LEP 2022. The LEP rate is revalued this Tuesday, February 1, 2022 to 2.2%. Who is concerned ? What impact on your interests? All the answers to your questions in our dedicated article.
[Mis à jour le 1er février 2022 à 12h50] Intended to encourage savings among the most modest households, the popular savings account (THE P) benefits from a significant boost this Tuesday, February 1, 2022. From today, its rate goes from 1% to 2.2% for its some 7,000 beneficiaries. In other words, with this revaluation, the LEP becomes more than twice as profitable as the livret A (capped at 1%).
This increase in the LEP rate comes at a time when “LEP is not the cornerstone of savings in France, but it is a product with a capital guarantee and total liquidity which is extremely attractive. has no equivalent in terms of short-term savings” according to Philippe Crevel, Director of the Cercle de l’Epargne. Note on 15,000 French could subscribe to it, only 7,000 LEP are currently open.
Not necessarily put forward by the banks, the THE P nevertheless constitutes a real possibility of precautionary savings when your income does not allow you to go to taxed savings books. Totally tax-free, the LEP could benefit 15,000 French people if all eligible people wanted to subscribe. But then, what is the real interest of this transition to 2.2% for savers? Based on an average outstanding amount of 5,600 euros, each holder of a PEL should see its interest drop from 56 euros to 123.20 euros. That is a net gain of €67.20 at the end of the year, on December 31, 2022.
The LEP rate will be increased to 2.2% on February 1, 2022. It remained frozen for two years. It was however lowered to 1% in February 2020, decision resulting from the fall in the yield of the livret A. Would you like to know more about the alternatives to regulated savings accounts? Consult our dedicated file without delay:
It is possible to place up to 7,700 euros on a LEP, excluding capitalized interest. It is therefore possible to continue to capitalize interest once the ceiling has been reached. Remember that no operation can have the effect of rendering the account in debt.
Only persons whose tax residence is located in France can request the opening of a LEP. Only one LEP can be subscribed per person, within the limit of 2 booklets per tax household. Opening a popular passbook is then conditional on the level of income of the subscriber. It is also necessary to be major and of no longer be attached to the tax household of his parents. To open an LEP, your reference tax income must not exceed certain limits, which depend on the composition of your household. Here are the caps that apply this year (tax notice 2021 on 2020 revenue):
- 1 share: €20,296
- 1.5 shares: €25,716
- 2 units: €31,135
- 2.5 units: €36,554
- 3 units: €41,973
- 3.5 shares: €47,392
- 4 shares: €52,811
- Per additional half share: €5,420.
In order to facilitate access to this savings product, Bruno Le Maire had announced a simplification of the opening conditions. “The presentation to your bank of a tax notice at the opening of a LEP will no longer be compulsory“, he explained. “Same for the annual audits. It will be up to the bank to check the eligibility of the saver with the tax authorities”. March 15, 2021, your bank can directly contact the tax authorities to verify that you meet the conditions for opening and holding a LEP.
The taxation of the LEP is modeled on that of the livret A. Also, the interests produced on the LEP are totally tax-exempt. They are therefore exempt fromincome tax and social levies.