LEP 2022. The popular savings account (LEP) has benefited from an attractive rate since its revaluation on February 1, 2022. Ceiling, rate, conditions… Linternaute.com answers all your questions.
[Mis à jour le 3 février 2022 à 14h04] The popular savings account or LEP is intended for low-income households and accessible subject to income conditions. Today, 7,000 LEPs are open in France for a capacity of 15,000 beneficiaries. Not necessarily promoted by banking establishments due to its relatively high management costs, the LEP is now a good alternative to taxed savings accounts for short-term savings. The rate of pay for the THE P amounts to 2.2% since February 1, 2022, twice as much as that of A booklet (capped at 1%).
Based on an average outstanding amount of €5,600your interest will amount at the end of the year to €123.20. That is a net gain of €67.20 compared to the old remuneration of 1%. A savings product rented by the Director of Cercle de l’Epargne, Philippe Crevel : “The LEP is a savings product with a capital guarantee and total liquidity. It has no competitor in terms of short-term savings”.
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.
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:
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.
Exactly, your reference tax income must not exceed certain limits, which are fixed according to the composition of your home. Here are the limits that apply this year:
- 1 slice: €20,296
- 1.5 slices: €25,716
- 2 slices: €31,135
- 2.5 servings: €36,554
- 3 slices: €41,973
- 3.5 servings: €47,392
- 4 slices: €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 his bank of a tax notice at the opening of a LEP will no longer be mandatory“, 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, 2021your 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.