Retirement Savings Plan (RSP) - Collective company RIP

Verified 01 janvier 2026 - Public Service / Directorate of Legal and Administrative Information (Prime Minister), Ministry of Finance

Increase in social levies on financial income

Article 12 of Law No. 2025-1403 of December 30, 2025 on the financing of Social Security for 2026 sets new rules for social levies on financial income for 2025 and 2026.

The content of this page will be updated when the new applicable rules are specified by the tax authorities.

Your situation

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

The collective company PER (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 PER to their employees, even if they do not have 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 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 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 PER.

FYI  

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

The collective company EPR can 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's directors or by agreement with the employees' 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. Old savings plans, such as Perco and Article 83, can be transferred into a single plan.

Origin of funds

Each PER, whether individual or collective, shall be organized in 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 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 amounts paid on the PER is done according to the principle of 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.

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

Information of the employee

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

If the company has a group company PER in place, it must provide you with a policy 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 preceding your retirement age, you can ask the PER manager about exit options that are appropriate for your situation.

Payments by the employee

You can fund 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 (PPV) or the premium resulting from the company valuation sharing plan (PPVE)
  • Entitlements on a time savings account (CET) based on the value of the corresponding vacation pay
  • 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 to your collective company PER funds 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 of managing the collective PER 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 PER 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 by the employee, if the plan's regulations so provide, the company may make an initial and periodic supplementation.

You can recover the savings in advance, 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 entitlements
  • Over-indebtedness (in this case, the over-indebtedness commission must write to the managing body of the PER)
  • Cessation of self-employed activity following a judgment of judicial liquidation
  • Purchase of your principal residence (but in this case, the rights resulting from compulsory payments remain blocked).

Your collective company PER 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 in your PER be paid:

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

Savings from compulsory payments into a company PER 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 PER or even later when these low annuities are already being paid.

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Transfer of old savings products to Pereco

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

  • Popular 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 of 4 months.

In the event of a delay, you may 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.

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

    By mail

    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 the amounts saved 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 PER (doubling of abatements related to detention) ceased on 31 December 2022.

Transfer of the collective company RIP to another RIP

You can transfer the accumulated savings on 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 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 for less than 5 years, the transfer fee may be charged to you, up to a maximum of 1% of outstanding amounts.

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

In the event of a delay, you may 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.

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

    By mail

    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

Voluntary and mandatory payments you make to a company RIP in a year are deductible from your taxable income for that year. This deduction shall not exceed an amount fixed for each member of the tax home.

In 2026, the maximum amount deductible from your taxable income 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 liquidation savings.

Amounts and rights from employee savings in company (incentives, participation, value sharing, employer contributions) voluntarily allocated in your company PER are exempt from income tax.

Taxation at exit

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

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Voluntary payments tax deducted

Annuity outing

The annuity is taxable at income tax, in accordance with the rules applicable to retirement pensions.

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

Some social levies shall also apply to a fraction of the pension. The taxable portion varies according to your age at the date of the release of the pension. The rate of social security contributions is 17.2% .

Capital outflow

The share of capital received corresponding to voluntary payments shall be taxed on 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 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 a flat-rate levy (PFU) of 30%, corresponding to 12.8% in respect of income tax and 17.2% for social security contributions. The bank makes the direct debit 30% before you pay the principal.

Voluntary payments not tax deducted

Annuity outing

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 annuity and which takes into account your age at the date of the release of the pension.

Thus, your age on date 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 portion of the annuity is also subject to social levies. The rate of social security contributions is 17.2% .

Capital outflow

The share of capital corresponding to voluntary payments not deducted for tax purposes is exempt from income tax and social security contributions.

The share of capital corresponding to the interest generated by the contract is subject to a flat-rate levy of 30%.

This levy corresponds to income tax in the amount of 12.8% and social security contributions in the amount of 17.2%.

The compulsory non-derogatory flat-rate levy of 12.8% is paid on account of income tax at the time of payment of interest.

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 (€50,000 for a couple).

For an exemption request made in 2025, your 2023 reference tax income must be taken into account.

The request should be addressed to the financial institution that pays you the income at the latest on November 30 of the year preceding the year of payment (before November 30, 2025 to benefit from an exemption in 2026).

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

Payments from employee savings in company

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

Annuity outing

The annuity corresponding to payments from employee savings is taxable for 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 annuity and which takes into account your age at the date of the release of the pension.

Thus, your age on date 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 . The rate of social security contributions is 17.2%.

Capital outflow

The share of capital corresponding to payments from employee savings is not subject to income tax.

Compulsory payments

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

The annuity is taxed on income tax, depending on 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 PER 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 application of the 10%.

The share of capital corresponding to earnings is subject to the PFU (single flat-rate levy) of 30%, but with the possibility of an option for the application of the progressive scale of income tax.

The PFU corresponds to income tax in the amount of 12.8% and social security contributions in the amount of 17.2%.

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 contractHowever, the sums saved and transferred are taxed according to rules similar to life insurance. The situation varies depending on whether the death of the PER holder 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 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 PER.