The progress of the favored financial savings account is stalling | EUROtoday

For the Popular Savings Account (LEP), the indicators remained inexperienced in 2024: the variety of holders elevated by 900,000, the quantity invested by 6.3 billion euros. But the dynamic of 2022, and particularly 2023, is not – in complete, these two years, the LEP had gained 4 million followers and 34 billion in belongings.

This progress was fueled by the speed of remuneration of the financial savings account (it reached 6.1% for six months in 2023), the rise to 10,000 euros of the ceiling and communication efforts. Faced with these distinctive outcomes, the Banque de France, which actively promotes the LEP, set itself, at the beginning of 2024, the target of reaching 12.5 million holders by the center of the yr. Six months after the deadline, the account is just not there but (11.8 million).

The stakes are excessive, as a result of in France the LEP is, because the identify suggests, the essential fashionable financial savings software for increase a precautionary cushion. Its price is certainly advantageous: it’s the solely livret which should compensate for inflation and be remunerated not less than 0.5 factors greater than the Livret A, to not point out that the federal government typically grants boosts in comparison with this calculation system. From February for instance, the LEP price shall be 3.5% (2.4% for Livret A) whereas the system ought to have taken it to 2.90%. As with Livret A, curiosity is just not taxed.

The benefits of the LEP are reserved for adults not hooked up to the parental tax family and whose revenue doesn’t exceed sure ranges, up to date each 1^er January (the operation is that this yr awaiting a finance regulation). It is the reference tax revenue, indicated on the tax discover, that counts. Some 19 million folks meet these circumstances in keeping with the Banque de France. More than 60% of the eligible inhabitants is due to this fact lined: a sharply rising determine, for individuals who see the glass half full (it was 37% on the finish of 2021), a missed alternative for a lot too many households nonetheless, for others .

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