For amounts resulting from voluntary tax-deductible contributions upon entry :

As an annuity:

If you choose to receive your benefits as an annuity, income tax is calculated according to the rules applicable to pensions and retirement benefits. The annuity is partially subject to social security contributions; the taxable portion depends on your age (from 30% if you are over 69 to 70% if you are under 50) at the time of conversion to an annuity.

In capital:
- The portion of capital corresponding to voluntary contributions is taxed according to the progressive income tax scale (Marginal tax rate).
- Capital gains will be taxed according to the single flat-rate levy of 31.4% (Social security contributions 18.6% + Income tax 12.8%) or by opting for the progressive tax scale.

For amounts resulting from non-tax-deductible voluntary contributions :

As an annuity:

In the event of payout as an annuity, income tax is calculated according to the rules applicable to life annuities purchased for valuable consideration.

In capital:

In the event of a lump-sum withdrawal, only capital gains will be subject to taxation according to the single flat-rate levy of 31.4% (Social security contributions 18.6% + Income tax 12.8%) or by opting for the progressive tax scale option.

What are the tax implications if I transfer my life insurance to my PER Collectif or PER Obligatoire?