Income Tax - How are share savings plan Income Tax (AEP)?
Verified 07 April 2022 - Legal and Administrative Information Directorate (Prime Minister)
Share savings plan (PEA) is a savings product intended for investment in the stock market.
No 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 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 withdraw money from your AAP 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 be done as a life annuity.
FYI
the revenues of the 17,20% of social levies (CSG, CRDS).
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 money from your AAP (withdrawal or redemption) before the 5 years of the savings plan, the net gain realised since the beginning of the plan shall be taxed at the 12,8%.
However, you can choose to 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.
To complete your tax return, you can review the explanatory note and practical brochure on income tax .
Who can help me?
Find who can answer your questions in your region
For general information
Tax Information Service
You are an individual
By phone:
0809 401 401
Monday to Friday from 8:30 am to 7 pm, excluding public holidays.
Free service + call price
You are a professional
By phone:
0809 401 401
Monday to Friday from 8:30 am to 7 pm, excluding public holidays.
Free service + call price
To join your local folder manager service
Service in charge of taxes (treasury, tax department...)
- General tax code: Articles 150-0 A to 150-0 FTaxation in case of withdrawal before 5 years except exception (Article 150-0 A) - Calculation of capital gains (Article 150-0 D)
- General tax code: Articles 156 to 163wExemption of income and capital gains from investments (Article 157)
- General tax code: Article 200aTax rate
- BOFIP-Taxes No. BOI-RPPM-RCM-40-50 relating to share savings plan (PEA)
FAQ
- Income tax: return and incomeService-Public.fr
- Income tax: deductions, reductions and tax creditsService-Public.fr
- share savings planService-Public.fr
- Income Tax - Annual Income Tax ReturnService-Public.fr
- Income Tax - Savings and Investment IncomeService-Public.fr
- Income tax - Capital gains on securitiesService-Public.fr
- Social levies (CSG, CRDS...) on income from wealthService-Public.fr
- Income Tax - Reporting Life AnnuitiesService-Public.fr
- Tax SiteMinistry of Finance
- 2022 Practice Brochure - 2021 Income Tax ReturnMinistry of Finance
- Income tax: information leafletsMinistry of Finance