“Under what conditions can you open a people’s savings book? »L. P., Thionville (57)
The popular savings account is intended for modest households whose 2018 tax reference income is less than € 19,977 for one part (€ 30,645 for two parts). You must be domiciled in France for tax purposes. Only one LEP can be opened per person within the limit of two per tax household. The placement is capped at € 7,700. You can freely deposit and withdraw money, subject to maintaining a positive balance. The annual interest rate is 1%. As of December 31 of each year, the interest accrued over the year is added to the capital. They are available on January 1 of the following year. They are exempt from income tax and social security contributions. The booklet can be closed at the initiative of its holder. Otherwise, it can remain open as long as the grant conditions are met. In both cases, it will be necessary to comply with the terms set out in the contract.
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