2023-05-16 14:09:00
CLIMATE SAVINGS PLAN. Bercy tenant Bruno Le Maire has announced the creation of a brand new savings plan for young people to finance green industry. His remuneration could clearly exceed that of the booklet A.
[Mis à jour le 16 mai 2023 à 14h09] To help prepare children for entry into working life, the government was working on a new specific savings product. It is now official, as announced by the Minister of Economy Bruno Le Maire: the future climate savings plan will see the light of day. This new investment is part of the bill Green industry, presented to the Council of Ministers this Tuesday, May 16. The goal? “Financing the carbon-free world that we must leave to our children. Thus, the funds invested in the future climate plan must contribute to financing the ecological transition” can be read in the government press kit “France green nation”, sent to the outcome of the Council of Ministers of this Tuesday, May 16. This new savings account can be distributed by banks and insurers, and will offer an attractive rate, higher than that of the livret A and the young person’s savings account (3% both). It can be opened by parentsfrom the child birth.
The future climate savings plan will be intended for young people under the age of 18 (minors). It can be opened by the parents as soon as the child is born. It will be impossible for the account holder to make any withdrawal before reaching the age of majority. However, three exceptions exist: accident of life, illness, death.
If this new plan is tax-exempt, there remains riskier than the booklet A. Indeed, the capital will not be 100% guaranteed, but rather 99%. The profitability will depend on the return on the investments made, which differentiates it from the Livret A.
Blocking the funds will make it possible “to initiate long-term investments, particularly in renewable energies, the decarbonization of industry or innovative companies” as indicated in the government press kit “France Nation Verte”. This plan should also make it possible to “finance the decarbonization of SMEs and ETIs through the development of investment capital in life insurance and retirement savings” continues. Caisse des Dépôts will have to ensure that the funds from this plan benefit thegreen industry.
In his presentation, the Minister of the Economy Bruno Le Maire puts forward “guarantees of remuneration higher than those of the booklet A. As a reminder, the rate of the booklet A is today fixed at 3%. It could present “exceptional tax conditions” he continues. We can then imagine a rate above 4% for this new plan.
The ceiling of the future climate savings plan will be modeled on that of the livret A: 22 950 euros. It cannot exceed 23,000 euros.
The future climate savings plan will be 100% tax exempt. Holders of this plan will not have to pay taxes and contributions on the interest earned.
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