Holders of a super bank account, shares, bonds or even a housing savings plan (PEL) opened since 2018, you cannot escape the PFU, the single flat-rate deduction on the income from these investments. A flat tax of 30%, made up of 12.8% flat-rate tax and 17.2% social security contributions, and which applies to your interest and dividends.
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With the PFU, you are taxed at source at 30% when your interest or dividends are paid to you, generally at the end of the year. If the part “social contributions” of 17.2% is unavoidable, you can however be exempted from advancing or paying (if you are not taxable) the part “taxes” of 12.8% for your interest paid in 2024. To do this, you must submit a request for a deposit waiver by mail before the end of the month, i.e. November 30, 2023 at the latest.
The letter in question must be sent to all financial establishments in which you hold products likely to fall under the PFU, for example the bank in which you hold a super booklet or a PEL, or the broker or “broker” which allows you to invest in stocks or bonds. If the establishment has not specified in your contract a date on which this document must be sent to it, it must have received it before November 30 inclusive to be valid. So you shouldn’t delay!
The conditions to be respected to benefit from the deposit exemption
To benefit from the advance payment exemption on your interest or dividends paid in 2024, you must declare on your honor that your income does not exceed a certain ceiling: for interest (bank books, PEL, etc.), your tax income reference figure appearing on your 2023 tax notice must not exceed 25,000 euros for single people, and 50,000 euros for households subject to joint taxation. Regarding the exemption from advance payment on dividends (shares), your tax income must not exceed 50,000 euros for a single person and 75,000 euros for households subject to joint taxation.
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If you meet these conditions and the mail is sent on time, the benefit is double. If you are taxable, you will not have to pay tax at source on the income paid to you in 2024. You will pay it much later, at the time of regularization, after the declaration of your income received in 2024 , i.e. in the summer of 2025. For non-taxable households, the benefit is even greater, since this letter allows you to completely escape the 12.8% tax which does not concern you. More precisely, you will not have to wait for tax to be reimbursed, probably in 2025, on your 2024 income and which you would have paid in 2024 without a deposit exemption! In both cases, taxable or not, you will therefore only be charged social security contributions of 17.2% at source.
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