LEP: Can you open a popular savings book in 2025 despite high income?

With a rate maintained at 3.5%, the popular savings book (LEP) remains the most profitable secure placement. But millions of French people are eligible without knowing it, because they wrongly believe, justifying too high income.

Unavoidable. With its rate maintained at 3.5%, much higher than that of booklet A (2.4%) and inflation (1.4%in January according to INSEE), you are still in interest Popular savings book (LEP). On one condition, however: to be eligible. This product cut for modest income savers is indeed only accessible under resource conditions. According to the Directorate General for Public Finance (DGFIP), around 18 million major French people are currently eligible, for “only” 11.7 million holders at the end of 2024. Reason? Many savers wrongly think they have too high income to open a LEP, which is not always the case.

As a reminder, to request the opening of a LEP this year, a single person should not earn more than 22,822.54 euros, or less than 1,900 euros net per month. An income ultimately not so far from the median income of private employees, of 2,090 euros net per month according to INSEE (in 2022). To find out whether or not you exceed this threshold, you must refer to your latest tax notice, on which your reference tax income (RFR) appears. However, LEP eligibility ceilings are worth for the two years preceding the opening demand. Thus, it is enough, at your choice, that your tax income of 2023 (registered on your tax notice 2024) or your tax income of 2024 (future tax notice of 2025) is under the limit to be able to open a LEP.

LEP eligibility does not depend on your income at the moment t

Thus, if you think that your 2024 income is too high to be able to benefit from this placement, this may not be the case for your 2023 income, which can be taken into account for the subscription of a LEP this year. This can for example be the case if you were still a student two years ago, not to mention the many other situations that can lead to a drop in income over one year: loss of employment, drop in activity for an independent, Sabbatical leave, tax reduction which decreases the taxable plate, etc. Clearly, the eligibility for the LEP does not depend on your income at time T, and you can therefore may open one if they are too high today.

Then, do not forget that you can also benefit from an enhanced eligibility ceiling if you have dependent children. Indeed, for a couple with four dependent children, i.e. 5 tax parts, for example, the LEP eligibility ceiling rises to 71,580.67 euros this year. By noting that in this case, each member of the same tax household can benefit from his own LEP. In any event, if you doubt your right or not to the LEP, do not forget that since 2021, banking establishments have the option of consulting the tax administration directly to verify your eligibility. So you just have to contact your bank to have a clear heart.