Tax increaseIn effectSocial security and healthcareNational

Doubling of employer contributions on top-hat pensions (defined-benefit schemes)

The August 2012 Amending Finance Act doubles the rates of employer contributions on defined-benefit supplementary pension schemes ("top-hat pensions", Article L. 137-11 of the Social Security Code). The contribution on annuities rises from 16% to 32% for pensions starting from 1 January 2013. Contributions on premiums and allocations rise from 12% to 24% and from 24% to 48% for financial years starting after 31 December 2012.

Measure originators

InitiatorGDR

Annie David

Gauche Démocrate et Républicaine

Impact on public finances

No official estimate found for this measure.

Effective date

1 January 2013

Measure impact

The measure raises the cost to companies of supplementary pensions guaranteed to some senior executives. It comes on top of the beneficiary contribution created at the end of 2011. No official estimate was found.

Official references

Law number: Loi n° 2012-958 du 16 août 2012 (LFR 2012), art. 32

Official Journal: JORF n° 0190 du 17 août 2012

View on Légifrance

Sources

Loi n° 2012-958 du 16 août 2012 de finances rectificative pour 2012Official

17 August 2012

Procedure timeline

Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.

100%

5 / 5 steps

Completed

1 January 2013

Administrative implementation

Application

Entrée en vigueur de la mesure et mise en œuvre par l'administration

Application aux rentes des retraites liquidées à compter du 1er janvier 2013 et aux versements des exercices ouverts après le 31 décembre 2012 (art. 32, II).

Source

Completed

16 August 2012