In order to determine the best product for you, discover the differences between an Equity Savings Plan and a Financial Instruments Account!
Equity Savings Plan
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Financial Instruments Account
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|Savings objectives||Build equity or achieve capital growth over the medium/long term. |
Prepare for your retirement.
Benefit from tax advantages.
|Build equity or achieve capital growth.|
|Investment horizon||At least 5 years to benefit from tax advantages.||From short to long term, according to the chosen investment vehicle (money market funds, stocks, bonds).|
|Deposits limits||€150,000 of deposits per Equity Savings Plan. (1)||Not limited.|
|Minimum opening deposit||€16||None|
|Account type||Individual (2)||Individual, Joint, Undivided|
|Eligibility||Any taxpayer with a fiscal residence in France.||Any natural or legal person. (3)|
|Account holder limit||1 per taxpayer||Not limited|
|Risk of capital loss||Risk of more or less capital loss depending on the chosen investment vehicles and development of financial markets, with a risk of total capital loss.|
|Eligible securities||French and European stocks (4) and certain UCIs. (5)||All types of securities (stocks, bonds, warrants, trackers, certificats, etc.).|
|Withdrawal conditions|| |
< 8 years: any withdrawal, even partial, will result in the closure of your Equity Savings Plan. (6)
> 8 years: partial withdrawals possible without closing your Equity Savings Plan. However, if any partial withdrawal is made, you will no longer be able to make any new payments. At the end of 8 years, you may obtain a life annuity exempt from income tax, excluding social security contributions.
|Deposits||Individual or automatic|
|Revenue taxation||Exempt|| |
|Capital gains taxation|| Account closure or withdrawal before 2 years: net gain taxed at 22,50% + social security contributions amounting to 15.50%. |
Deferral of capital losses possible in the same year.
Capital gains realized as of 2013-01-01 are subject to income tax on a progressive scale. However, net gains from sale of shares, company shares and securities representing such shares, realized as of 2013-01-01 benefit from a deduction on the capital gains' net value of:
The duration for which you have held your securities is calculated from their acquisition date or subscription date.
| Closure or withdrawal between 2 and 5 years: net gain taxed at 19% + social security contributions amounting to 15.50%. |
Deferral of capital losses possible in the same year or for the next ten years.
| Closure or withdrawal between 5 and 8 years: exempt from income tax. |
Social security contributions amounting to 15.50%.
Deferral of capital losses possible in the same year or for the next ten years. (9)