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Income tax: should wage savings be reported?

Verified 01 janvier 2020 - Directorate for Legal and Administrative Information (Prime Minister)

You must report in 2020 the amounts received in 2019 under a salary savings plan. However, there are exemptions.

You do not have to report amounts paid by your employer under a salary savings plan: PEE, PEI or Perco..

In addition, income from securities placed in a PEE or PEI are exempt from tax provided

  • to be reinvested in the savings plan
  • and to respect the downtime of securities to which they relate.

  Please note : the amounts paid out of wage savings are subject to social contributions..

You do not have to report the following amounts:

  • Payments to a Perco for days of rest not taken
  • Compensatory allowances from a TEC corresponding to sums arising from the interest, and from the period of unavailability, the participation or a PEE

You do not have to report the money received by the interest provided that it is deposited in a salary savings plan (PEE, PEI or Perco) within 15 days of their payment.

The exemption shall apply to amounts paid up to an amount equal to half of the annual social security ceiling, i.e. €20,262 in 2019 (€30,852 in 2020).

  Please note : the amounts paid out of wage savings are subject to social contributions..

You do not have to declare the sums received but they must remain blocked for a minimum period (normally 5 years), except in authorized cases of early release.

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