The retirement savings plan allows you to prepare your old days while enjoying a tax boost. To get the most out of it, you have to know all the subtleties of this mechanism.
by Aurélie burden
Savy and tax exemption, these are two French passions. The retirement savings plan (PER) allows them to be brought together in order to prepare an additional income for its old days. A welcome little boost, but which is not without consideration, since the savings housed in a PER is blocked, except in an exceptional case or acquisition of its main residence.
To use this tax advantage wisely, it is necessary to understand its mechanism. You have the possibility of deducting from your income the sums paid on a PER, and therefore to pay less tax. The impact on the final note will be more or less important depending on your situation. It is all the more advantageous taxman when your marginal tax tranche is high. Thus, a person who places 10,000 euros on his PER will benefit from a tax reduction of 4,100 euros if it is taxed at 41 %, of 3,000 euros if it is in the 30 %tranche, but only 1 100 euros in the 11 %tranche. On the other hand, there is no tax advantage for a non -taxable saver, because it is not possible to benefit from a tax credit.
Furthermore, it is allowed to give up the deductibility of the sums paid on his per. Interest? The taxation at the output will be different. Indeed, the savers who have opted for deductibility will be taxed retired, when they recover their capital (with a progressive scale for withdrawals and at the unique flat levy of 30 % for gains), while those who will have given up This possibility will only be imposed on the gains.
Given this time tax lag in time, households that will benefit as much as possible from the tax attraction of the PER are therefore those which are imposed in the highest slices during their active life, from 30 % and at -What, and which will be in a lower slice once retirement. By injecting in the plan the sums corresponding to the tax economy carried out, the PER becomes a very interesting savings tool.
Nevertheless must be kept in mind that the deductible amounts are capped. You cannot fill your PER in once and then wait until the time does its work. Logic is rather based on regular payments. The retirement savings ceiling is individual and it stems from the level of your income. Thus, you can deduct up to 10 % of your 2021 income, with a minimum set at 10 % of the annual social security ceiling (PASS), or 4,114 euros for this year, and a maximum set at 10 % of eight eight times the pass, or 32,909 euros.
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