempt income tax and social security contributions.

Only the share of capital corresponding to interest generated on the planis taxed in respect of investment products. It is subject to the one-off flat-rate levy (PFU) made by the bank before it pays you the capital.

For interest earned on or after 1er in january 2026, the bank’s overall flat-rate levy is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% for social security contributions.

Mandatory payments

Savings from compulsory payments into a company-owned company are paid only as annuity.

The annuity is taxed on income tax, according to the rules applicable to retirement pensionsand social security contributions.

But if the monthly amount of the annuity does not exceed €110, the annuity may be converted into capital by mutual agreement between the insurer and the beneficiary of the annuity.

This possibility of conversion exists at the time of the release of the {circumflex over (X)} or even after when the annuities are already being paid.

In this case, the share of capital corresponding to the compulsory payments of the company is subject to income tax, in the category of pensions and pensions, but without the application of the 10%.

The share of capital corresponding to earnings is subject to the PFU (single flat-rate levy), but with the possibility of an option for the application of the progressive income tax scale.

This levy corresponds to income tax at a flat rate of 12.8% to which social security contributions are added.

If you die, the plan will be closed.

The money you have saved will be returned to your heirs or beneficiaries that you have designated in the contract, in the form of capital or annuity.

If it is a plan opened in the form of a securities account, the sums saved and transferred shall be incorporated into theestate assets and taxed according to inheritance tax.

If it is a plan that has led to the adherence to a group insurance contract, the sums saved and transferred are taxed according to rules similar to life insurance. The situation varies depending on whether the death of the holder of the certificate occurred before or after 70 years.

Please note

In the event of death after age 70, the sums paid by the insurer (savings and earnings) are subject to the inheritance tax after application of a abatement from €30,500.

This allowance is global and must be shared between the beneficiaries and distributed according to their share in the taxable sums.

Inheritance tax is calculated on the basis of the relationship between each beneficiary and the holder of the deceased.