LEP 2022. From August 1, the remuneration of the popular savings account will more than double. What new rate? We tell you everything.
[Mis à jour le 25 juillet 2022 à 16h54] Like its big brother the Livret A, the LEP will see its rate increase by 2.2% to 4.6% starting the August 1, 2022 ! This increase in the popular savings account is made to take account of the galloping inflation observed for several months in France. In June 2022, the consumer price index reached 5.8% over one year, and could even exceed the 5% threshold over the whole year. INSEE will publish the official figures for July shortly. The Minister of Economy Bruno the Mayor took into account the recommendation of the Governor of the Banque de France, Francois Villeroy de Galhau concerning the increase in the rate, transmitted on July 13 last by means of a letter, as every year.
Contacted by Linternaute.com, the Director of the Cercle de l’épargne Philippe Crevel also told us that there was a strong probability that the rate of return for LEP would increase significantly this year: “For LEP, it will be 4.6%. The rate of return is equal the inflation rate of the last six months”. Something to give hope to French savers. 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 booklet A. You can benefit from it if your income does not exceed certain ceilings. In 2022, 7,000 LEPs will be opened in France for a capacity of 15,000 beneficiaries. Not necessarily promoted by banking establishments because of its relatively high management costs, the LEP is now a good alternative to taxed savings accounts for short-term savings.
The LEP rate has been 2.2% since February 1, 2022. It has remained frozen for two years. It was however lowered to 1% in February 2020, decision resulting from the drop in the yield of the Livret A.
Starting the August 1, 2022the rate served will increase to 4.6% to take inflation into account, as the Minister of the Economy Bruno Le Maire announced on July 14 in the columns of Le Parisien.
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 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
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 totally 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.