THE P. The popular savings account rate should increase significantly from February 1, 2023. Its remuneration could exceed 6%, given the galloping inflation affecting the country.
[Mis à jour le 20 décembre 2022 à 17h15] The rate of remuneration of the popular savings account (LEP) should be significantly revalued in February 1, 2023. Indeed, currently remunerated at 4.6%, the LEP could present a rate of 6,2% from next year. With such a rate, for invested savings of 7 700 euros (LEP ceiling), you will pocket 467 euros interest net of tax. Remember that to qualify for the LEP, your taxable income must not exceed 20,297 euros for a single person. Other limits are set according to the composition of the tax household. Rather unknown, it remains relatively little used by its potential beneficiaries despite its attractive remuneration and higher than the Livret A (2%, it should reach 3% on February 1). According to the Banque de France, out of 18.6 million eligible French people, only 37% have opened one.
The rate of LEP is of 4,6% since August 1, 2022. He remained frozen for two years. Would you like to know more about the alternatives to regulated savings books? 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. No operation can have the effect of making the account debit. The minimum down payment on LEP is set at 30 euros. Also, the reference tax income must not exceed certain limits, which are fixed according to the composition of your household. Here are the limits that apply this year:
- 1 part : 20 297 €
- 1,5 part : 25 717 €
- 2 parts : 31 137 €
- 2,5 parts : 36 557 €
- 3 parts : 41 977 €
- 3,5 parts : 47 397 €
- 4 parts : 52 817 €
- 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.
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 two 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”. Since 15 mars 2021a bank can directly take care of contacting the tax authorities to verify that you meet the conditions for opening and holding a LEP.
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 2 % au 1is August 2022the 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 for low incomes. Its rate is more than twice as profitable as that of the Livret A, with 4,6% of remuneration since August 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 “, to analyse Philippe CrevelDirector of the Cercle de l’Epargne.
The taxation of LEP is modeled on that of A booklet. This savings product is completely tax-exempt. In other words, the LEP is not subject toincome taxto the 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. Thus, the interest received is not to be mentioned in the annual tax return.
It is possible to request at any time and free of charge the closure of a LEP according to the terms set out in the contract. single letter, registered letter with acknowledgment of receipt or form are conceivable. the LEP remains open as long as the eligibility conditions related to income tax are met. For this, it is necessary to send an annual tax notice to the bank, unless it decides or proposes to approach the tax authorities directly to check herself that detention conditions of this savings product. are well respected.