All about sustainable development booklet

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development sustainable mill booklet
Savings, which contributes to the development of the economy and the protection of the environment

Holder

  • Any taxpayer, physical person, having his tax domicile in France.
  • A single booklet sustainable development by taxpayer, at Société Générale, or in another institution (two for a couple).
  • No joint account opening.

Open an account boursorama

Duration

Unlimited.

Payments

  • Regular, monthly or quarterly payment for a minimum amount of: 45 EUR according to Bank.
  • Payment ceiling: capitalized 12 000 EUR, excluding interest (before 2012 less €6,000 including interest).
  • Minimum balance: No.
  • Minimum payment: most institutions require the sum of €15.

Remuneration

  • 0.75 %(1) net per year.
  • Calculation of interest biweekly.
  • Interest capitalized on 31 December and credited early January.

Availability

Total and immediate, without fees or penalties (2).

Taxation

Exempt interest income tax and social contributions (3).
Statements of account
  • A monthly statement is sent to you once your account has worked in the past month.
  • A record is systematically sent to you in January, with the annual interest capitalized.

FAQ

Who can open a LDD?

To open a sustainable development booklet, you must being major, taxpayer, have your tax domicile in France and do not hold an another sustainable development booklet. If you go abroad and become non-resident tax, you can keep your LDD.
Each spouse of a tax household may hold a sustainable development booklet and thus save up to 24 000 EUR totally exempt of income tax and social security contributions.
You can open a sustainable development booklet in a different bank from your personal account.

Is it possible to have a LDD in joint account?

It is not possible to open a joint account or group account LDD.

How does the DDL?

At the opening, the minimum payment is EUR 10. Payments are free and can be made in cash, by cheque or by transfer.
With our free service click regular, you can implement regular of your personal account and automatic transfers to your sustainable development booklet. You can also make your transfer on the Internet from your customer area.
Withdrawals are possible at any time free of charge:
-either by transfer of your sustainable development booklet to your account of individuals from our distance banking services online, by Internet or telephone;
– either directly to your agency.

 

How does biweekly earnings?

Funds must remain continuously on the savings for a specified period to generate interest: from the 1st to the 15th of the month included, or 16-last day of the month included.
These interests are credited only once on your HDD in January of the following year.
They come add to capital already place on the LDD and can then make it exceed the ceiling on payments of 12 000 EUR for the LDD.
To collect the maximum amount of interest: make your payments at the end of fifteen and realize your withdrawals at the beginning of fortnight.
If you deposit your money the 1st two weeks of the month, reported you interest from the 16th of the month. If you drop it in the 2nd half, the interest shall be calculated from the 1st of the following month.
Example: you pay a sum of money on 10 February, the interest shall be calculated from February 16.
If you make a withdrawal during the 1st half of the month, this sum stops earn interest from the 1st of that month. If you make your withdrawal in the 2nd half, your money produces more interest from the 16th of the month.
Example: you withdraw your money on 5 February, the interest shall be calculated until 31 January.

 

What is a "payment limit"?

Certain regulated investments are capped. This means that the total amount of the payments is therefore limited. So you can thus not pay more than 12 000 EUR on the LDD.
When your booklet has reached its ceiling, deposited checks or on scheduled payments are automatically rejected and re-credited to your personal account.
The interests of the year come on the other hand add to the existing capital and can then make it exceed the ceiling on payments.
Example: you have 11 980 EUR on your HDD. Your payment programmed
EUR 50 is there will not be credited since the ceiling is EUR 12 000. You can then ask the sum of €20 to be paid on your HDD, and that your future payments are assigned to another account. Your agency Advisor will be able to present you all the possibilities of savings that are available to you.

What is RIB RICE RIP?

Spoken record of Bank identity (RIB) for a given by a bank record of postal identity (RIP) for a given by the Postal Bank, and record of identity of savings (RICE) to an account held by a fund savings.

Can we get to the LDD rib?

As you can not have direct debit, in practice the banks are reluctant.
In some banks, you can use an ATM card in ATMs bearing the sign of the Bank.

Levy/direct debit transfer (pay) on a LDD

The domiciliations of transfers are prohibited in account agreements that I read. A LDD can be supplied only in cash or by transfer from the account of the holder of the record.

