Livrets d'épargne

Savings books: here is the email you should not forget to avoid a fee!

It turns out that every year, you have a tax lien. The latter occurs because of their notebooks. In fact, it appears that this lien is actually a tax deposit. interest on your bank investments. And if the latter bores you, it seems possible not to suffer. Therefore, you can no longer have him by simply writing a letter to his bank. However, you should know that the latter must be done before the end of November. And in this way, you will not have this direct debit for the following year. We will explain everything here.

Simplified savings accounts

Very often, the papers remain difficult to handle. In this way, taxes and taxation are not issues that many French people take to heart. But still, when it comes to savings books, it seems that they have seemed very simplified. In fact, taxation seems to be easier since the reform of the single flat rate tax (PFU). The latter is also called flat rate tax. and has been in place for four years.

Thus, except for special savings books, or specific plans, the reform simplifies many things. Indeed, except therefore for envelopes exempt or partially exempt from the PEA or even life insurance, book A, LDDS, etc. Thus, taxation appears to be a tariff. It remains the same for all profits that come from financial capital. so she remaining 12.8% income tax. But this also increases to 17.2% in social security contributions. So in all, this leads to a total of 30%.

Thus, the single rate of savings books is being extended to many topics. Among them, the term accounts with stock market income, without forgetting the bank books classified as classic. This also applies to household savings such as PELs or even CELs. These appear to have been open since January four years ago. And in fact they also remain taxable from year of ownership.

flat tax

Therefore, for savings accounts, the single tax is not applied all at once. It turns out that it actually takes place in two stages and not one. Like the withholding tax on wages and other earned income. First, there is a first collection from the source at the same time as the payment of interest and dividends. This is what seems to be called tax liability. In a second time, there is a regularization that comes to the continuation of the annual income statement. Assuming the latter has already appeared taken.

However, it seems possible not to have to pay this tax deposit for savings books. It is enough for that that your house is small, even if it is not taxed. So you may not have to pay this deposit that remains at 12.8%. However, it already seems too late for this year. Thus, these will be collected at the end of December.

On the other hand, it is not too late not to have to pay the deposit for next year’s savings books, but time is running out. So if you submit an exemption request this fall, next year you could be exempt. So by that the request is accepted and validIt must be sent to your bank before November 30 of this year.

The waiver of the deposit

On the other hand, even if you do it before November 30 of this year, you will be exempt from next year’s savings account tax bill. But that does not mean that it will be the same in the following years. In fact, it is necessary to renew this exemption request every year and in the same period. Also note that this must are made before November 30, Thus. It’s best to take a few days in advance if there were ever filings with the post office.

Therefore, this request is subject to certain conditions. In order not to have to pay this tax deposit for savings books, certain conditions must be met. That’s why it’s called “tax lien exemption application 2023”, “direct debit exemption application” either “application for exemption from the non-discharge flat-rate levy”. And it appears to be in the form of an affidavit.

Thus, for interest on savings accounts, PELs or any other fixed-income investment, you must declare your reference tax income. You can find the latter on your tax notice for this year. Conditions remain the same must not exceed 25,000 euros for a single person and 50,000 for a couple.

On the other hand, in the case of dividends from the same savings accounts or other fixed investments, the reference tax on income It must not exceed 50,000 euros for a single person and 75,000 for a couple.

The deposit waiver letter for savings accounts

So while many banks offer a preloaded template of this type of letter, here’s an example. By submitting this, you would no longer be able to have a tax deposit for savings books.

The undersigned, (…),

it’s more (…),

requests to be exempt from the tax provided for in Article I of Article 125 A of the CGI and certifies on my honor that the reference tax income of my tax household that appears in my tax notice established with respect to income prior to the last year prior to the payment of products investment of fixed income and similar earnings referred to in section I of the previous article is less than:

– €25,000 (for single, divorced or widowed taxpayers);

– €50,000 (for taxpayers subject to joint taxation).

at (…), on (…),

(Date and signature)”.

Important information

You still have to keep in mind that what you are not going to give not as deposit will be taken later. In fact, it’s just a tax fee for the interest on your savings accounts. So it just won’t advance the amount. But ultimately, the final amount is always the same.

As for next year’s interest, it will still have to be declared for your savings accounts in the spring of 2023. Subsequently, you will be the one to choose between a single rate or a progressive scale. In all cases, it will regularize the tax defined in the next year’s earnings in the summer of 2024.

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