Can we still open a Popular Savings Plan (PEP)?

Verified 08 December 2021 - Directorate for Legal and Administrative Information (Prime Minister)

No, you can no longer open a Popular Savings Plan (PEP) today.

This savings product has not been marketed since September 25, 2003.

The operating conditions for PEPs opened before that date shall remain valid.

If you have a PEP open before September 25, 2003:

  • You can continue to make payments up to the legal limit of €92,000.
  • You can also continue to benefit from the tax advantages of the PIP (income tax exemption for capital and life annuity after a certain period).