Retirement and employee savings
PER collectif (company retirement savings plan)
Workplace retirement savings, funded by profit-sharing, incentive payments and employer top-ups.
Overview
Set up by the employer, the company PER lets employees save for retirement with a top-up from the company.
The company PER, successor to the PERCO, receives the employee's voluntary contributions, incentive and profit-sharing payments and the employer's top-up. The top-up is capped at three times the employee's contribution and at €7,690 in 2026. Sums from employee savings schemes are exempt from income tax on the way in. On exit as capital, only gains bear social contributions (18.6% in 2026). Savings are locked until retirement, except in release cases.
How it works
Funding
Contributions, incentive, profit-sharing, top-up
Management
Funds offered by the company
Retirement
Capital, annuity or a combination
Key points
Strengths
- Employer top-up of up to three times the employee's contribution and €7,690 in 2026
- Profit-sharing and incentive payments invested free of income tax
- Lump-sum exit free of income tax for sums from employee savings schemes
- Early release possible (purchase of main home, life events)
Points to watch
- Available only where the employer has set up the plan
- Capital locked in until retirement, except release events
- Fund choice limited to the company's range
- Management fees sometimes high
Who it is for
Employees whose company has set up a plan and who receive incentive or profit-sharing payments. Investing these sums in the plan instead of taking them in cash changes their taxation. The fund choice is limited to the company's range.
Worked illustration
Example based on assumptions
Assumptions: an employee allocates €3,000 of incentive pay to the company PER, and the company tops it up by 50%, i.e. €1,500, within the €7,690 limit for 2026. The €3,000 escapes income tax, a saving of €900 at a 30% marginal rate. The €4,500 remains locked until retirement, except for release events.
Regulatory information
This sheet is a general information document of a commercial nature. It constitutes neither personalised investment advice, nor a recommendation, nor a solicitation, and it is not a key information document. Any decision requires a prior analysis of your situation by a duly authorised professional. Investments carry a risk of capital loss. Past performance is no guide to future performance. Taxation depends on each person's situation and may change.
Savings unavailable until retirement or for five years, except in the cases provided by law. Unit-linked investments carry a risk of capital loss. The tax advantage on entry is matched by taxation on exit, depending on the exit method chosen. Annuities are taxed as pensions.
Complaints and mediation
Any complaint may be sent to ASTERALE, 4 allée Django Reinhardt, 94110 Arcueil, France, or to sebastien.bailly@asterale.fr. Failing a satisfactory reply within two months, you may refer the matter to the competent mediator. For financial investment advice: the AMF Ombudsman (Médiateur de l'AMF), 17 place de la Bourse, 75082 Paris Cedex 02 (www.amf-france.org/fr/le-mediateur). For insurance broking and intermediation, banking and payment services intermediation and property transactions: ANM Conso, 2 rue de Colmar, 94300 Vincennes (www.anm-conso.com, contact@anmconso.com).
Information sheet updated on 6 October 2026. Download the sheet (PDF)
Book a meeting
The first meeting, of about an hour, is used to check whether this scheme has a place in your wealth.