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Tax Returns and Bank Savings Products

Posted on November 13, 2012 | No Comments
Tax Returns and Bank Savings Products

Tax Returns and Bank Savings Products

The return on savings bank depends on the risk. The higher the risk, the higher is the yield; greater the risk, the less highly paid.

Tax Returns

Tax Returns

The savings bank books are the safest, but it earns the least in the long run. Instead, financial investments are riskier, but generally relate more to the long term.

The tax savings associated with the bank is different depending on the product:

products exempt from taxes and social charges: A booklet, booklet Sustainable Development
products exempt from tax but not Social Security contributions: CEL, ELP, PEA

Some examples of savings bank

Savings Products

Savings Products

The housing savings

This is to save in order to complete the purchase of a property. After a defined period, this formula allows to obtain credit on favorable terms.

There are two types of savings plans:

Saving Products

Saving Products

The Savings Account (CEL):
minimum savings of 18 months,
credit at preferential rates at the end of the savings,
deposition limited to € 15 300, minimum of 300 €,
minimum payment of 75 €,
interest rate is currently 1.5% excluding bonuses,
premium obtained only if the account is followed by a housing loan, maximum amount of the premium: € 1 144,
money available, possible withdrawals,
interest and the premium is tax exempt (but not social security contributions),
CEL by a single person, combined with an ELP, accessible to minors.
Savings Plan (PEL):
Savings minimum of 4 years
credit at preferential rates at the end of the savings,
deposition limited to € 61 200, minimum of 225 €,
installments with a minimum of € 540 per year,
money available, withdrawals impossible, if money withdrawn before age 4: Closing and ELP loss of benefits, varying by length of custody,
interest rates in 2009: 2.5% excluding government bonus,
maximum bonus: € 1 525,
premium paid even if a loan is not signed,
interest and premium, tax-free except for ELP over 12 years; ELP over 10 years subject to social,
one PEL per person, combined with a CEL, accessible to minors.

Bank Savings Products

Bank Savings Products

The People’s Savings Plan (PEP):

Bank savings over 10 years, extension possible.
Unconditionally available income.
Return of funds as a lump sum or annuity.
One PEP per person, maximum two per household PEP.
Deposition limited to € 92 000.
Interest and premium, tax-free but subject to social security.

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