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Retirement Savings Plan (RIP)
Verified 30 June 2025 - Legal and Administrative Information Directorate (Prime Minister), Ministry of Finance
The PER: titleContent is a retirement savings product available since 1er October 2019. It is gradually replacing other retirement savings plans. The PER is available in 3 forms: one individual PER and two company PER. The individual PER shall succeed the Perp: titleContent and the Madelin contract. The collective company PER (also called Pereco or Perecol) follows the Perco: titleContent. The mandatory company PER follows the contract article 83. You can transfer savings from old plans already opened to your new PER.
What applies to you ?
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INDIVIDUAL PER
The individual PER is open to all. You can purchase it from a financial institution or an insurance organization. This new plan succeeds the PERP and the Madelin contract, which have not been offered since 1er October 2020. Your savings accumulated on the Perp and Madelin can be transferred to the individual PER at your request. This contract entitles you to tax benefits and your rights are transferable to other PERs. There are cases of early release.
The individual PERI (also called PERIN or PERI) is a long-term savings product. It is entirely funded by your payments, without the help of your employer.
It allows you to save during your working life to get, from retirement age, a capital or a rent.
The plan gives rise to the opening of a securities account or to the adherence to a group insurance contract.
Since 1er January 2024, it takes 18 years to open an individual PER.
The RIPs already opened before 1er January 2024 on behalf of a minor child remain open. However, it is no longer possible to make payments until the child reaches the age of 18.
Please note
It is no longer possible to open an individual PER for a minor child since the marketing of climate savings plan. This new long-term savings product is reserved for children and young people under the age of 21. The funds invested in this plan are used to finance projects in the area of health ecological transition.
In order to open an individual RIP, there is no condition related to the professional situation of the holder. There is no age limit.
Any individual (over 18 years of age) can save on an individual RIP: employee, head of company, self-employed, professional, jobseeker, unemployed or retired.
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Individual investment RIP
The RIP leading to the opening of a securities account must be purchased through a specialized business. It is a business that is an authorized provider to carry out the activity of investment advice (credit institution, investment company, financial investment advisor).
Individual insurance per
The individual ERP giving rise to membership in a group insurance contract must be purchased through a specialized business. It is an association that underwrites group life insurance contracts (insurance companies, mutual societies and provident societies).
The individual PER may also be opened with a supplementary occupational pension fund.
FYI
The contract may be marketed by an intermediary on behalf of a group insurance association or an additional occupational pension fund (bank or financial advisor).
Origin of funds
Each PER, whether individual or collective, is organized in 3 separate compartments according to the origin of the funds feeding it :
- Compartment 1 (individual compartment) receives voluntary payments from the plan holder. Within this compartment, in order to determine the tax applicable on leaving the plan, the managing bodies shall distinguish between 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 2 (collective compartment) shall be financed by payments from the employer of the holder of the plan. It accounts for the money raised by wage savings.
- Compartment 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 PER, compartment 1 is powered by voluntary payments by the plan holder.
Compartments 2 and 3 are supplied exceptionally in the event of a transfer of savings already set up on another device (for example in the case of a transfer of a company PER to an individual PER, or a transfer of an old Perco).
Managed management
Unless otherwise stated by you, the management of the sums paid out on the RIP shall be in accordance with the principle of managed management. This means that when retirement is distant, savings can be invested in riskier, more remunerative assets. As we approach retirement age, savings are increasingly being channeled into less risky assets.
Information to the holder
The managing body must provide you with information on the characteristics of the plan, its management method and its taxation when the RIP is opened.
Then, every year, he must give you the following information:
- Account Evolution
- Financial performance of investments
- Amount of charges levied
- Conditions for transferring the plan.
From 5è In the year preceding the year of your retirement, you can ask the ERP manager about the exit options that are appropriate for your situation.
The individual ERP is primarily powered by voluntary payments that you perform.
In addition, if you transfer a company PER to an individual PER, you can also pay:
- Sums from profit-sharing, of participation and abundance from your employer to a company PER or PERCO
- Amounts from the value sharing premium (PPV) or the premium from the company valuation sharing plan (PPVE)
- Sums from a time savings account (TSA) and assigned to your company PER
- Compulsory payments made on a compulsory company RIP.
Voluntary payments are free and can be programmed or ad hoc.
They are deductible from taxable income in principle and not deductible on option. The option must be reported to the plan manager at the time of each payment.
There is no cap on voluntary cash payments on the individual PER, but there is a cap on the amount for which you can receive a tax benefit.
