Figures are without appeal : the interest rate on a day-to-day is negative. The banks can not make a miracle, short-term investments related little. Very, very few. The sicav currency displayed logically a negative performance (– 0,35 %) from a year ago. In this context, the Booklet A Booklet and sustainable development (LDD), whose rate is fixed by the public authorities, seem to 0.75 %, almost miraculous. Has one detail : the inflation is expected to reach 1.80 per cent this year. This means that the interest earned in one year on a Booklet do not compensate for the price increase. In other words, investors lose money.
Admittedly, the situation is even worse if you leave your money in your current account, unpaid. “The real yield of the Booklet Has, that is to say, after inflation, is certainly negative. But remember the 1980s : the Booklet Has reported 8,50 %, while the price increase amounted to 13 %. The current situation is therefore far from being dramatic “, says Philippe Crevel, director of the Cercle de l’epargne. The Booklet Has remained so, in spite of everything, the best envelope to place your precautionary savings, because it is both without risk, completely liquid (you can retrieve your savings when you want it to) and is exempt from taxation and social levies.
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“The miraculous product safe, liquid, and related more than inflation does not exist. Suspicion if you are ” reminds us of his side, Guillaume Eyssette, director partner of the law firm of wealth management Gefineo. The financial markets Authority (AMF) and the Autorité de contrôle prudentiel et de resolution (ACPR) are regularly warned the public against companies offering investments with promises of performance are not sustainable. Flee, therefore, if you are offered an investment safe and too profitable to be honest !
On the other hand, you can get a higher return than the Booklet Has if you agree to make concessions to either the security or liquidity. Thus, the housing savings (PEL) constitutes a good alternative to the Livret A, to condition for having had the good idea to open one a few years ago, when compensation was still favourable. Because, it is the secret weapon of the ELP, the compensation is fixed once and for all at the opening. Thus, the PEL open between 1 February 2015 and 31 January 2016) still report a 2 % gross, while those opened between August 1, 2003 and January 31, 2015 have an interest rate of 2.5 % gross.
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Attention, the interests of the ELP are subject to social contributions (17.2 per cent) if they have less than 12 years of age or levy a tax (single or “flat tax” of 30 %) if they have more than 12 years. The PEL open between 2003 and 2015 bring in a 1.75 % net if they have more than 12 years and 2.07 % net in the case to the contrary. Rates were much higher than that of the Livret A. Attention, on the other hand, the PEL opened since the 1st January 2018 : they are 1 % gross, but are subject to the flat tax from the first year, who brought down their net pay to 0.70 %.
It is therefore necessary to ascertain precisely what is the remuneration of your PEL before you decide to pay your excess cash. Because this envelope has many more constraints than the Livret A. It is much less liquid. In effect, the withdrawal results in the closing of the plan, regardless of age. In addition, it is required to make payments each year, is at least 540 euros per year.
Another alternative to the Livret A, the funds in euros of life insurance allows you, too, can invest their money without risk, since the capital is guaranteed. It has been reported on average at 1.80 % in 2017, or approximately 1.50 % after tax or social contributions. “The performance of the fund in euro should stabilize at about 1.70% to 1.80% in 2018. The best contracts will still be more than 2.5 % likely “, says Philippe Crevel. Rates that remain competitive in the world of investments without risk.
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“The funds in euros is a good alternative to the Booklet, provided you have a minimum of 18 to 24 months ahead, focusing on the contracts without rights of entry,” says Guillaume Eyssette. Next to liquidity, it is still possible to exit at any time. But be careful, it generally takes three to four weeks to receive the funds. In addition, the taxation depends, among other things, the age of the contract. Thus, the amounts paid since the 27th of September 2017, the winnings are subject to withdrawal unique tax of 30 %, social contributions included, regardless of the age of the contract. If your investment horizon is longer than two years, you may also be interested in the units of account (UA) of life insurance, focusing on media at moderate risk, such as flexible funds. But, if you make this choice, you will have to waive the guarantee capital and liquidity.