The retirement savings plan, more commonly known as PER, is a retirement savings product available since October 1, 2019. There are 3 different types of PER, intended for different audiences: the collective company PER, obligatory company and the individual PER. It is the latter that is in question here. It succeeds the popular retirement savings plan, known as “Perp”. This plan is part of the long term, allowing you to save certain amounts throughout your working life, which will be paid to you in the form of a pension or annuity once you retire.

The PER is open to everyone, that is to say that it is not subject to any conditions, in particular the sector of employment or the age of the employee wishing to subscribe to it. You are free to pay into it when you want the sums you want while staying below the ceilings, and this throughout your working life. It is also possible to transfer funds from a company PER.

In the event that the holder of a PER dies, the sums saved until then will be paid to his heirs, or to the beneficiaries designated in the contract, in the form of a single payment or an annuity. Technically, this plan is designed so that its holders can somehow contribute in order to inflate their retirement pension when the time comes. However, its use can also go further.

Indeed, as stipulated by our colleagues from Le Parisien, the opening of a PER is in no way subject to an age limit. It would therefore be entirely possible for you to open a PER for your child and manage it until he reaches majority. This will give you a certain tax advantage in the transmission of your capital. Indeed, your offspring may have recourse to a case of early release of these funds, in particular in the case of the purchase of a second home.

Find below the 10 pitfalls to avoid when managing your PER, according to Le Journal des Seniors.