FYI
Since 1er January 2024, retirement savings plans that are under the age of 18 can no longer receive voluntary payments. Already open PERs will remain blocked until the majority of the child.
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General case
You can unlock your individual PER as soon as possible on the date of receipt of your retirement pension or when you have reached the legal retirement age (between 62 and 64 years depending on your year of birth).
You then have the choice to request that the savings accumulated in your individual RIP be paid:
- or capital,
- either in life annuity,
- or partly in capital and annuity.
The same applies to salary savings (profit-sharing, participation, abundances, value-sharing premium, company valuation-sharing premium, CET days) which may be transferred to your individual PER.
The capital may be paid in one or more installments.
However, the capital payment will not be possible if you have already opted for a life annuity payment at the beginning of the plan.
Case of early release
You can collect your savings, in the form of a one-time payment, early in the following cases:
- Disability (you, your children, your spouse or Civil partnership partner)
- Death of your spouse or Civil partnership partner
- Expiry of your unemployment benefit entitlement
- Over-indebtedness (in this case, the over-indebtedness commission must make the request)
- Termination of self-employed activity following a judgment on winding up by a court
- Acquisition of the principal residence (but in this case the rights resulting from compulsory payments remain blocked).
To request the early release of the RIP, you should send a letter, preferably recommended, to the managing body, with the following elements:
- Proof of identity
- Bank identity statement of the account to which you wish to obtain payment
- Justification for the exceptional early release situation you invoke.
The method of taxation of the capital resulting from the early release depends on the reason for the release.
If the release is based on a ground other than that of the principal residence, the part of the capital released corresponding to the payments shall be exempt from income tax and social security contributions.
The part of the capital released corresponding to the gains is subject to social security contributions.
If the release is motivated by the purchase of the principal residenceHowever, the situation varies depending on whether you have deducted the payments made from the RIP for tax purposes.
If you deducted the payments for tax purposes, the part of the capital released corresponding to the payments shall be taxed on income tax without a 10%, but exempt from social security contributions.
The share of the released capital corresponding to the gains shall be taxed at the flat-rate levy (PFU) of 30%.
If you have not deducted the payments for tax purposes, the part of the capital released corresponding to the payments is exempt from income tax and social security contributions.
The share of the released capital corresponding to the gains shall be taxed at the flat-rate levy (PFU) of 30%.
If you die before releasing your PER, the plan will be closed. The money saved must be paid to your heirs or to beneficiaries which you have designated in the contract, in the form of capital or rent.
If you die when the PER was already unblocked and you received a life annuityHowever, the sums not yet paid to you may be transferred provided that the reversion an annuity to a beneficiary already designated. If the annuity is not reversible, the remaining savings will not be distributed.
After your death, the taxation of the amounts that will be passed on to your heirs or beneficiaries depends on the nature of the plan.
If it is a plan opened as a securities account, the sums saved and transferred shall be included in theestate asset and taxed according to inheritance tax.
If it is a plan that has resulted in 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 RIP holder occurred before or after 70 years.
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Death before age 70
One abatement of €152,500 shall be applied to the sums accruing to each beneficiary.
The balance is subject to a levy of 20% by share taxable to each beneficiary less than or equal to €700,000.
The taxable share of each beneficiary exceeds €700,000 shall be subject to the taking of 31.25%.
Death after age 70
The sums paid by the insurer (savings and earnings) are subject to the inheritance tax after application of a abatement of €30,500.
This rebate is global and must be shared among the beneficiaries and allocated according to their share in the taxable amounts.
Inheritance tax is calculated according to the relationship between each beneficiary and the deceased RIP holder.
Tax advantage on voluntary payments
Amounts paid out of an individual RIP in a year shall be deductible from the taxable income of that year, subject to an individual limit set for each member of the tax shelter.
If you give up by deducting these voluntary payments from your taxable income, you will have a tax benefit when you exit the individual RIP.
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You're a salaried employee
Your custom limit is calculated by the tax services in several steps.
The maximum deduction limit for pension contributions is 10% of your 2024 operating income (net of business expenses) (with a maximum of €35,194), or to €4,637 if this amount is higher.
This amount is reduced the following:
- Contributions to supplementary pension schemes made compulsory in the company for employees (employers’ share for its tax-free amount and employees’ share for its amount deductible from salary)
- Employer’s contribution to the Collective Retirement Savings Plan (Perco), the Collective Retirement Savings Plan (Perco) or the Compulsory Retirement Savings Plan (Pero) up to the company’s income tax-exempt amount
- Entitlements recorded on the CET (Time Savings Account) or, in the absence of the CET, monetized, exempt leave days (up to 10 days) allocated by the employee to a Perco, Supplementary company Pension Plan or Pereco.
