2023-12-15 08:45:00
If the text of the finance bill for 2024 is adopted as is, parents will no longer be able to open, from January 1, 2024, a retirement savings plan (PER) in the name of a minor child. An investment made less to generate income for their retirement than to enable them to purchase their primary residence. This purchase is in fact one of the authorized cases of early release of accumulated savings. As for PERs already open, parents would no longer be authorized to make voluntary payments before their child reaches the age of majority.
Should we then rush to open one or make new payments? The interest is fiscal. The amounts that parents can pay are deductible from taxable income, the minor child being attached to the tax household. As he does not generally work, the amount cannot exceed 10% of the annual Social Security (Pass) ceiling of the previous year, i.e. €4,399 for 2023 income declared in 2024, knowing however that parents can use the ceilings not used in the three previous years, i.e. a possible accumulation deductible from the tax household’s income tax of more than €16,000.
Opening a PER therefore appears to be a way of giving a sum of money to your children with a tax reduction and excluding gift taxes. The opening of the plan can in fact be considered as a customary gift – on the occasion of Christmas, for example – or, failing that, as a donation benefiting from a reduction of €100,000 per child and per donor. , reduction renewable every fifteen years. Membership requires the agreement of both legal representatives, who must sign the subscription documents.
4 399 €
The ceiling amount that can be paid into the child’s PER in 2023.
Opening a PER to a minor child also allows parents to control the use that will be made of the funds invested, since, to release the money, it is imperative to register in the authorized cases of early release.
PERs thus opened or already opened can no longer be powered, but they will continue their life. The insurance company with which they have been subscribed will make the savings grow.
Finally, these PERs should be able to be transferred to a new product – the future climate savings plan (Peac) – that Bercy has decided to create and which will be reserved for under 21s. It should be implemented during the first half of 2024. A plan which would benefit, like the Livret A, from an exemption from tax and social security contributions on accumulated earnings §
Investing in the forest at a low cost
A first ! Lendosphere offers to invest in groups and for limited amounts in forests through a crowdfunding (crowdfunding). For a minimum stake of €1,000, the platform allows you to become a shareholder in a company with 123 forestry assets holding 5 French forests representing a total of 392 ha diversified in terms of species (oaks, hardwoods, Douglas fir, etc.) located in the Allier, Aveyron, Haute-Vienne, Loir-et-Cher and Meurthe-et-Moselle. With a tax reduction equal to 25% of the amount of the investment up to €50,000 if the saver is single, and €100,000 if they are married or in a civil partnership.
The tax benefit amounts to €12,500 and €25,000 respectively spread over three years. But be careful, this type of investment falls within the overall tax reduction ceiling of €10,000 per year which includes expenses for home services, real estate investments (Pinel, etc.). Before committing, it is better to take stock of your tax exemption capacity, knowing that there may be a postponement of the tax reduction over the following five years.
Buying forests constitutes a diversification investment which should only be considered in the long term, fifteen years in this case. The resale of company shares is in theory possible at any time, but you must have kept them for five years for the tax advantage to be definitively acquired, i.e. until January 1, 2029. Then, between the 5th and 15th years , the saver will have to find a buyer. Lendosphere does not plan to organize a secondary market, connecting sellers and buyers.
The yield ? No income payment is planned. The gain is equivalent to the capital gain realized – which will be taxed, after a reduction for the duration of holding, income tax (rate of 19%) and social security contributions (17.2%). Gilles de Boncourt, president of 123 Forestry Assets, expects a catch-up effect in France of forest prices compared to those practiced in Europe, two to three times higher, and on the valorization of forests acquired due to the increase of the price of wood §
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