ExemptionIn effectCapital taxationNational
Livret A savings ceiling raised by 25% and LDD ceiling doubled
Two decrees of 18 September 2012 raised, from 1 October 2012, the deposit ceiling of the Livret A savings account from €15,300 to €19,125 and doubled that of the sustainable development savings account (LDD) from €6,000 to €12,000. Interest on these accounts is exempt from income tax and social levies.
Measure originators
InitiatorGVT
Pierre Moscovici
Gouvernement
Amount
19,125 €
Impact on public finances
No official estimate found for this measure.
Effective date
1 October 2012
Measure impact
Concerns savers holding a Livret A or LDD: they can place more savings in products with tax-exempt interest. The Livret A ceiling was raised again on 1 January 2013; the LDD ceiling remained at €12,000.
Official references
Law number: Décrets n° 2012-1056 et n° 2012-1057 du 18 septembre 2012
Official Journal: JORF n° 0218 du 19 septembre 2012 (textes n° 7 et 8)
Sources
19 September 2012
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
100%
2 / 2 steps
Completed
1 October 2012Entry into force
Application
Immédiate ou à la date prévue
Entrée en vigueur des nouveaux plafonds le 1er octobre 2012 (article 2 du décret n° 2012-1056).
Completed
19 September 2012Publication in Official Journal
Publication
Publication des décrets n° 2012-1056 et n° 2012-1057 au Journal officiel n° 0218.