The ceiling is increased the unused deduction limit (or part of the limit) in the previous 3 years, from oldest to newest.
Example :
You didn't use up your entire deduction limit in 2023 and 2024.
Your 2025 contributions are deducted as a priority from your 2025 limit.
The amount that exceeds your 2025 cap is deducted from the remaining portion of your 2023 cap, and then from the remaining portion of your 2024 cap.
The personalized limit applicable to your contributions paid in 2025 is indicated on your tax notice 2025 (of income 2024).
It is the addition of the ceiling calculated on your 2024 income and the unused ceilings calculated on the previous 3 years’ income.
You are unemployed or retired without work income
The ceiling is €4,637.
The ceiling is increased the unused deduction limit (or part of the limit) in the previous 3 years, from oldest to newest.
Example :
You didn't use up your entire deduction limit in 2023 and 2024.
Your 2025 contributions are deducted as a priority from your 2025 limit.
The amount that exceeds your 2025 cap is deducted from the remaining portion of your 2023 cap, and then from the remaining portion of your 2024 cap.
The personalized limit applicable to your contributions paid in 2025 is indicated on your tax notice 2025 (of income 2024).
It is the addition of the ceiling calculated for your 2024 revenues and the unused ceilings calculated on the revenues of the previous 3 years.
FYI
Of special rules apply to self-employed persons.
Taxation of annuity or capital
The tax treatment of annuities or capital differs depending on whether or not you deducted voluntary payments from your taxable income.
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You deducted the POR payments from your taxable income
Annuity Exit
The annuity is taxable at income tax, in accordance with the rules applicable to retirement pensions.
The amount of the annuity must be reported and added 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 of 10%, subject to an annual ceiling per tax household.
Of social security contributions shall also apply to a fraction of the annuity. It varies according to your age at the date of release of the annuity. The rate of social security contributions is 17.2%.
Capital outflow
The share of capital received corresponding to voluntary payments shall be taxed on the progressive scale of income tax.
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 the exit, in the category of retirement pensions. This share of capital is taxable without the reduction of 10%.
The share of capital corresponding to the interest generated by the contract is subject to a lump sum levy (PFU) of 30%, corresponding to 12.8% income tax and 17.2% in respect of social security contributions. The bank shall make the withdrawal of 30% before paying you the principal.
The compulsory flat-rate non-discharge levy of 12.8% is paid as income tax at the time of payment of interest.
You can apply to be exempt from the lump sum levy if your reference tax income for the penultimate year is less than €25,000 (€50,000 for a couple).
For an exemption request made in 2025, it is your 2023 benchmark tax income that must be taken into account.
The application is to be sent to the financial institution that pays you the income at the latest 30 November of the year preceding the year of payment (before 30 November 2025 to benefit from an exemption in 2026).
In general, the institution will send you an honorary attestation form to return to the institution if you meet the conditions.
You have not deducted the POR payments from your taxable income
Annuity Exit
The annuity is taxable at income tax according to the applicable rules life annuities for consideration. This is a tax system that only addresses a fraction of the annuity which takes into account your age at the date of release of the annuity.
Thus, your age at 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
- 40% if you were between 60 and 69
- 30% if you were over 69.
The taxable portion of the annuity is also subject to social security contributions. The rate of social security contributions is 17.2%.
Capital outflow
The share of capital corresponding to your voluntary payments (not deducted from your taxable income in the year of the payments) is exempt from income tax.
Only the share of capital corresponding to the interest generated by the contract is taxed: it is subject to a flat-rate levy (PFU) of 30%. This levy corresponds to income tax of 12.8% and social security contributions up to 17.2%.
The compulsory flat-rate non-discharge levy of 12.8% is paid as income tax at the time of payment of interest.
You can apply to be exempt from the lump sum levy if your reference tax income for the penultimate year is less than €25,000 (€50,000 for a couple).
For an exemption request made in 2025, it is your 2023 benchmark tax income that must be taken into account.
The application is to be sent to the financial institution that pays you the income at the latest 30 November of the year preceding the year of payment (before 30 November 2025 to benefit from an exemption in 2026).
In general, the institution will send you an honorary attestation form to return to the institution if you meet the conditions.
