This is the maximum amount of the opening fee. With the exception of management fees under the mandate, PEF fees have been limited since July 1, 2020. Account maintenance fees may not exceed 0.4% of the value of the securities held annually. These costs may be increased by fixed costs per line of securities held or per unit of account, not exceeding EUR 5 (or EUR 25 for a line of unlisted securities). It is possible to make a payment or refund of your PEA in the first five years of its existence, but this will then result in the closure of the plan and the net profit made since the opening of the plan will be taxed at a rate of 12.8% (unless you opt for a progressive scale of income tax). The opening date corresponds to the date of the 1st payment. The Pact of the Act created the nascent PEA, but also set a cap on the costs inherent in the PEA. Thus, a maximum amount has been set for operations related to a PEF: opening, administration, transaction operation, transfer fees. The cost of a young PEA is included in this limit and the opening fee of a young PEA cannot exceed €10. The Youth PEA or Equity Savings Plan is a PEA intended only for young people between the ages of 18 and 25. Young people must always be allocated to their parents` tax budget so that it can be opened.
The young PEA was created on August 24, 2019 by the Pacte Law. His goal? Allow young people to compete with the stock market and get used to managing a portfolio of stocks. ✔️ Advantageous and degressive ✔️ taxation Transfer with classic PEA possible ✔️Simple opening conditions Note that the first payment marks the opening date of the EEP. Payments There is no minimum payment obligation when opening the PEA. However, there is a maximum payment limit. The total amount of payments for the PEA cannot exceed 20,000 euros for the young PEA, compared to 150,000 euros for a classic PEA. Payments can be made in cash, bank transfer or check, and it is sometimes possible to set up regular payments. Making your first trade on the exchange may seem difficult or obscure for a beginner. To support your openness, our Selexium advisors will guide you in your first steps as a securities buyer.
The conditions for opening the PEA: The PEA can only be opened by an adult resident of France for tax purposes, can open a PEA The PEA is individual and cannot be opened in the form of a joint account A single person cannot hold several PEAs The opening date of the PEA corresponds to the date of the first payment The upper limit of the Bank`s PEA is €150,000. Its calculation does not take into account the profits made©© since the opening of the plan. The PEF holder must then make payments to his cash account, which allows the purchase of securities that are themselves registered in the holder`s deposit account. There is no obligation to pay at the opening of the PEA, but the first payment marks the opening date of the PEA. The Savings Action Plan© (PEA) is a product of regulated savings, © allowing©© them to acquire©and manage©a portfolio of shares in European© companies, while benefiting from©© a tax exemption©under certain conditions. There are 2 types of PEAÂ: the classic PEA (banks or insurance companies) and the PEA-PME, which is© distributed© to SMEs: titleContent and Midcaps: titleContent. The conditions for opening the plan, the securities it may house, the conditions of payment, withdrawal and payment©©of the tax advantage are©regulated©. When the PEA is open, you sign a contract with the©bank. Undertaking for collective investment in mobility securities. You can combine a classic PEA (bank or insurance) and a PEA-PME. Until now, a young person who wanted to open a PEF could not do so without leaving the tax budget.
The cash account also serves as a container for the collection of dividends paid. Without positioning itself as a niche product, this youth PEA is aimed at young people who are interested in an interesting tax system that does not correspond to the majority of young people. ©Your lice or PACS partner and your children of tax-dependent age: titleContent can also open a PEA. Partial payments made 5 years ago will®result in the closure of the scheme, except in the following cases: For disbursements or purchases made 5 years ago of holding the PEA, the net profit realized (i.e. the total amount minus payments made by the holder) is subject to taxes and social security contributions. a total rate of 30%. It is possible to combine a banking PEA and an insurance PEA with an SME PEA. To know the details of the conditions, read the corresponding article on the website service-public.fr No obligation to make a mandatory minimum payment, nor initial nor periodic payments. The young PEA is a savings product, but also a tax exemption that allows its holder to invest in securities. The PEA can therefore be more interesting than the youth brochure, especially thanks to capital investments. In addition, the ceiling imposed on the two products has a notable difference: the young PEA has a ceiling of € 20,000, while the ceiling of the youth brochure is only € 1,600. To find out whether a security may appear on the PEF, the holder may consult the description of each security on the Internet to determine whether it is suitable for the PEF.
In 2019, the Pacte law introduced a new financial product: the young PEA. It allows any young person aged 18 to 25, provided that he lives in France and is part of his parents` tax budget, to have a PEA. This young PEA is oriented towards the same functionality as the classic PEA. The net profit can be exempt from tax in the following cases: Exchange: ten shares to buy for an off-road PEA. This is the age limit of the “PEA Jeune”. Basically, this plan is for young people between the ages of 18 and 21 who are part of their parents` tax budget. But students up to the age of 25, when they ask for a commitment, can open a plan with their facilitator. In the end, the “Pea Jeune” is a favorite envelope for anyone who wants to get acquainted with the world of stock markets. PLF 2020: The JEI program has been extended until 2022.
Since 2019, the success of the young PEA has not yet been achieved. The young PEA, modelled on the classic PEA, resumes its advantages in terms of tax exemption, but also its weaknesses. Thus, the limited selection of securities that can be held through a PEA represents a certain limit of the young PEA. Only securities mainly of companies domiciled in the European Union can be purchased. Net profit is recognised taking into account the total amount saved minus payments made. The investment medium is identical to the Bank`s PEA, but it cannot be purchased©directly: the sums paid into the PEA-PME are intended to©finance small and medium-sized enterprises as well as medium-sized enterprises©. You can be invested in the following securities: What is a PEA-PME? The PEA-PME is a savings plan that allows you to invest in unlisted companies. The amounts paid can only be used for the purchase of SME or mid-cap securities. The operation of the PEA-PME is identical to that of a classic PEA, and a person can hold both types of PEA at the same time, with a maximum payment ceiling of € 225,000 combined on the two PEAs. One of the reasons for the commercial failure of the young PEA is its restriction to adults, which can limit the number of potential buyers too much. The 18-25 age group includes young people, a significant proportion of whom are already separated from their parents` tax budget.
The young PEA is subject to the obligation to tax social security contributions when it is withdrawn. Social security contributions are made if the withdrawal occurs before or after the 5 years of possession of the PEA. Social security contributions represent 17.2% of the amount of interest.