Securities accounts, or "financial instrument accounts", are used to purchase, hold and sell securities, such as equities, bonds, shares in mutual funds, Exchange Traded Funds (ETFs) and warrants.
A PEA (literally "Plan d'Epargne Actions" or equity savings plan) is a securities account that does not require payment of taxes on dividends and capital gains,subject to certain conditions.
The Barclays advantage
Investors in Barclays securities accounts and PEA may access to self-managed", "profiled", "advisory" or "discretionary" management service
|PEA account||Securities accounts|
|Eligibility||Individuals with their tax domicile in France||Individuals regardless of their tax domicile|
|Maximum number||One plan per person and two per couple within the same taxable household||No maximum number|
|Tax exempt||Yes||No -tax reduction on certain securities held for a specified time.*|
|Maximum investment||150 000 €||Unlimited|
|Eligible securities (partial list)||i/ Equities and equivalent securities
ii/ French and European UCITS
|All types of securities|
|Availability of funds||Any time||Any time|
|Management service available at Barclays||
*For shares in companies or in UCITS that are at least 75% invested in equities, there are two types of tax abatement mechanisms on capital gains subject to personal income tax.
It should be noted that these allowances also apply to capital losses and depend on how long the securities are held.
After deduction of the tax abatement, capital gains are subject to personal income tax at the standard progressive rate scale.
For French tax residents capital gains are also subject to social security taxes, which are applied to gross capital gains before abatement.
|Barclays account||Barclays Bourse On Line||Barclays Bourse Conseil||Barclays Premier Choice||MF Mandat / Le Mandat Mixte|
|Minimum investment||0 €||75 000 €||10 000 €||50 000 €
250 000 €
You alone select, buy and sell investment vehicles
A dedicated Advisor Manager who is an expert in financial markets will assist you with your investment decisions. You remain in charge of all buy and sell
Your Advisor helps you with your investment decisions. You remain in charge of all buy and sell
You delegate the management of your portfolio to a Manager who will follow an investment strategy according to your investment goals and profile
|Supports de placement||Toutes valeurs mobilières||Actions
|Investment vehicles||All securities
|Equities bonds ETF
|Equities Mutual Funds
|Withdrawal from the PEA account||Effect on the account||Tax consequence|
|Before 2 years||Closing of the account , Securities and cash are transferred to a regular account||Capital gains are taxed at 22.5% + social security taxes(2)|
|From 2 to 5 years||Closing of the account||ta-original-title="" title=""> Capital gains are taxed at 19% + social security taxes(2)|
|From 5 to 8 years||Closing of the account||Only social security taxes are due(2)|
|After 8 years||The account may remain open but no more additional cash deposit to proceed to further investments are allowed.||Only social security taxes are due.(2)|
(2) The rate used for social security taxes calculation is the applicable rate upon account closing, if funds are withdrawn before five years, and only if a net gain was realised for after five years withdrawal.
The social security tax rate is currently 15.5%.