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Transfer of old savings products to the individual RIP
You can transfer retirement savings products that existed before 1er October 2019 on the individual RIP:
- Popular Retirement Savings Plan - Perp
- Madelin Contract
- Prefon
- Group Retirement Savings Plan - Perco
- Mutual pension supplement - Corem
- Hospital Retirement Supplement - CRH
- Article 83 contract.
If you have held the product under 10 years, the transfer fee can be charged up to 5% of the accumulated savings.
The transfer must take place within a maximum 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
Ombudsman of the Autorité des marchés financiers (AMF)
If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.
Caution : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.
By E-mail
Access to contact form
By mail
Ombudsman of the Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
By telephone
01 53 45 60 00
FYI
The tax advantage linked to the transfer of an insurance contract of more than 8 years to a PER (doubling of the deductions related to detention) ceased on December 31, 2022.
Transfer of the individual PER to another PER
You can transfer the accumulated savings on the individual PER to all other PERs.
The transfer is free if you have held the product for at least 5 years or if the transfer occurs after the expiry of the plan.
If you have held the product for less than 5 years, the transfer fee can be charged, up to 1% of the accumulated savings.
As from the receipt of the transfer request and the supporting documents, the plan manager has a period of 2 months to transmit to the new manager the information necessary for carrying 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
Ombudsman of the Autorité des marchés financiers (AMF)
If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.
Caution : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.
By E-mail
Access to contact form
By mail
Ombudsman of the Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
By telephone
01 53 45 60 00
Collective company PER
The collective company PER (also called PERECO or PERECOL) is a plan open to all employees of a company, without the obligation to subscribe. This new product is the successor to Perco, which can no longer be implemented since the 1er October 2020. Your company can transform Perco into a collective company PER. The new plan entitles you to tax benefits and your rights are transferable to other PERs. The end of the plan is the retirement age, but with cases of early release.
Collective company PERE (also known as 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 rent at retirement age. The implementation of this plan by the company is optional.
All companies can offer a collective company PER to their employees, even if they have not put in place a company savings plan (PEE).
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 for all employees. In this case, you must be informed of your membership, under the conditions laid down in the regulation. You then have 15 days to make it known that you refuse to adhere to the plan.
If you change your company, you can transfer your collective company PER:
- in the PER of your new business
- or in an individual RIP.
FYI
In a company with less than 250 employees, the company manager’s Civil partnership partner who has the status of employee may also benefit from the collective company PERP.
The collective company ERP may be set up at company level, or in a business-to-business framework.
The plan may be set up at the initiative of the company managers or by agreement with the employees' representatives. Where there is at least one trade union representative or social and economic committee in the company (ESC), 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 in a single plan. Old savings plans, such as Perco and section 83, can be transferred into a single plan.
Origin of funds
Each PER, whether individual or collective, is organized in 3 separate compartments according to the origin of the funds feeding it :
- Compartment 1 (individual compartment) receives voluntary payments from the plan holder. Within this compartment, in order to determine the tax applicable on leaving the plan, the managing bodies shall distinguish between 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 2 (collective compartment) shall be financed by payments from the employer of the holder of the plan. It accounts for the money raised by wage savings.
- Compartment 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 stated by you, the management of the amounts paid out of the RIP follows the principle of managed management. This means that when retirement is distant, savings can be invested in riskier, more remunerative assets. As we approach retirement age, savings are increasingly being channeled into less risky assets.
The collective company PER must offer you at least one alternative investment vehicle, which notably allows you to invest in a solidarity fund.
Informing the employee
When you are hired, the employer must give you a payroll savings booklet indicating the arrangements put in place in the company.
If the company has a collective company PER in place, it must provide you with a settlement that informs you of the plan and its content.
Each year, the manager must provide you with the following information:
- Evolution of savings
- Financial performance of investments
- Amount of charges levied
- Conditions for transferring the plan.
From 5e year before retirement age, you can ask the PER manager about exit opportunities that are appropriate for your situation.
Payments by the employee
You can feed your collective company PER with:
- Voluntary payments
- Sums from profit-sharing
- Sums from the participation
- Payments of all or part of the Value Sharing Premium (VPP) or company Valuation Sharing Plan (VPP) premium
- Entitlements registered on a time savings account (CET)
- In the absence of the TRC, amounts corresponding to untaken rest days, up to a maximum of 10 per year.
You can also transfer to your collective company PER amounts from another company PER, an individual PER or another retirement savings product (PERP, Madelin, Perco, etc.).
As long as you work in the company, the costs associated with managing the collective PER are covered by your employer.
