Key points to remember from the recommendations on Livret A savings accounts

The debate surrounding regulated savings is evolving! In a recent report on wealth taxation, the Council on Compulsory Levies (CPO), attached to the Court of Auditors, proposes several adjustments aimed at modernising and better targeting the tax advantages of the Livret A and LDDS savings accounts.

The aim is to preserve their role as a precautionary savings vehicle, while harmonising the rules to ensure greater fairness between different savings products.

🔍 Why these recommendations?

The Livret A savings account remains the French people's favourite investment:

58 million holders, or 83% of the population

Nearly €440 billion in assets under management

A tax-free, risk-free and fully liquid product

These advantages make it an ideal tool for security savings. However, the cumulative amounts within a single household can sometimes far exceed the needs of precautionary savings. The CPO is therefore proposing a number of changes.

📉 What could change

To refocus the Livret A savings account on its original role, the report recommends:

✔️ A harmonised ceiling of €19,125 for the Livret A and LDDS savings accounts

The Livret A would thus be reduced from €22,950 to €19,125, while the LDDS would be raised from €12,000 to the same ceiling.

➡️ Harmonisation that would make regulated savings products easier to understand and use.

✔️ Taxation only above the ceiling

Savings exceeding €19,125 would be subject to standard taxation.

The good news is that deposits up to the ceiling would remain completely tax-free, confirming the desire to preserve the protective nature of these accounts.

✔️ A move towards greater fairness

These proposals are in line with the principle of tax neutrality, so as not to excessively favour regulated savings over other investment solutions.

📊 What impact will this have on savers?

According to Treasury estimates, taxation above the new ceiling could generate £150 million in public revenue.

However, only 15% of Livret A account holders currently exceed the limits, which means that the vast majority of French people would not be affected.

Furthermore, these recommendations do not constitute a decision: they pave the way for a broader reflection on savings and the effectiveness of tax incentives.

💡 An opportunity to rethink your savings

These potential changes highlight the importance of diversifying your assets.

For savers, this is an opportunity to:

analyse their asset allocation,

explore complementary solutions (life insurance, real estate, responsible investments, etc.),

optimise the taxation of their assets.