Madelin - New limits on deductible
Fillon law of 21 August 2003 that the reform Pensions has set new limits on deductible no longer flat but depending on the declared net income.
other hand, the envelopes of deductibility are independent of each other: a ceiling for retirement, a ceiling for the pension, a ceiling for the job loss suffered: see table below.
Until 2008, the two systems will coexist for contracts signed before September 20, 2003: NER may choose one or the other calculation of deductibility. • Retirement
:
The ceiling is 10% of taxable income limited to 8 times the maximum annual Social Security (PASS) which is € 29,712 in 2004, representing a net income of € 237,696 which is added 15% of taxable income between 1 and 8 assists.
should be inferred from the ceiling, the matching contribution made by the company or liberal or independent activity at PERCO (Plan d'Epargne Retraite Collectif). This matching contribution is limited to 4,600 € per year.
• Welfare:
The ceiling is 3.75% of taxable income limited to 8 times the PASS. At this amount is added to a 7% PASSS. The upper limit of the sum of these two amounts may not exceed 3% of 8 PASS, a deduction of up to € 7,131 Welfare (3% * € 237,696)
• Job loss suffered:
The ceiling is 1.875% of taxable income is limited to 8 Once the PASS. At this amount is added to a 2.5% PASSS. The upper limit of the sum of these two amounts can not exceed 1.5% 8 PASS, a deduction of up to € 3,565 Welfare (1.5% * € 237,696)
New Limits on deductible Fillon Act :
Benef Net Contribution Retirement déductible
30 000,00 € 3 043,00 €
40 000,00 € 5 543,00 €
50 000,00 € 8 043,00 €
60 000,00 € 10 543,00 €
70 000,00 € 13 043,00 €
80 000,00 € 15 543,00 €
100 000,00 € 20 543,00 €
110 000,00 € 23 043,00 €
120 000,00 € 25 543,00 €
130 000,00 € 28 043,00 €
134 693,00 € 29 216,00 €
140 000,00 € 30 543,00 €
150 000,00 € 33 043,00 €
160 000,00 € 35 543,00 €
170 043,00 € 000,00 € 38 € 40
180 000.00 € 543.00
190 000,00 € 43 043,00 €
200 000.00 € 543.00 € 45 210
000,00 € 48 043 , 00 € 000,00
220 € 50 € 543.00
237 696,00 € 54 € 967.00
Benef. Net pension deductible contribution
30 000.00 € 205.00 € 3 € 3
40 000.00 50 000.00
€ 580.00 € 955.00 € 3
60 000.00 € 4 330,
70 000,00 € 00 € 4 80 000.00 € 705.00 €
5 080,00 €
100 000,00 € 5 830,00 €
110 000,00 € 6 205,00 €
120 000,00 € 6 580,00 €
130 000,00 € 6 955,00 €
134 693,00 € 7 131,00 €
140 000,00 € 7 131,00 €
150 000,00 € 7 131,00 €
160 000,00 € 7 131,00 €
170 000,00 € 7 131,00 €
180 000,00 € 7 131,00 €
190 000,00 € 7 131,00 €
200 000,00 € 7 131,00 €
210 000,00 € 7 131,00 €
220 000,00 € 7 131,00 €
237 696,00 € 131.00 € 7
Benef. net job loss sustained contribution deductible
30 000.00 € 306.00 € 1
40 000.00 € 493.00 € 1 € 1
50 000.00 60 000.00 € 681.00
€ 1 € 868.00
70 000,00 € 2 056,00 €
80 000.00 € 243.00 € 2 € 2
100 000.00 110 000.00 € 618.00
€ 2 € 806.00
120 000.00 € 993.00 € 2 130 000,00
€ 3 134 693,00
€ 181.00 € 268.00 € 3 140 000,00
€ 3 368.00
€ € 3 150 000.00 160 000.00 € 556.00
€ 3 € 556.00
170 000.00 € 556.00 € 3
180 000.00 € 556.00 € 3 190 000,00
€ 556.00 € 3 200 000.00 € 556.00 € 3 210 000,00
€ 3 220 000,00
€ 556.00 € 556.00 € 3 237 696,00
€ 3 € 556.00
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