The PEA Insurance takes up the principle of the banking PEA. It is managed more flexible and allows you to benefit from particular tax advantages. Explanations.
The equity savings plan (PEA) allows you to invest in actions or in European funds, while escaping the taxation of capital gains after five years of detention. An attractive device that has attracted more than one French in eight. But few of them know that there are two types of PEA.
The best known, the Banking PEA is a securities account subscribed to a banking establishment to buy live actions. Much less widespread, the PEA Insurance, available only from a few insurance companies, allows you to take out a capitalization contract, if not a title account. According to a study by the French Society of Insurance Companies (FFSA), the latter represented in May 2007 only 1 % of all PEA.
The assets of the PEA Insurance on the Banking PEA
PEA Assurance allows you to benefit from two tax envelopes. On the one hand that planned for a PEA, whether banking or insurance. On the other, that reserved for the capitalization contract which is similar to life insurance.
Possible advances
As for life insurance, it is possible to request advances – up to a limit of 50 to 60 % of the sums present on the PEA Insurance – and once reimbursed, to resume payments. A possibility that the banking PEA does not offer, much more rigid. Indeed, as soon as a withdrawal is made, any deposit then becomes impossible.
Tax advantages in the event of withdrawals before 8 years old
In a banking PEA as in a PEA insurance, capital gains removed before 2 years, are taxed up to 22.5 %, to which are added the social security contributions of 11 %. For the same operation, but between 2 and 5 years after the opening of the PEA, the tax rate drops to 16 %. Beyond 5 years, capital gains are exempt from taxes but remain subject to social security contributions, therefore 11 %.
The PEA Insurance still has the advantage over the banking PEA because if the withdrawals before eight years of detention lead to the closure of this PEA, the sums placed remain acquired by the capitalization contract. Thus, you lose the tax advantages associated with the PEA Insurance, but you keep for the rest of those of a contract by capitalization. Suddenly, after the closing of the PEA, the capital gains on future buyouts will be less and less imposed. The tax rate which will then apply will be 35 % for added value following a buyout within 4 years of the subscription, of 15 % between 4 and 8 years, and finally 7.5 % after 8 years. Time therefore plays for you. And you benefit full of an unchanging tax regulation: “There is therefore no double taxation, underlines the FFSA. The applicable taxation is that of the PEA. ”
An impact on the ISF … even if it is limited
People subject to wealth tax, also take advantage of having a PEA insurance. Indeed, alone nominal value of this PEA must be declared. That is to say only the sums paid, and not the capital gains or the interests. This is not the case for a banking PEA, where these last points are taken into account.
Transfer his savings from a bank PEA to a PEA Insurance
If you hold a banking PEA, and want to open a PEA insurance, know that it is authorized to transfer the amount of your bank PEA to a PEA insurance. The operation does not lead to a tax sanction, because it is considered a withdrawal. Better ! It allows you to switch the priority of your bank PEA to your PEA Insurance. Two conditions must be met. On the one hand, the transfer must relate to all the sums appearing on the savings plan in banking equity. On the other hand, we must give the establishment to leave a certificate of identification of the plan on which the transfer must take place.
Be careful! If generally these approaches are covered by the insurer, the cost of the transfer can sometimes increase up to 100 euros in some banks. So do not hesitate to request their refund, especially if you bring significant sums.
Faced with the advantages of the PEA Insurance on the Banking PEA, only the scarcity of the offer explains its low dissemination. Thus, in 2006, 99 % of contributions came from only five insurers: the continental federation (Generali Heritage), Cardif life insurance, axa France insurance, La Mondia Partner And Skandia Life.