LEP 2022. The popular savings account sees its remuneration more than double, this Monday, August 1. What new rate? What effect on your savings? We tell you everything.
[Mis à jour le 1er août 2022 à 08h06] The popular savings account rate (THE P) significantly increases this monday august 1st ! Indeed, to fight against the harmful effects of inflation (6.1% in July 2022 over one year), the remuneration of the LEP increases by 2.2% at 4.6%. Who can claim it? Your taxable income must not exceed certain limits (ceiling of €20,296 for a single person), fixed according to the composition of your household. At the same time, the booklet A is also upgraded. His compensation will increase from 1% at 2%. As a reminder, the popular savings account (LEP) is a guaranteed and tax-free investment, with an interest rate that is twice that of the Livret A account. Not necessarily put forward by banking institutions because of its costs of relatively high management fees, the LEP is now a good alternative to taxed savings accounts for short-term savings.
The rate of THE P is of 4.6% since August 1, 2022. He remained frozen for two years. Would you like to know more about the alternatives to regulated savings books? 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. The minimum down payment on your LEP is set at 30 euros.
Also, your reference tax income must not exceed certain limits, which are fixed according to the composition of your household. 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
When the investor’s income exceed these limits over the course of a year, he can keep his THE P if his income for the following year goes back under the eligibility limit.
The role of A booklet may look like a precautionary savings. It is advisable to place two to three months’ salary on this savings product. Revalued up to 1% to 1er February 2022the A booklet benefits from a higher ceiling than the LEP, €22,950 for an individual. Only one booklet A per person is authorized.
However, the LEP remains more than interesting if you have a modest income. In addition, the rate served is more than twice as profitable as that of the Livret A, 2.2% remuneration since February 1, 2022. “It is a product with a capital guarantee and total liquidity which is extremely attractive. There is no equivalent in terms of remuneration on short-term savings” analysis Philippe CrevelDirector of the Cercle de l’Epargne.
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.
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 P is modeled on that of A booklet. This savings product is completely tax-exempt.
In other words, the THE P is not subject toincome taxto social contributions whose generalized social contribution (CSG) and the contribution to the repayment of the social debt (CRDS), nor to the flat tax at 30 % on capital income. De facto, the interest received is not to be mentioned in the annual tax return.
You have the possibility to request at any time and free of charge the closure of your LEP according to the terms set out in your contract. single letter, registered letter with acknowledgment of receipt or form are conceivable.
the THE P remains open as long as you meet the eligibility conditions related to your income tax. To do this, you must send an annual tax notice to your bank unless it decides or suggests that you contact the tax authorities directly to check herself that you respect the detention conditions of this savings product.