Transcription
What is extraordinary about our politicians is that they have boundless imagination when it comes to taxes. There, if they put as much pugnacity into trying to find a way to cut back and make it cost us less. We would be the first country on the planet, I am sure and certain. So today, I am going to talk about pensions. Yes, because the state has just invented something with the retirement savings plan, and it's going to cost you a fortune. Why am I explaining this to you? Because quite simply, there was a very discreet amendment that will turn your PER into a fiscal trap. It's now. What the government is trying to do is above all how to get out of it and financially ruin you. Quite simply because this amendment was voted on. So, what seems completely aberrant to one person, collectively, everyone seems to be OK with it. So, it's a socialist deputy who invented this thing, and everyone said, "Yes, it's perfect." Why do I say that? Because from now on, your retirement savings plan will be automatically liquidated. Yes, you heard me right, at the moment you retire, meaning all the money comes out at once, in a single go, so no more gradual withdrawals. It's as if, in fact, you had saved candy your whole life, you see, to enjoy it quietly and eat at your leisure, you see? And except that now, with the system, well, we will force you to go and eat it all at once on the day of your retirement. Result, you will have a stomach ache, you will not enjoy it, and above all, you will have a very bad time from a financial point of view. So you will tell me, why is the government doing this? What is its interest? Well, in fact, it's really simple, they want to recover taxes immediately, right away. And by forcing people to withdraw their PER all at once, they trigger immediate large tax revenues. You see, it's as if they were sitting down to eat before you. You cooked for 30 years, you retire, and boom, they serve themselves first. And all this, they justify it by simplification. But in reality, it's just an acceleration of your taxation. Concrete example, you will receive for example €100,000 from your retirement savings plan at age 64. If you are already taxed at 30%, you will go directly to 41% or even 45% marginal tax bracket. Because generally at 64, you don't have children you claim on your tax return. OK, unless you had them very late. So on top of that, obviously, you will add social contributions, and you will give more than half to the tax administration. Do you see what I mean? You work for 30 years, and they tell you thank you, we'll take more than half.
Before, what made the retirement savings plan, the PER, strong was its flexibility. You could adapt it to your pace: staggered withdrawals, capital plus annuity, intelligent structuring depending on your tax rate. You weren't forced to withdraw it all at once. And that was before. And now, we will lock you into a single box. And your toolbox. You know what? Well, here, we put two locks, so you can't get out. In fact, you will also tell me, "Yes, but wait, Patrick, you're exaggerating, there's the flat tax to save the thing." Well, not really. First of all, because the flat tax is likely to increase, but there are still two parts to your retirement savings plan. The first is the gains. And yes, these interests can be taxed at the flat tax rate. Well, that's already 30%, but it could be 33%, 36%, or even more for some political parties. Secondly, the capital itself. However, the contributions that were deducted at the start, all that, will be taxed at the progressive scale. And that's why I'm telling you that your tax bracket will explode. So, if I recap, the retirement savings plan was a good plan. I'm using the imperfect tense because, frankly, we can ask ourselves questions. But the reform, therefore, imposes a brutal withdrawal at retirement. So you will pay maybe more than 50% tax on your own money, which is simply unimaginable. And the flat tax only applies to a part. In fact, in reality, it's a maneuver to get money into public coffers quickly, even if it means ruining you regarding your retirement. If you find it normal that you are forced to withdraw your own money this way, super cool. If you think it's a fiscal trick, give me your opinion in the comments, I really want to know what you think. See you very soon and good luck.