Retirement Savings Plan (RSP) - Mandatory company RIP

Verified 04 mai 2026 - Public Service / Directorate of Legal and Administrative Information (Prime Minister), Ministry of Finance

Your situation

  • This is a mandatory company PER
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The mandatory company PER (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 succeeds the Article 83 contracts. The mandatory company PER entitles you to tax benefits and your rights are transferable to the other PERs. The plan's deadline is the retirement age, but with cases of early release.

The mandatory company PER (also called PERO) is a group retirement savings plan that can be set up by the company for all of 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 mandatory company PER 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 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. Old 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 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

If you are one of the employees eligible for the mandatory company PER, 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 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 PER manager about exit options that are appropriate for your situation.

Payments by the employee

You can fund your mandatory company PER with:

  • Voluntary payments from you
  • Mandatory payments from you
  • Sums from the participation and profit-sharing, whether the company has a plan in place that benefits all employees
  • Amounts from the transfer of other retirement savings plans
  • Entitlements 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 mandatory company PER may be funded by mandatory company payments.

Early release case

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

  • Disability (2nd or 3rd category) if you are disabled, or your children, spouse, or Civil partnership partner
  • Death of your spouse or Civil partnership partner
  • Expiry of your unemployment insurance rights or termination of the office of corporate officer for at least 2 years without an employment contract and without pension liquidation in a compulsory old-age insurance scheme
  • 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).

Taxation applicable to capital arising from early release

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

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General case

The share of capital corresponding to the payments made on the PER 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 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 the employee savings bonuses, rights held on one time savings account (CET) and the days off not taken.

The share of capital corresponding to earnings shall be subject to the single flat-rate levy (SSF).

Duties arising from compulsory payments are necessarily liquidated in the form of life annuity.

The rights resulting from the 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.

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Transfer of former savings products to the mandatory company PER

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
  • 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

  • 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

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 from the mandatory company PER to another PER

You can transfer the accumulated savings on the mandatory company PER to all other PERs.

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 limit of 1% of the accumulated savings.

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

  • 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

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

In 2026, the maximum amount of payments on your RIP 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.

Payments into a PER of sums and entitlements resulting from employee savings in company (incentive, participation, abundances employers) are exempt from income tax.

Taxation at exit

The exit tax depends on the nature of the payments that have fed the PER, and the method of liquidation of savings (annuity or capital):

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Voluntary payments tax deducted

Annuity outing
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 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 on a fraction of the annuity. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The fraction 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 levies 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 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 on a fraction of the annuity. The taxable portion varies according to your age on the date of 1er payment of the annuity.

The fraction 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 levies 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 cumulative voluntary payments shall be imposed on progressive scale of income tax, without social security contributions.

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 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 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 cumulative voluntary payments shall be imposed on progressive scale of income tax, without social security contributions.

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 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 overall flat-rate levy applied by the bank is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social levies on investment income.

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

You can claim exemption 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 former couple subject to joint taxation.

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

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

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 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 on 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 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 on 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 overall flat-rate levy applied by the bank is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% under the social levies on investment income.

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

You can claim exemption 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 former couple subject to joint taxation.

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

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

Company payouts from employee savings

Payments from employee savings in company (incentives, participation, employer contributions) can be liquidated in annuity or 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 on wealth income at the rate of 18.6%.

Capital outflow

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

Only the share of capital corresponding to interest earned on the planis taxed on 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 overall flat-rate levy applied by the bank is 31.4%, corresponding to 12.8% in respect of income tax and 18.6% for social security contributions.

Compulsory payments

Savings from compulsory payments into a company PER shall be paid only as 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), 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 levies 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 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.