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

Verified 01 janvier 2022 - Legal and Administrative Information Directorate (Prime Minister)

No withdrawal or repurchase

During the PEA (share savings plan) period, dividend and the capital gains from investments made under the plan are not taxable, provided that they are reinvested in the AAP.

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

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.

  FYI : the revenues of the 17,20% of social levies (CSG, CRDS).

To tax return, you can view the following documents:

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

  FYI : the revenues of the 17,20% of social levies (CSG, CRDS).

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