Should we choose a capital exit or a life annuity with the PER?

The Retirement Savings Plan is flexible since it allows you to choose between several exit modes:

The life annuity: you receive a regular income for life. This choice is reassuring because it guarantees a pension supplement until the end of your days. The annuity is taxed like a pension.

Capital: you recover all or part of your savings in the form of a single or divided payment. This gives more freedom, notably to finance a personal project (travel, transmission, rental investment).

The mixed: a part in annuity, a part in capital.

👉 Example: Pierre has €200,000 on his PER. He chooses to recover €100,000 in capital to buy an apartment and the rest in annuity to secure a supplementary income.

The choice therefore depends on your objectives: security (annuity) or freedom (capital).