Equity Savings Plan / Financial Instruments Account Comparison Tool

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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FEATURES

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

TERMS

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.

Any full withdrawal of funds will result in the automatic closure of your Equity Savings Plan.

Free
Deposits Individual or automatic

TAXATION

Revenue taxation Exempt
  • - By default, shareholder dividends are subject to income tax on a progressive scale, with a 21% direct debit deposit, taking into account a 40% reduction on the brut amount of earned dividends. (7)
  • - In specific cases, this deposit is waived. In such a case, the taxpayer will pay income tax on a progressive scale at the time of declaring their total revenues. (8)
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:

  • - 0% of their amount for securities held for less than 2 years.
  • - 50% of their amount for securities held for 2 to 8 years.

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)
  • (1) Not considered as revenue deposits or capital gains earned under an Equity Savings Plan.
  • (2) For married couples or those in a civil union, possibility of two Equity Savings Plans per household.
  • (3) A minor or incompetent adult may hold a Financial Instruments Account if their legal representative provides authorization.
  • (4) Financial Instruments whose issuers have their headquarters in France or another European Union member state.
  • (5) UCI eligibility is to be verified at the time of purchase.
  • (6) Except when withdrawn sums are affected, in the 3 months following the withdrawal, to funding the creation or takeover of a business.
  • (7) A fixed annual allowance of €3,050 for a couple subject to joint taxation, or €1,525 for an individual person, was abolished by the 2013 French Finance Act, from 2012-01-01.
  • (8) In specific cases, this deposit is waived. In such a case, the taxpayer will pay income tax on a progressive scale at the time of declaring their total revenues. For dividends, the deposit may be waived at a rate of 21% if the taxpayer(s) has/have an income tax reference of less than €50,000 for an individual person or €75,000 for a couple subject to joint taxation. For interest, the deposit may be waived at a rate of 24% if the taxpayer(s) has/have an income tax reference of less than €25,000 for an individual person or €50,000 for a couple subject to joint taxation. Any request for exemption shall be in the form of a sworn statement in which the taxpayer(s) certify(ies) that their income tax reference allows them to benefit from exemption from the deposit. Clients are solely responsible for preparing their exemption request and will be sanctioned in the event of any false statement (10% of the deposit amount).
  • (9) Capital losses realized on the sale of securities and/or corporate entitlements may be charged against capital gains of the same nature (including capital gains made on the futures markets, marketable bonds or warrants) made during the same year or over the course of the past ten years. Capital gains earned on securities listed in a foreign country are subject to taxation in France. Therefore, these revenues are to be included into your declaration.
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