Employer Payments
The collective company ERP may be financed by supplementary company payments, known as abundances. The abundance may not exceed 3 times the amount you yourself paid, or be more than €7,536.
In addition, even in the absence of payment by the employee, if the plan regulations so provide, the company may make an initial and periodic abundance.
You can recover the savings early, as a one-time payment, in the following cases:
- Disability (you, your children, your spouse or Civil partnership partner)
- Death of your spouse or Civil partnership partner
- Expiry of your unemployment insurance benefits
- Over-indebtedness (in this case, the over-indebtedness commission has to write to the managing body of the ERP)
- Termination of self-employed activity following a judgment on winding up by a court
- Purchase of your principal residence (but in this case the rights from compulsory payments remain blocked).
Your collective company PER can be released as soon as possible on the date of receipt of your retirement pension or when you have reached the legal retirement age (between 62 and 64 years depending on your year of birth).
You can request that the savings from the installments in your RIP be paid:
- or capital,
- or a life annuity,
- or partly in capital and annuity.
Savings from compulsory payments in a company RIP 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 RIP or even later when these small annuities are already being paid.
If you die, the plan will not be automatically closed.
The money you have saved will be repaid to your heirs or to the beneficiaries which you have designated in the contract, in the form of capital or rent.
If the plan is in the form of a securities account, the savings are included in the estate.
If it is a plan that has resulted in the enrollment of a group insurance contract, the amounts saved will be repaid to one or more of the beneficiaries that you have designated in the contract, depending on the life insurance rules.
Please note
In case of death after 70 years, the sums paid by the insurer (savings and earnings) are subject to the inheritance tax after application of a abatement of €30,500.
This rebate is global and must be shared among the beneficiaries and allocated according to their share in the taxable amounts.
Inheritance tax is calculated according to the relationship between each beneficiary and the deceased RIP holder.
Entry taxation
Voluntary and mandatory payments you make to a company RIP in a year are deductible from your taxable income in that year. This deduction shall not exceed an overall ceiling amount set for each member of the tax shelter.
For the year 2025, the ceiling on payments to your RIP is equal to the greater of the following 2 amounts:
- 10% of 2024 professional income, net of social contributions and professional expenses, with a maximum deduction of €35,194,
- or €4,637 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 payment. liquidation savings.
Payments into an ERP of amounts and entitlements arising from company wage savings (profit-sharing, participation, employer contributions) are exempt from income tax.
Exit taxation
The output tax depends on the nature of the payments which fed into the RIP, and the method of liquidation savings (annuity or capital).
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Voluntary payments deducted for tax purposes
Annuity Exit
The annuity is taxable at income tax, in accordance with the rules applicable to retirement pensions.
The amount of the annuity must be reported and added 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 of 10%, subject to an annual ceiling per tax household.
Of social security contributions shall also apply to a fraction of the annuity. It varies according to your age at the date of release of the annuity. The rate of social security contributions is 17.2%.
Capital outflow
The share of capital received corresponding to voluntary payments shall be taxed on the progressive scale of income tax.
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 the exit, in the category of retirement pensions. This share of capital is taxable without the reduction of 10%.
The share of capital corresponding to the interest generated by the contract is subject to a lump sum levy (PFU) of 30%, corresponding to 12.8% income tax and 17.2% in respect of social security contributions. The bank shall make the withdrawal of 30% before paying you the principal.
Voluntary payments not deducted from tax
Annuity Exit
The annuity is taxable at income tax according to the applicable rules life annuities for consideration. This is a tax system that only addresses a fraction of the annuity which takes into account your age at the date of release of the annuity.
Thus, your age at 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
- 40% if you were between 60 and 69
- 30% if you were over 69.
The taxable portion of the annuity is also subject to social security contributions. The rate of social security contributions is 17.2%.
Capital outflow
The share of capital corresponding to voluntary payments not deducted from tax is exempt from income tax and social security contributions.
The share of capital corresponding to the interest generated by the contract shall be subject to a lump-sum deduction of 30%.
This levy corresponds to income tax of 12.8% and social security contributions up to 17.2%.
The compulsory flat-rate non-discharge levy of 12.8% is paid as income tax at the time of payment of interest.
You can apply to be exempt from the lump sum levy if your reference tax income for the penultimate year is less than €25,000 (€50,000 for a couple).
For an exemption request made in 2025, it is your 2023 benchmark tax income that must be taken into account.
