Financial product

Climate Futures Savings Plan: What information do you have to report to tax authorities?

Publié le 10 décembre 2024 - Directorate for Legal and Administrative Information (Prime Minister)

The Climate Futures Savings Plan (CFAP) is a medium- and long-term savings product that has been available since the 1 ster July 2024. A decree issued in Official Journal December 5, 2024 specifies the financial data you must provide to the tax authority when you have a PEAC.

Climate Futures Savings Plans are reserved for young people under the age of 21, allowing them to invest in financial securities of businesses or organizations financing green transition projects.

The sums that are saved in a climate savings plan in the future can yield gains, as the value of the securities in which they have been invested increases. These gains are, in general, exempt from income tax and social security contributions.

A decree issued in Official Journal 5 december 2024 states that, despite that tax exemption, Taxpayers are required to report on their tax return the net gains realized in their CECP.

Please note

The organization that manages your PEAC also reports to the tax administration:

  • your name, first name and address;
  • the opening date of your PEAC;
  • the references of your savings plan (cumulative amount of payments made since the opening of the plan, amount of withdrawal or redemption made if applicable...).

Reminder

You can subscribe a climate futures savings plan in particular to:

  • a bank or other credit institution;
  • an insurance company;
  • an investment company;
  • a mutual or a union of mutual societies.

You can open a PEAC for your child at birth; at age 18, the child can withdraw the money.

Additional topics

Agenda

See all due dates