Income Tax - Reporting Life Annuities
Verified 08 June 2023 - Legal and Administrative Information Directorate (Prime Minister)
Are you receiving a lifetime payment? This life annuity is subject to income tax. Taxation varies according to the type of annuity.
You must declare the free life annuities received as a result of a gift or will.
They are taxed like pensions.
The tax authority automatically applies a abatement of 10% on the reported total amount of pensions.
The amount of the rebate must be within the following range:
- Minimum: €422 per pensioner
- Maximum: €4,123 by tax shelter
Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.
For 2023, the tax return is complete.
The 2024 income tax return for 2023 will begin in April 2024.
Life annuities paid at the exit of retirement savings product are reportable.
They are taxed like pensions.
These are annuities paid out of one of the following pension products:
- People's Retirement Savings Plan Perp
- Prefon Diet
- Madelin Contract
- Retirement Savings Plan mandatory (PERO)
- Retirement Savings Plan individual (PERIN)
- Retirement Savings Plan Collective company (PERECO)
The tax authority automatically applies a abatement of 10% on the reported total amount of pensions.
The amount of the rebate must be within the following range:
- Minimum: €422 per pensioner
- Maximum: €4,123 by tax shelter
Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.
For 2023, the tax return is complete.
The 2024 income tax return for 2023 will begin in April 2024.
The life annuities for consideration are reportable.
Part of life annuities for consideration is subject to income tax.
This part varies according to your age at the time of 1er payment of the annuity.
The taxable portion is as follows:
Your age at 1er payment | Taxable share |
---|---|
Under 50 | 70% |
50 to 59 years | 50% |
Age 60 to 69 | 40% |
Over 69 years | 30% |
You must indicate on your tax return the gross amount of life annuities received in 2022 by members of your tax shelter.
The tax authority will calculate the taxable share.
Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.
For 2023, the tax return is complete.
The 2024 income tax return for 2023 will begin in April 2024.
Who can help me?
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For general information
Tax Information ServiceBy telephone:
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To contact the local service managing your folder
Department in charge of taxes (treasury, tax department...)
- General Tax Code: Articles 156 to 163xTaxation of life annuities for consideration (Article 158)
- Bofip-Taxes n°BOI-RSA-PENS-10-40 relating to the taxation of life annuities free of charge or for considerationTaxation of life annuities free of charge or for consideration
- Bofip-Taxes n°BOI-RSA-PENS-30-20 relating to the taxation of life annuities for consideration
- Taxes: access your Special Space
Online service
- 2023 Online Income Tax Return 2022
Online service
- Income Tax Return (Paper)
Form
- 2023 Simulator: 2022 Income Tax
Simulator
- Income tax: deductions, reductions and tax creditsService-Public.fr
- Income tax: return and reportable incomeService-Public.fr
- Income Tax: Reporting Retirement PensionsService-Public.fr
- Tax SiteMinistry of Finance
- 2023 Practice Brochure - 2022 Income Tax ReturnMinistry of Finance
- Income tax: information leafletsMinistry of Finance