Exceptional tax-free release of employee profit-sharing savings (July-December 2013)

The Act of 28 June 2013 allowed employees to request, between 1 July and 31 December 2013, a one-off release of profit-sharing (participation and intéressement) amounts allocated before 1 January 2013, normally locked for five years, up to €20,000 net of social levies. The money had to fund the purchase of goods, notably cars, or services. Assets in collective retirement savings plans and solidarity funds were excluded; releasing company shares or participation held in a blocked current account required an agreement. The amounts kept their income tax exemptions.