PER Simulator: French Retirement Savings Plan

Calculate your annual tax savings, your retirement capital and the total tax advantage of the PER based on your marginal tax bracket.

Your situation

Annual net taxable income (€)

Marginal tax rate (TMI)

Annual PER contribution (€)

Deductible cap: ~5 000 € (10% of net income)

Existing PER capital (€)

Current age

Retirement age

Annual return (%)

Retirement capital

199 317 €

in 30 years · Annual return (%) 5 %

Annual tax saving

900 €

Total tax savings

27 000 €

Total contributed

90 000 €

Projection by age

What is the PER (French Retirement Savings Plan)?

Created by the PACTE law in 2019, the Plan d'Épargne Retraite (PER) is a long-term savings vehicle designed to prepare for retirement while benefiting from an immediate tax advantage. Contributions are deductible from taxable income up to an annual ceiling.

Individual PER (PERIN)

Open to everyone, taken out with a bank or insurer. You freely choose your investment supports.

Collective PER (PERCOL)

Offered by the employer (former PERCO). Can be matched by the company.

Mandatory PER (PERO)

Set up by the employer with mandatory contributions for certain categories.

The PER tax advantage: how does it work?

The main appeal of the PER is the tax deductibility of contributions. Each euro invested reduces your taxable income, and therefore your tax bill. The tax saving depends directly on your Marginal Tax Rate (TMI).

Tax saving by marginal tax bracket:

11%

€110

per €1,000 contributed

30%

€300

per €1,000 contributed

41%

€410

per €1,000 contributed

45%

€450

per €1,000 contributed

PER deduction ceiling 2026

Deductible contributions are limited to an annual ceiling calculated on your income. This ceiling can be carried forward for 3 years if not fully used.

Employee (general rule)

10% × net income N-1 (max €35,194)

For €50,000 net income: ceiling = €5,000

Self-employed (TNS)

10% × profit + 15% between 1 and 8 PASS

Much higher ceiling, up to €85,780

Frequently asked questions about the PER

PER or life insurance: which to choose?▼

The PER is ideal if you are in a high tax bracket (30%+) and do not need liquidity before retirement. Life insurance is more flexible (withdrawals at any time) and benefits from tax advantages after 8 years. In practice, both are complementary: the PER for immediate tax advantage, life insurance for flexibility.

Can you withdraw from the PER before retirement?▼

Yes, in specific cases: purchase of primary residence, disability, death of spouse, end of unemployment rights, judicial liquidation or over-indebtedness. Outside exceptional cases, capital is locked until retirement.

How is the PER taxed at withdrawal?▼

At retirement, the contributed amounts (which benefited from the deduction) are subject to income tax + social charges (17.2%) on gains. If your tax bracket is lower at retirement (e.g. 30% active → 11% retired), the PER is fiscally very advantageous. The main strategy is: deduct during high-tax years, withdraw during low-tax years.