2023-09-16 06:00:08
The retirement savings plan (PER), established by the Pacte law (Action plan for business growth and transformation) in October 2019, is a system allowing you to prepare additional income for retirement. But it is also a highly effective envelope for reducing taxation. In fact, the amounts paid into the PER can be deducted from taxable income.
The other side of the coin is that the capital will be taxed upon exit. This is why this deductibility is particularly effective for households anticipating a significant drop in their income in retirement – the tax savings achieved during working life will be greater than the tax once retired.
But this possibility is regulated: you can deduct a maximum of 10% of your professional activity income net of expenses from the previous year, the latter being capped at eight times the amount of the annual Social Security ceiling. The retirement savings ceiling cannot therefore exceed 32,908 euros for payments made in 2023.
Decryption: Article reserved for our subscribers Retirement savings: the PER, a “bulldozer” of tax exemption
Your personalized ceiling for payments made in 2023 appears on your last tax notice, available since this summer on the site Impots.gouv.fr. There are also the unused ceilings for the last three years (in 2020, 2021 and 2022), since it is possible to accumulate them. Please note, if it is not used, the 2020 ceiling will be lost in 2024. To avoid this, you must pay at least the 2023 ceiling this year, plus the 2020 ceiling.
Spouse’s limit
Another element of vigilance: “There may have been payments already made since January 1, which will have to be deducted from this ceiling”, underlines Virginie Gaillard Renard, wealth engineer at Milleis Banque Privée. It is also necessary to take into account the money deposited in company schemes, such as the contribution received from a collective retirement savings plan, contributions to a compulsory PER or to an old “article 83” contract. , or even the days of a time savings account paid into a PER.
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A married or civil partnership couple can pool their ceilings. “This can be a useful tip to protect the spouse who has the lower income”, indicates Amandine Chaigne, president of Ade-ci Family Office. The one with the highest income and the highest retirement savings limit will benefit their half to allow them to build up higher retirement capital.
“On the other hand, it is not possible to use your children’s ceiling to pay into your own PER! », recalls Ms. Gaillard Renard. Minors and adults attached to the household, however, have their own ceiling: 4,114 euros in the absence of income. But to take advantage of it and increase your deductions, you must open a PER in their name and deposit sums there which will then belong to them. “That the money is blocked while still being able to be recovered to finance the purchase of housing can reassure some parents or grandparents”underlines Ms. Chaigne. However, the child will have to pay the tax at that time.
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