The application is to be sent to the financial institution that pays you the income at the latest 30 November of the year preceding the year of payment (before 30 November 2025 to benefit from an exemption in 2026).
In general, the institution will send you an honorary attestation form to return to the institution if you meet the conditions.
Payments from salary savings in company
Payments from wage savings in company (profit-sharing, participation, abundances of employers) can be liquidated as an annuity or as capital.
Annuity Exit
The annuity corresponding to the payroll savings payments is taxable against income tax according to the rules applicable to life annuities for consideration. This is a tax system that only addresses a fraction of the annuity which takes into account your age at the date of release of the annuity.
Thus, your age at 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
- 40% if you were between 60 and 69
- 30% if you were over 69.
The taxable portion of the annuity is also subject to social security contributions . The rate of social security contributions is 17.2%.
Capital outflow
The share of capital corresponding to payments from wage savings is not subject to income tax.
Mandatory payments
Savings from compulsory payments in a company RIP are paid only as an annuity.
The annuity is taxed on income tax, according to the rules applicable to retirement pensions, and 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 RIP or even after when the annuities are already being paid.
In this case, the share of capital corresponding to the company's compulsory payments is subject to income tax, in the category of pensions and pensions, but without application of the 10%.
The share of capital corresponding to the gains is subject to the flat-rate levy of 30%, but with the possibility of an option for the application of the progressive income tax scale.
The UTP is income tax equal to 12.8% and social security contributions up to 17.2%.
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Transfer of old savings products to the Pereco
You can transfer retirement savings products that existed before 1er October 2019 on the collective company ERP:
- Popular Retirement Savings Plan - Perp
- Madelin Contract
- Prefon
- Group Retirement Savings Plan - Perco
- Mutual pension supplement - Corem
- Hospital Retirement Supplement - CRH
- Article 83 contract.
The transfer must take place within a maximum 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
Ombudsman of the Autorité des marchés financiers (AMF)
If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.
Caution : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.
By E-mail
Access to contact form
By mail
Ombudsman of the Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
By telephone
01 53 45 60 00
In the event of a transfer of sums saved on a Perco to a collective company savings plan, the social security contributions in force at the time of the deposits are kept.
FYI
The tax advantage linked to the transfer of an insurance contract of more than 8 years to a PER (doubling of the deductions related to detention) ceased on December 31, 2022.
Transfer of the collective company PER to another PER
You can transfer the accumulated savings from the collective company PER to all other PERs. 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 within the limit of one transfer every 3 years.
The transfer is free if you have held the product for at least 5 years. If you have held the product for less than 5 years, the transfer fee may be charged, up to 1% of the outstanding amount.
The transfer must take place within a maximum period 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
Ombudsman of the Autorité des marchés financiers (AMF)
If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.
Caution : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.
By E-mail
Access to contact form
By mail
Ombudsman of the Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
By telephone
01 53 45 60 00
Mandatory company PER
The compulsory company PERP (also known as PERO) is a plan open to all employees of a company or reserved for certain categories of employees. The employees concerned are obliged to subscribe. This plan is the successor to the Article 83 contracts. The mandatory company PER entitles you to tax benefits and your rights are transferable to other PERs. The end of the plan is the retirement age, but with cases of early release.
The compulsory company PERP (also known as PERO) is a collective pension 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 the compulsory company RIP 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 PER shall be implemented 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 in a single plan. Old savings plans, such as Perco and section 83, can be transferred into a single plan.
Managed management
Unless otherwise stated by you, the management of the amounts paid out of the RIP follows the principle of managed management. This means that when retirement is distant, savings can be invested in riskier, more remunerative assets. As we approach retirement age, savings are increasingly being channeled into less risky assets.
The collective company PER must offer you at least one alternative investment vehicle, which notably allows you to invest in a solidarity fund.
Informing the employee
If you are one of the employees eligible for the compulsory company PER, the company must inform you of the compulsory nature of your membership in the plan.
They must also provide you with a regulation that informs you of the plan and its content.
Each year, the manager must provide you with the following information:
- Evolution of savings
- Financial performance of investments
- Amount of charges levied
- Conditions for transferring the plan.
Starting in the 5th year before your retirement age, you can ask the PER manager about exit options that are appropriate for your situation.
Payments by the employee
You can feed your mandatory company PER with:
- Voluntary payments from you
- Mandatory payments from you
- Sums from the participation and profit-sharing, if the company has put in place a plan benefiting all employees
- Money from the transfer of other retirement savings plans
- Entitlements registered on a time savings account (TSA)
- In the absence of the TRC, amounts corresponding to untaken rest days, up to a maximum of 10 per year.
