What is a Retirement Savings Plan (RSP) and how does it work?

The Retirement Savings Plan (PER) is a long-term savings product launched in 2019 by the PACTE law. It was designed to simplify and replace old devices (PERP, Madelin, PERCO...). Its objective is clear: to allow the French to prepare their retirement through progressive and tax-efficient savings.

The operation is based on a simple principle: you regularly (or occasionally) pay amounts into your PER, which are then invested in financial supports. These investments can be secured (euro funds) or dynamic (units of account, stocks, bonds, real estate).

👉 During the savings phase, voluntary contributions can be deducted from your taxable income, which generates an immediate tax benefit.

👉 In retirement, you recover your savings in the form of a life annuity (guaranteed income for life) or capital (payment in one or more installments).

Example: Sophie, a 40-year-old executive, pays 3,000 € on her PER. Thanks to its 30% marginal tax bracket, it immediately saves €900 in taxes. This benefit accumulates each year.

The PER is therefore a powerful tool for preparing one’s retirement while reducing taxes.