Launched by the Pacte law of 2019, the PER – Retirement Savings Plan – celebrated its 5th anniversary at the beginning of October and now has more than 10 million holders.
The French understand this: in a context of uncertainty about the future, inflation and falling purchasing power, it is important to optimize your retirement by starting to save as early as possible. The PER therefore remains a savings contract with many advantages, in particular because it is a simple and flexible product but also because it offers advantageous taxation upon entry.
“The PER allows taxation to be shifted over time. Instead of being taxed during your activity, the capital will be taxed upon retirement, and in general incomes are lower and so are taxes ! For the tax advantage at the time of payment to be fully effective, your marginal bracket at the time of retirement must be lower than that in activity. Otherwise, the tax advantage on entry is eliminated by the tax on exit »explains Patrick Thiberge, Managing Director of Meilleurtaux Placement.
The PER: a product for retirement but not only…
This investment, created largely to simplify and democratize retirement savings, also makes it possible to release your capital in certain cases and/or life events (disability, end of unemployment rights, over-indebtedness, etc.) or even for purchase of your main residence. These arguments make the PER a “less distressing” product than the others.
“A PER is transferred from one company to another! A client who is dissatisfied with the performance of his PER, the fees, the support of his banker or advisor can request the transfer of his PER. Generally, for the first five years a fee of 1 % are invoiced on the basis of the amount transferred and they are zero beyond five years after the first payment or in the event of transfer after retirement »declares Patrick Thiberge.
What is the typical portrait of the PER saver in 2024?
The average age of the PER saver is 51 years old with an overweighting of the population between 45 years old and 65 years old and the average subscription was €15,000. The marginal tax bracket of subscribers is very often higher than 30%, which demonstrates the desire to seek a tax advantage upon entry, correlated by the income bracket because 50% of subscribers declare higher income. at €75,000/year.
The rejuvenation of PER holders is visible from one year to the next and this is still the case in 2024. In fact, young people are aware of the importance of saving to properly anticipate their future.
The 18-35 age group opens a PER with lower amounts but with a policy of scheduled payments with an objective of preparing for their retirement rather than a tax exemption objective.
The average down payment by age group in 2024
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