- Payments of all or part of the Value Sharing Premium (VPP) or company Valuation Sharing Plan (VPP) premium.
Employer Payments
The compulsory company RIP may be financed by compulsory company payments.
Case of early release
You can get your savings back early in the following cases:
- Disability (you, your children, your spouse or Civil partnership partner)
- Death of your spouse or Civil partnership partner
- Expiry of your unemployment benefit entitlements
- Over-indebtedness (in this case, the over-indebtedness commission has to write to the managing body of the ERP)
- Termination of self-employed activity following a judgment on winding up by a court
- Purchase of your principal residence (except for payments required).
Taxation of early release capital
The situation varies depending on the reason for the early release.
General case
The share of capital corresponding to the payments made to the RIP is exempt from income tax and social security contributions.
The share of capital corresponding to earnings shall be subject to social security contributions at the rate of 17.2%.
Release for acquisition of principal residence
The share of capital corresponding to voluntary payments deducted of taxable income is subject to income tax, without application of the 10%.
The share of capital corresponding to voluntary payments not deducted of taxable income is exempt from income tax. The same is true for wage savings premiums, the rights held in one time savings account (TSA) and days off not taken.
The share of capital corresponding to earnings shall be subject to the single flat-rate levy (PFU) at the rate of 30%.
The entitlements from compulsory payments are necessarily settled in the form of life annuity.
The rights arising from other payments (voluntary payments, participation, profit-sharing, TEC days, etc.) may be liquidated as annuity, capital, part of it as annuity and capital. Capital withdrawals may be split.
Entry taxation
Voluntary and compulsory payments in a company RIP in a year are deductible from taxable income in that year. This deduction shall not exceed an overall ceiling amount set for each member of the tax shelter.
For the year 2025, the ceiling on payments to your RIP is equal to the greater of the following 2 amounts:
- 10% of 2024 professional income, net of social contributions and professional expenses, with a maximum deduction of €35,194,
- or €4,637 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 payment. liquidation savings.
Payments into an ERP of sums and entitlements from wage savings in company (profit-sharing, participation, abundances employers) are exempt from income tax.
Exit taxation
The output tax depends on the nature of the payments which fed into the RIP, and on the method of liquidation of the savings (annuity or capital).
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Voluntary payments deducted for tax purposes
Annuity Exit
The annuity is taxable at income tax, in accordance with the rules applicable to retirement pensions.
The amount of the annuity must be reported and added 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 of 10%, subject to an annual ceiling per tax household.
Of social security contributions shall also apply to a fraction of the annuity. It varies according to your age at the date of release of the annuity. The rate of social security contributions is 17.2%.
Capital outflow
The share of capital corresponding to voluntary payments deducted from tax is taxed according to progressive scale of income tax and exempt from social security contributions.
The share of capital corresponding to the capital gains is taxed on income tax and social security contributions according to the rules applicable to capital products.
Voluntary payments not deducted from tax
Annuity Exit
The annuity is taxable at income tax according to the applicable rules life annuities for consideration. This is a tax system that only addresses a fraction of the annuity which takes into account your age at the date of release of the annuity.
Thus, your age at 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
- 40% if you were between 60 and 69
- 30% if you were over 69.
The taxable portion of the annuity is also subject to social security contributions. The rate of social security contributions is 17.2%.
Capital outflow
The share of capital corresponding to voluntary payments not deducted from tax is exempt from income tax and social security contributions.
The share of capital corresponding to the interest generated by the contract shall be subject to a lump-sum deduction of 30%.
This levy corresponds to income tax of 12.8% and social security contributions up to 17.2%.
The compulsory flat-rate non-discharge levy of 12.8% is paid as income tax at the time of payment of interest.
You can apply to be exempt from the lump sum levy if your reference tax income for the penultimate year is less than €25,000 (€50,000 for a couple).
For an exemption request made in 2025, it is your 2023 benchmark tax income that must be taken into account.
The application is to be sent to the financial institution that pays you the income at the latest 30 November of the year preceding the year of payment (before 30 November 2025 to benefit from an exemption in 2026).
In general, the institution will send you an honorary attestation form to return to the institution if you meet the conditions.
Payments from salary savings in company
Payments from wage savings in company (profit-sharing, participation, abundances of employers) can be liquidated as an annuity or as capital.
Annuity Exit
In the case of an annuity outflow, income tax is calculated according to rules applicable to life annuities for consideration, in order to tax only the representative proportion of products.
