Tag #French Retirement Plan

How will the proposed reforms to the French PER retirement savings plan address the identified tax loopholes and promote greater equity?

A French parliamentary report criticizes the retirement savings plan (PER) for being poorly suited to low-income households and allowing tax loopholes benefiting high-income earners. The report suggests several reforms, including limiting PER subscriptions to those under 67 and automatic closure at 70, to curb tax optimization strategies related to inheritance. These reforms aim to recover some of the tax benefits granted during the savings phase upon the death of the subscriber.