Created by the green industry law adopted on October 11, the future climate savings plan is a new product dedicated to young people under 21 years of age for subscription. It aims to prepare them for entry into working life, while financing the ecological transition. In practice, this investment will take the form of a securities account or a capitalization contract, and can be opened with a bank or an insurer. The ceiling should be identical to that of the Livret A, i.e. 22,950 euros.
Its financial management will be inspired by the retirement savings plan: by default, investments will be mixed between risky products such as European equity funds, and more secure supports. The hazard will be reduced over time. The list of eligible vehicles remains to be defined, in order to ensure the green dimension of the product. It is expected to include funds labeled Socially Responsible Investment (SRI) and Greenfin (energy and ecological transition), as well as green bonds.
Another specificity: savings will be blocked. It will only be possible to make withdrawals from the age of 18 – except for disability or death of one of the parents – and the system will be automatically closed when the holder turns 30. In return for this immobilization, subscribers will benefit from “strong advantages upon exit”, underlines Bercy. In fact, capital gains will be exempt from taxes and social security contributions. The Ministry of the Economy plans an effective launch in the first half of 2024.