Capital outflow
In the case of a capital outflow, there is no income tax.
Mandatory payments
Savings from compulsory payments in a company RIP are paid only as an annuity.
The annuity is taxed on income tax, according to the rules applicable to retirement pensions, and 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 RIP or even after when the annuities are already being paid.
In this case, the share of capital corresponding to the company's compulsory payments is subject to income tax, in the category of pensions and pensions, but without application of the 10%.
The share of capital corresponding to the gains is subject to the flat-rate levy of 30%, but with the possibility of an option for the application of the progressive income tax scale.
The UTP is income tax equal to 12.8% and social security contributions up to 17.2%.
But if the monthly amount of the annuity does not exceed €100However, the annuity may be converted into capital.
In this case, the share of capital corresponding to the company's compulsory payments is subject to income tax, in the category of pensions and pensions, but without application of the 10%.
The share of capital corresponding to the gains is subject to the flat-rate levy of 30%, but with the possibility of an option for the application of the progressive income tax scale.
The UTP is income tax equal to 12.8% and social security contributions up to 17.2%.
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Transfer of old savings products to the compulsory company RIP
Retirement savings products existing before 1er October 2019 may be transferred to the mandatory company RIP:
- Popular Retirement Savings Plan - Perp
- Madelin Contract
- Prefon
- Group Retirement Savings Plan - Perco
- Mutual pension supplement - Corem
- Hospital Retirement Supplement - CRH
- Article 83 contract.
The transfer must take place within a maximum 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
Ombudsman of the Autorité des marchés financiers (AMF)
If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.
Caution : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.
By E-mail
Access to contact form
By mail
Ombudsman of the Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
By telephone
01 53 45 60 00
FYI
the tax advantage linked to the transfer of an insurance contract of more than 8 years to an RIP (doubling of the deductions related to detention) ceased on December 31, 2022.
Transfer of the mandatory company PER to another PER
You can transfer the accumulated savings from the mandatory company PER to all other PERs.
The transfer is possible when you no longer have the obligation to adhere to the plan (for example, the company leaves).
The transfer is free if you have held the product for at least 5 years.
If you have held the product for less than 5 years, you can be charged a transfer fee, up to a maximum of 1% of the accumulated savings.
The transfer must take place within a maximum period 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
Ombudsman of the Autorité des marchés financiers (AMF)
If you encounter a difficulty with a financial intermediary or a listed business, you can refer the matter to the AMF Ombudsman.
Caution : before submitting your complaint, make sure that your request falls within the AMF's jurisdiction.
By E-mail
Access to contact form
By mail
Ombudsman of the Autorité des marchés financiers
17 place de la Bourse
75082 PARIS CEDEX 02
By telephone
01 53 45 60 00
If you die, the plan will be closed.
The money you have saved will be repaid to your heirs or to the beneficiaries which you have designated in the contract, in the form of capital or rent.
If the plan is in the form of a securities account, the savings are included in the estate.
If it is a plan that has resulted in the enrollment of a group insurance contract, the amounts saved must be repaid to the beneficiaries you designated in the contract, according to the life insurance rules.
Please note
In case of death after 70 years, the sums paid by the insurer (savings and earnings) are subject to the inheritance tax after application of a abatement of €30,500.
This rebate is global and must be shared among the beneficiaries and allocated according to their share in the taxable amounts.
Inheritance tax is calculated according to the relationship between each beneficiary and the deceased RIP holder.
Definition of the retirement savings plan
Composition and management of the retirement savings plan
Availability of savings
Obligation to inform holders
Company retirement savings plans
Implementation of the group company retirement savings plan
Pooled company Pension Savings Plan Holders
Specific rules for payment on the group company pension savings plan
Governance of the group company company pension savings plan
Implementation of the mandatory company retirement savings plan
Mandatory company Retirement Savings Plan holders
Special Payment Rules on the Mandatory company Retirement Savings Plan
Mandatory company Pension Savings Plan Governance
Possibilities for pooling company retirement savings plans
Provisions common to individual retirement savings plans
The individual retirement savings plan leading to the opening of a securities account
Implementation of the individual pension savings plan leading to the adherence to a group insurance contract
Specific governance rules of the individual RIP leading to the accession to a group insurance contract
Transfer of retirement savings plans
Maximum amount of deduction from premiums paid to people's retirement savings plans
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National Institute of Consumer Affairs (INC)
Supervisory and Resolution Authority (ACPR)
Ministry of Finance