Company savings book (LEE): Subscription, payment and taxation

The business savings book (LEE) is a regulated savings product intended to finance the creation or takeover of companies. Its principle is identical to that of the housing savings plan (PEL). Subject to specific conditions, its capital is not available before a certain period. Operation, subscription and taxation, here is everything you need to know about the business savings book.

Capital video: What is the business savings book (LEE)?

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What is the business savings book (Lee)?

Help for business creation

The business savings book (LEE) is aimed at individuals who have a project to create or take over a company. In return for a savings effort, it allows you to obtain a credit at a preferential rate (if the solvency of the borrower candidate allows). Please note, the LEE should not be confused with the company savings plan (PEE), a employee savings system.

A mode of financing for companies

The business savings book (LEE) constitutes a advantageous funding mode For business creators or buyers, allowing them to mobilize funds for their projects. The sums saved can be used for various investments such as the purchase of equipment, the development of products, or the recruitment of staff.

Participation in companies

The lee loan also makes it possible to pay participation in the capital provided that the loan beneficiary becomes the majority or has more than half of the voting rights. This funding modality thus encourages a proactive approach involved in the business developmentwhile offering them financial resources necessary for their growth.

What is the operation of the Lee?

Like booklet A and all regulated savings booklets, the LEE is for all individuals provided they plan to create or take up a business.

Save and accumulate loan rights

The first period lasts between two and five years. It allows the saver ofaccumulate savings as well as loan rights. A tax household can only have one lee. Acquired loan rights are transferable to a family member developing an entrepreneurial project.

Get a reserved loan

The second phase allowsget a loan Reserved for an investment in a company created or resumed less than five years ago; Or, under certain conditions, in an artisanal company (if the remuneration of the work of the craftsman and the staff represents more than 35 % of the annual turnover of the company).

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What are the methods of the loan?

Interests

The methods of the loan depend on the amounts spared and the interests acquired. The total interest to be paid by the borrower is equal to the total interest acquired on the date of provision of the loaned funds, multiplied by a 1.6 coefficient.

The premium in the event of refusal of the loan

If the bank refuses the granting of the loan after studying the credibility of the creation or takeover project, a bonus equal to 30 % of the acquired interest is granted to the subscriber. Note that this premium can be amputated if the booklet holder uses only part of his rights to obtain the loan.

What payment on a Lee?

Minimum amount of the initial and annual payment

The LEE must be supplied by an initial payment and annual payments. The initial payment is At least 750 euroswhile the minimum annual payment is to 540 eurosthis sum can be brought in the form of monthly, quarterly payments or two half -yearly payments.

Lee deposit ceiling

Nothing prevents more substantial payments, knowing that the lee deposit ceiling is set to 46,368 euros (excluding interest acquired). However, the funds paid are blocked for at least two years. The booklet account can then be renewed up to five years.

Withdrawal of funds

It is possible to withdraw funds during the savings phase from two yearsprovided you allocate them to the financing of a business creation or takeover project within six months.

How much is a business savings book?

It is the state that fixes the level of remuneration of the Lee. This remuneration rate is indexed to that of booklet A: it corresponds to three quarters of the rate of this rounded booklet at the upper quarter. The interest rate of booklet A being to 2.4%, that of the Lee is therefore 2% Since the 1ᵉʳ February 2025.

Business savings book: Which bank to choose?

The LEE is available in financial or credit institutions, banks and savings boxes, excluding the post. Some banking networks have given up marketing it.

Compare the conditions

It is important to choose your bank to compare the minimum conditions of initial payment and annual payment requirements. Some banks may require a higher minimum amount, which can influence your choice.

Additional services

It is also interesting to check whether the bank offers additional services, such as support in business creation or management, financial advice or additional products. Likewise, it is better to ensure that the bank offers a simple and practical online interface.

What is the taxation of the business savings book?

Taxes: before January 1ᵉʳ 2014

The interests of the LEEs open before January 1ᵉʳ 2014 escape income tax and social security contributions. This means that the gains generated by these booklets are not subject to income tax, which makes them particularly attractive for savers seeking to maximize their yields without direct tax.

Taxes: after January 1, 2014

The interests of the LEEs open after January 1, 2014 are taxed as income from movable capital, but the exemption from social security contributions is maintained. Thus, although interest is now subject to income tax, savers can continue to be exempt from social security contributions.

How to close a Lee?

An automatic closure of the account after five years

It is possible to close a LEE for two years that if the funds are assigned within six months to the financing of a business creation or takeover project. After five years, the LEE is automatically fenced. This automatic closure is designed to encourage the use of funds in entrepreneurship projects.

In case of insufficient sum on the account

The contract can be closed if the total payments of one year does not reach 540 euros. It may also be if the sums registered in the credit of the account of a subscriber are subject to total or partial withdrawal. This ensures that booklets remain asset savings instruments and do not become dormant accounts.

Closing your booklet before five years

After two years, it is possible to close your account by contacting your bank. Most establishments will require a written request or a specific form for the fence. Once the request has been accepted, the funds are submitted by transfer to another bank account or by check.

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