Several measures affecting savers and owners came into force during the summer period. Others have been enacted for the coming weeks or months.
The popular savings account is less well remunerated
If the Livret A interest rate has not changed on the 1stis August – the government having frozen it at 3% until the end of January 2025 – that of the Livret d’épargne populaire (LEP) went from 5% to 4%. These returns are net, because both booklets are exempt from income tax and social security contributions.
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The LEP is accessible subject to resource conditions. A couple with two children (three tax shares), for example, can open one if their reference tax income does not exceed 46,367 euros.
Renovation, carers, electric cars and bikes: new reasons to unlock your PEE
Money placed in a company savings plan (PEE) is in theory blocked for five years. However, certain life events allow employees to use it before – marriage or civil solidarity pact (PACS), death of a spouse, termination of employment contract, purchase of a home, etc. By a decree that came into force on July 7, the list of cases has been extended.
It is now possible to release all or part of your PEE to finance energy renovation work on your main residence (insulation, installation of heating equipment using renewable energy, etc.), for the purchase of a so-called “clean” vehicle. (including new or used electric cars and new electric bicycles), and to deal with a situation of close caregiver.
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In practice, however, many financial institutions managing these PEEs are waiting for the Ministry of Labor to publish the precise terms of the measure before releasing the funds.
The “Macron bonus” is once again “tax deductible”
Until the end of 2023, the value sharing bonus (PPV), nicknamed the “Macron bonus”, was, in general, not subject to income tax. If this exemption had been removed on 1is January, except for employees of companies with fewer than fifty employees earning less than three minimum wages, it resurfaced this summer by a decree of June 29.
The latter has in fact authorized employees, from 1is July, to pay their PPV into an employee savings plan – whether company savings plans (PEE) or collective retirement savings plans –, as was already the case for profit-sharing, participation, etc. The amounts thus invested are exempt from income tax, up to a limit, depending on the situation, of 3,000 euros or 6,000 euros.
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