LEP 2022. The LEP rate will experience a significant increase as of February 1, 2022. Are you eligible? Discover all the answers to your questions in our dedicated article.
[Mis à jour le 31 janvier 2022 à 09h14] You have a certain nest egg on your popular savings account (LEP) remunerated at 1% ? Good news for you, your interest will increase in 2022. Indeed, the LEP rate will be revalued and doubled, tomorrow, Tuesday, February 1, 2022 to the height of 2.2%. That is more than twice the remuneration of the A booklet. In total, 15,000 French are eligible to open a LEP, but only 7,000 subscribed to it. Little promoted by banks, this savings product for low-income households could well prove to be judicious if you wish to build up precautionary savings, as confided to us Philippe Crevel, Director of the Cercle de l’Epargne: “For precautionary savings with a capital guarantee, there is no longer a competitive product at LEP”.
But then, what will be the benefits of such an increase for savers? With an average outstanding amount of €5,600 for holders of an LEP, the annual interest amounted to 56 euros. With the imminent transition to a remuneration of 2.2%, the LEP will allow savers to see their interest increase by €67.20, to reach €123.20.
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 return on the Livret A passbook. 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.