How are the revenues of a share savings plan (PEA) taxed?

Withdrawal or redemption after 5 years

If you make a withdrawal after 5 years, the earnings of your AAP are exempt from income tax.

However, income from unlisted securities held in an AAP shall be exempt, each year, up to 10% the amount of such investments.

You can withdraw your AAP in whole or in part without closing it.

Withdrawal can also take the form of a life annuity.

To tax return, you can view the following documents:

• Explanatory note (in particular the memorandum on income from securities and movable assets)
• Practical Brochure of Income Tax
• Supporting documents submitted by paying institutions (IFU form)

If a pre-filled amount is incorrect, you must correct or complete it.

Withdrawal or redemption before 5 years

If you withdraw or redeem before the 5 years of your AAP, the net gain realised since the plan was opened is taxed at the 12,8%.

However, if you wish, you can opt for a progressive scale.

The net gain is the difference between the following 2 amounts:

• Liquidity of the EAP on the date of withdrawal
• Amount of payments made on the plan since it opened

However, early withdrawals are exempt in certain situations, in particular in the following cases:

• Death of Plan Holder
• Allocation of funds to finance the creation or resumption of a company, subject to

The return of these revenues will be made with your income in 2022.