More flexible than the old products, such as the Perp or the contract Madelin, the new retirement savings plan (PER), created by the law Covenant, deserves a look.
With only 230 billion euros in loans, compared to more than 1700 billion for life insurance in 2019, the savings products for retirement are undoubtedly lagging behind. For Pierre-Emmanuel Sassonia, associate director of the management company Eres, the reason is simple : "It will be thirty years that retirement savings does not work in France, as it has been applied the method of the carrot and the stick. There was a tax advantage to the input, but the money was blocked until retirement almost without exception, with the obligation to collect then a life annuity. This that did not have sufficient visibility on what we could to the exit."
Created by the law Covenant (action Plan for growth and business transformation), a year ago, and launched in October 2019, the new retirement savings Plan (RAP) has broken down the locks. The horizon is always the same, but there are more possibilities of early release to recover its capital, in particular to buy her home. A revolution. "This is a product that is specifically suited to the needs of investors, because the purchase of a principal residence and retirement are the two main reasons for putting money aside," says Pierre-Emmanuel Sassonia.
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Of the possibilities of release are also provided in the event of bankruptcy, expiration of unemployment benefits, over-indebtedness, disability or death of the spouse. In the Face of the troubles the economic issues of the current crisis, the Economy minister, Bruno Le Maire, has also announced, at the end of April, that it would authorize a release outstanding reservations retirement savings for self-employed persons who suffered loss of income.
A carrot attractive
The carrot is a tax of PER is also appealing : the payments are fully tax-deductible, within the limit of 10% of taxable income, with a ceiling of 32 419 € deductible contributions in 2020. The advantage is proportional to your marginal tax rate. Pay 1000 euros in a PER provides € 300 saving tax if you are taxed in the range of 30%, and 410 euros if your higher income are taxed at 41%.
Since the introduction of the levy at source, it is no longer necessary to wait until the end of the year to take advantage of these benefits. As soon as the subscription, simply declare the contributions in its deductible expenses so that they are automatically taken into account by the tax authorities and result in a reduction of the levy to the source.
"A follow-on investment of life insurance"
- Side operation, the PER looks like a life-insurance contract mpt, proposing a fund in euros without risk, and units of account to build his retirement in the long term. "Another advantage : in case of death, the PER allows you to designate a beneficiary to which the capital will be passed on as for life insurance," says Gilles Belloir, managing director of the broker Placement-direct.fr.
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It is exempt from inheritance tax up to 152 500 euros if the holder of the PER dies before the age of 70 years. In the case of death after 70 years, the capital transmitted undergo the rights of succession, beyond a tax deduction on the payments made until 30 500 euros. "It is an investment that is highly complementary to the life insurance," says Stellane Cohen, director-general of the broker Altaprofits.
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The figures tend to prove it. Approximately 84 000 people have opened up a PER in the last quarter of 2019, pouring already almost 1 a half-billion euros in three months, in spite of the few products already launched at this time. Especially, the interest for the PER does would weaken not. "The PER is to be subscribed over a period of months, because people no longer hesitate to engage, knowing that they can get out of it in case of hard blow," says Eric Girault, president of the broker mes-placements.fr. A definite asset at this time.