In the field of heritage, the new government wants to, it has been well understood, “reward those who take risks”, in other words, who place “their money in the financing of the economy”. This was again reaffirmed on Tuesday Bruno Le Maire, the minister of Economy and Finance, in an interview with newspaper Les Echos.

In this interview, beyond the reaffirmation of the refocusing of the tax on wealth (ISF) on the real estate assets (of more than 1.3 million euros net), with the creation of the tax on the real estate asset (IFIS), the minister announced that the levy one-time lump sum (PFU) of 30% which will hit the interests, dividends and gains on the disposal of securities as of 2018 will also apply to the interests of the plans housing savings (PEL) !

Will be affected, in the first year, the PEL beginning on or after January 1, 2018, as well as the old plans from their 12th birthday. Those open until December 31, 2017 will remain subject to social contributions : 15.5 per cent currently, which will increase to 17.2 per cent from January 1, with the increase of the CSG.

A cost-effectiveness skin of sorrow

investors that will open a PEL in 2018 will therefore be a very bad deal. Because submitted each year to the “flat tax” of 30%, and its net yield (0.70 per cent) will fall below that of the booklet Has (0,75%) ! And this, without any hope that the rate improves a day since the performance of the savings plan, housing remains the same throughout the life of the contract, the opposite of the one in the booklet Is that it is likely to evolve (certainly at the upward as well as downward).

“of Course, individuals looking to open a PEL because they are seeking a risk-free investment and low taxable interest to do so before the 1st of January to benefit from the current regime, that is to say, interest-only subject to social contributions at 15.5% and then to 17.2% in 2018),” says Philippe Crevel, director of the Cercle de l’epargne. The net return of the plan will then be 0.83%.” Is a little better than the booklet in which the interests are net of social contributions and income tax.

Read our complete file

Savings: the PEL will be taxed at 30% from January 2018 strong points and the weak points of the savings account housing 6 questions and answers on the plan of home savings Of the old ELP to keep

For owners of an old ELP, on the other hand, the introduction of the levy one-time lump sum (PFU) can sometimes prove to be advantageous. “The interests of the booklets over 12 years of age, better paid, are subject to the schedule of the income tax, recalls Philippe Crevel. Today, if the portion of the marginal taxation of the holders of these plans is greater than 30%, the taxation of interest can theoretically go up to 60% ! Fortunately, there is the option of withholding tax (24%) + social security contributions, which lowers the note to 39.5%, but within the limit of 2000 euros of interest.” The “flat tax” will lower so the note to 30% in 2018. For these taxpayers generously taxed, to close their old PEL, therefore, is not a good idea.


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