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Income Tax - How are share savings plan income taxes (AEPs)?

Verified 01 January 2023 - Directorate for Legal and Administrative Information (Prime Minister)

Income tax: 2023 2022 income tax return

Published on 1 January 2023

This page is updated for the 2022 tax return.

However, forms, online services and information documents are not yet available for the 2023 campaign. They will be posted as soon as they are available.

Share savings plan (PEA) is a savings product intended for investment in the stock market.

Taxation of an AAP's income depends on the date of withdrawals.

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Absence of withdrawal or repurchase

During the PEA 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 unquoted securities held in an AAP shall be exempt, each year, up to 10% the amount of these investments (i.e. the acquisition value of these securities).

Income over this limit is subject to a tax 12,8% (and 17,20% social security contributions).

Withdrawal or redemption after 5 years

If you withdraw money from your AAP after 5 years, the earnings of your AAP are exempt from income tax.

However, income from unquoted securities held in an AAP shall be exempt, each year, up to 10% the amount of these investments (i.e. the acquisition value of these securities).

Income over this limit is subject to a tax 12,8% (and 17,20% social security contributions).

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

Withdrawal can also be done as a life annuity.

FYI  

the revenues of the EAP are subject to 17,20% of social levies (CSG, CRDS).

To income tax return, you can view the following:

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

Withdrawal or redemption before 5 years

If you withdraw money from your AAP (withdrawal or repurchase) before the 5 years of the savings plan, the net gain realised since the beginning of the plan is taxed at the rate of 12,8%.

However, if you wish, you can choose graduated 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 was 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 conditions

FYI  

the revenues of the EAP are subject to 17,20% of social levies (CSG, CRDS).

The 2022 withdrawals are due in 2023 (2024 for the 2023 withdrawals).

To complete your tax return, you can review the explanatory note and practical brochure on income tax.

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