Exceptional early release of employee savings up to €10,000, free of income tax
Article 5 of the law of 16 August 2022 on emergency measures to protect purchasing power lets employees release, on request made until 31 December 2022, profit-sharing and incentive sums invested before 1 January 2022, to pay for goods or services. The release, in one go, is capped at €10,000 net of social levies and keeps the income tax exemptions. Retirement savings plans and solidarity funds are excluded. The article comes from an amendment by the Senate rapporteur, Frédérique Puissat.
Measure originators
No official estimate found for this measure.
Measure impact
Employees with locked-in employee savings could withdraw up to €10,000 before the normal five-year period, free of income tax, provided they used the sums for purchases and kept proof. Releasing company shares required a collective agreement. Requests had to be made by 31 December 2022.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si échec CMP
Joint committee
Désaccord éventuel
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)