Cost of Living Act – measure for the exceptional release of company savings (PEE)

As announced in the newsletter on September 9, the package of urgent measures to help French residents cope with the rising cost of living includes a measure for the exceptional release of company savings. Practical details

On an exceptional basis and under certain conditions, staff can release funds received via the profit-sharing scheme and invested in the Company Savings Plan (PEE) before January 1, 2022, without having to pay tax on them.

The Institut Pasteur management team will cover the costs associated with this exceptional early release (€8 if the request is made online or €18.30 if requested by post).

This Webcampus page contains detailed information about the practical arrangements (FAQ, step-by-step guide from Natixis, etc.)

To submit a request before December 31, 2022:
Staff can submit a request for exceptional release of savings to Natixis Interépargne, the financial intermediary and manager for the Institut Pasteur's Company Savings Plan, in one of two ways: 

•  Via your personal site on the website or through the mobile app (after downloading the update) – click on "Vos opérations" (Your transactions) then "remboursement" (refund):

•  Or via the interactive voice server

We would remind you that funds can only be released under certain conditions:

•  The amounts must have been received from the profit-sharing scheme and invested in the Company Savings Plan before January 1, 2022 , excluding "FCPE solidaires" (solidarity-based employee mutual funds);

•  Only one application can be made per saver. Applications to release funds must be made before December 31, 2022;

•  The maximum net amount that can be released is €10,000;

•  Applications must be justified by the purchase of goods or services (make sure you keep proof of payment for these purchases in case the tax authorities carry out checks);

•  The amounts released are not treated as taxable income but capital gains remain subject to social security contributions of 17.2% (in accordance with the usual rules for company savings).

This message has been sent out in application of the Act introducing urgent cost-of-living aid measures.