Bernard, reader of Capitaladdresses the following question: “Can we subscribe a PER when we are retired?” Hello Bernard, and thank you for your question, which allows us to clarify an often ignored point: yes, it is quite possible to open a PER once in retirement. The law does not set an age limit for this savings product. However, some insurance companies, however, pose one (often around 70 years). It is therefore necessary to check contract by contract if the opening of a PER is possible at your age.
Once this question is on the side, you must especially ask yourself why it can be interesting to take out a savings product dedicated to preparing retirement … Once you are already there. First, know that it is always possible to use the tax advantage of the PER once retired, but in a limited manner. In principle, it is possible to deduct from your taxable income the amount of payments made on its PER within the limit of 10% of its professional income. However, if you no longer have activity income, it is a minimum deduction ceiling that applies. For example, this year, you will not be able to deduct more than 4,637 euros, even if you pay more on your PER.
A formidable transmission tool
Then, in addition to the possibilities of using the PER as a savings product, this envelope also has a size advantage in terms of inheritance, if it is kept until the subscriber’s death. A insurance per insurance – in opposition to the banking per or securities accounts – indeed benefits from high tax abatements in the event of transmission: if the holder dies before 70 years, each beneficiary can receive 152,500 euros without any right to pay. This franchise is however limited to 30,500 euros per beneficiary if the death takes place after the 70 years of the subscriber.
But you should know that if it is your spouse or partner of PACS that you have appointed in the beneficiary clause of the PER, it will be completely exempt from inheritance tax. As a bonus, the contract being in this case not bought, but transmitted, the gains will not go through the tax box, even if you have benefited from the deduction of your payable income. In matters of succession, PER can therefore be more effective than life insurance, with a double exemption: inheritance tax, and taxes on gains. As you can see, Bernard, it is quite possible to take out a PER once retired, and this possibility has in addition to many advantages.
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