LEP 2022. The popular savings account rate should be significantly increased, as confirmed by the Governor of the Banque de France, François Villeroy de Galhau on Wednesday July 13.
[Mis à jour le 13 juillet 2022 à 15h06] The popular savings account will benefit from a significant revaluation in August 1, 2022 ! Information confirmed by the Governor of the Banque de France, Francois Villeroy de Galhau this Wednesday, July 13 at the microphone of France Info: “It is possible that the rate of the booklet A reaches 2% and it will be significantly more for the popular savings account”. For him, the LEP remains a highly attractive product because it is “completely protected against inflation”. During the first 5 months of 2022, 800 000 LEP were opened in France. But the latter regrets that more opening of this savings product does not take place. In total, 19 millions of French people are eligible, which represents 28% Population.
Contacted last week by Linternaute.com, the Director of the Circle of Savings Philippe Crevel also showed us a strong likelihood that the LEP pay rate will increase significantly this year: “For LEP, it will be 4,6%. The rate of return is equal to the inflation rate for the last six months”. Something to give hope to French savers. As a reminder, the popular savings account (LEP) is a guaranteed and tax-free investment, with a rate interest which is double that of the Livret A. You can benefit from it if your income does not exceed certain ceilings. In 2022, 7,000 LEPs will be open in France for a capacity of 15,000 beneficiaries. Not necessarily put forward by banking establishments because of its relatively high management costs, the LEP is now a good alternative to taxed savings accounts for short-term savings.
The rate of pay for the LEP amounts to 2,2% since February 1, 2022, twice as much as that of booklet A (capped at 1%). the ceiling of the LEP, it is fixed at 7 700 euros, excluding capitalized interest. Based on an average outstanding amount of 5 600 eurosyour interest will amount at the end of the year to 123,20 euros. That is a net gain of 67,20 euros compared to the old remuneration of 1%. A savings product rented by the Director of Cercle de l’Epargne, Philippe Crevel : “The LEP is a savings product with a capital guarantee and total liquidity. It has no competitor in terms of short-term savings”.
The LEP rate will be increased to 2.2% on February 1, 2022. It remained frozen for two years. It was however lowered to 1% in February 2020, decision resulting from the fall in the yield of the livret A. Would you like to know more about the alternatives to regulated savings accounts? Consult our dedicated file without delay:
It is possible to place up to 7,700 euros on a LEP, excluding capitalized interest. It is therefore possible to continue to capitalize interest once the ceiling has been reached. Remember that no operation can have the effect of rendering the account in debt. The minimum down payment on your LEP is set at 30 euros.
Also, your reference tax income must not exceed certain limits, which are fixed according to the composition of your home. Here are the limits that apply this year:
- 1 part : 20 296 €
- 1,5 part : 25 716 €
- 2 parts : 31 135 €
- 2,5 parts : 36 554 €
- 3 parts : 41 973 €
- 3,5 parts : 47 392 €
- 4 parts : 52 811 €
- Per additional half share: 5 420 €
When the investor’s income exceed these limits over the course of a year, he can keep his LEP if his income for the following year goes back under the eligibility limit.
The role of A booklet may look like a precautionary savings. It is advisable to place two to three months’ salary on this savings product. Revalued up to 1 % au 1is February 2022le A booklet benefits from a higher ceiling than the LEP, 22 950 euros for an individual. Only one booklet A per person is authorized.
However, the LEP remains more than interesting if you have a modest income. In addition, the rate served is more than twice as profitable as that of the Livret A, 2.2% remuneration since February 1, 2022. “It is a product with a capital guarantee and total liquidity which is extremely attractive. There is no equivalent in terms of remuneration on short-term savings” analysis Philippe CrevelDirector of the Cercle de l’Epargne.
Only persons whose tax residence is located in France can request the opening of a LEP. Only one LEP can be subscribed per person, within the limit of 2 booklets per tax household. Opening a popular passbook is then conditional on the level of income of the subscriber. It is also necessary to be major and of no longer be attached to the tax household of his parents.
In order to facilitate access to this savings product, Bruno Le Maire had announced a simplification of the opening conditions. “The presentation to your bank of a tax notice at the opening of a LEP will no longer be compulsory“, he explained. “Same for the annual audits. It will be up to the bank to check the eligibility of the saver with the tax authorities”. 15 mars 2021your bank can directly contact the tax authorities to verify that you meet the conditions for opening and holding a LEP.
The taxation of LEP is modeled on that of A booklet. This savings product is totally tax-exempt.
In other words, the LEP is not subject toincome taxto social contributions whose generalized social contribution (CSG) and the contribution to the repayment of the social debt (CRDS), nor to the flat tax at 30 % on capital income. De facto, the interest received is not to be mentioned in the annual tax return.
You have the possibility to request at any time and free of charge the closure of your LEP according to the terms set out in your contract. single letter, registered letter with acknowledgment of receipt or form are conceivable.
Le LEP remains open as long as you meet the eligibility conditions related to your income tax. To do this, you must send an annual tax notice to your bank unless it decides or suggests that you contact the tax authorities directly to check herself that you respect the detention conditions of this savings product.