The contract savings disability in 5 key points

Intended, as its name indicates, people with disabilities, this savings contract allows in particular to deduct from its taxes the premiums paid.

Reserved for persons with disabilities of working age, the savings contract disability is a life insurance atypical. It benefits from a tax reduction in respect of premiums paid and does not reduce too public aid.

The capital is guaranteed ?

Yes, if the money is placed in an asset or funds in euros. Not, for other media type Sicav or FCP.

The money is available ?

It is possible to recover all or part of the capital at any time by making a withdrawal. Keep the contract for at least six years not to lose the tax cuts. You can also request an advance or to convert the capital into a life annuity.

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How much does it yield ?

The costs on installments of 3 % in average minorent the capital invested. On the funds in euros, count around 3 % net in 2015. For other media, the performance depends on the assets chosen.

What is the tax rule ?

The subscriber receives a tax reduction equal to 25 % of the annual payments are taken into account to the extent of 1 525 euros, plus 300 euros per dependent child. For subscriptions from September 26, 1997, the interest paid in case of the withdrawal are taxed at 35 % before the four years of the contract, 15 % between four and eight years and 7.5 % thereafter.

In the latter case, an abatement of the annual interest is applied : 4 600 euros for a single person and 9 200 euros for a couple. It is also possible to integrate the interest in his income tax return. Side social security contributions, they are payable only in the framework of a partial redemption or complete, not during the phase of savings or on the capital transmitted in the event of death. In the case of output to a life annuity, it is taxed as income for 70 % to 30% of its amount according to the age at first payment.

And in the case of death ?

For the open contracts since the October 13, 1998, each beneficiary is entitled to a deduction of 152 500 euros on the capital received, all contracts are combined, before being taxed at 20 %, up to € 700,000, a rate of 31.25 % applies to the beyond. For payments made after the 70 years of the insured, an abatement of 30 500 € applies on the payments, the supplement being taxed to the estate tax. The interests, themselves, are exempt. If the beneficiary is the spouse or the partner partner, the exemption is total.

Where can you purchase ?

The distributors of life insurance. Contracts more lucrative are those of the mutuelles (AGPM...) or associations (Asac-Fapès...).

Little impact on the social assistance

Unlike most investments, savings, disability does not reduce the aid of the community. Thus, the perceived interests are not taken into account in the revenue, or recovered by the social assistance. For the allocation of the allowance for disabled adults (AAH), the life annuity to a savings contract disability is not counted if it does not exceed 1 830 euros per year after tax. It is the same, this time without limit as to amount, for the participation to the costs of housing and maintenance.

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Our advice 2017

This investment has withstood the erosion of the tax advantages. It is not even taken into account in the calculation of the tax loopholes. Today, however, he must cope with the decline of the funds rate in euros.