If I'm underage?

A LDD can be opened for a minor but he can freely withdraw the amounts contained therein until the age 16, except opposition of their representative legal.

Use of funds, or what is the booklet of sustainable development?

The savings on the LDD is in part used by the Caisse des dépôts and consignments for financing granted to small and medium-sized businesses and for projects to vocation 'sustainable development' as energy insulation and protection of the environment. Funds are guaranteed by the State as the booklet or LEP.

According to wikipedia

Features

It's a savings account to view created to raise funds for the financing of energy-saving work in old buildings, it is also used for the financing of small and medium-sized enterprises (SMEs). Since the , it replaces the codevi ("industrial development account") booklet 1. It has the advantage to be totally region (net of taxes and social security contributions).

 

(1) annual nominal rate net of income tax and levies in force on the 01/08/2015, capable of change by the public authorities. The interests are calculated per fortnight and credited on sustainable development booklet each year beginning January and forthright themselves interests.
(2) no operation can have the effect to accounts receivable.
(3) subject to wealth tax.
Rates and conditions in force at 01/08/2015.

Any natural person having his tax domicile in France is eligible for a booklet of sustainable development, capped at €12,000 (excluding interest capitalisation) since October 1 20123.

A single booklet of sustainable development can be opened by taxpayer or one for each of the spouses or partners bound by a Covenant civil solidarity (pacs), subject to a common tax (two booklets of maximum sustainable development by tax household) 4.

Since 2003, the interest rate is identical to that of the livret A. Since August 1, 2015, it is 0.75%.

Payments are free. No minimum balance is required legally, but the Bank may impose a (often €10 or €15). Today, its ceiling of €6,000 until September 30, 2012, is set at €12,000. The capital remains available at all times.

Interest is calculated per fortnight, according to the principle, in France, in regulated booklets (payments have a value applied the first day of the next fortnight, withdrawals, the last day of the previous fortnight).

The amounts collected are intended to finance investments of SMEs ('loans codevi') in the secondary sector according to specific criteria (French companies, less than 80 M turnover €…) and the work of energy saving for individuals. This resource is also used to finance, within the limit of 10%, the development of communities in support of SMEs.

History

Account for industrial development

The account for the money or industrial development was established in 1983 (Act No. 83-607 of 8 July 1983). It was a savings product distributed by all the banks on the french territory and was totally tax-free. He was part of savings products, the terms are directly fixed by the State ("administered savings"). October 10, 2006, Prime Minister Dominique de Villepin announced an increase in the ceiling of the Codevi of between € 4 600 and € 6,000 and the extension of the use of the Codevi resources to the financing of equipment for saving energy and renewables to destination of individuals and eligible for the tax credit targeted on the equipment creating the LDD.

In August 2012, the Government announced an increase in the ceiling of the LDD. Ceiling of €12,000 in force on 01/10/2012 set by Decree No. 2012-1056 published in the OJ on 19 September 2012.

Libretto by sustainable development

Since the the codevi is replaced by sustainable development booklet (LDD) and keep the same financial characteristics than its predecessor. Banks can darted this savings for the financing of equipment for energy savings in the homes of individuals.

Text of law

  • Law No. 96-209 of 14 March 1996 to extend to local authorities and their groupings, access to loans from funds deposited on accounts for industrial development in order to support the development or the establishment of small and medium-sized enterprises and to create an obligation to provide information on the use of these funds (O.G No. 68 of March 20, 1996 page 4257)

 

Notes and references

  1. ^ A b "in all regulatory provisions, references to the account for industrial development as well as those relating to the codevi are replaced by the reference to sustainable development booklet. ', Article 5 of the Decree n ° 2007-161 of February 6, 2007 relating to the sustainable development bookl[archive]et, Légifrance
  2. ↑ Read the press release of the Caisse des dépôts [archive]
  3. ↑ Article D221-103 of the monetary and financial code, modified by Decree n ° 2012-1057 September 18, 2012 carrying double the ceiling of the sustainable development booklet [archive]
  4. ↑ Savings in the short term: booklet of sustainable developmen[archive]t on service – public.fr

Julien Floer

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Auteur du site http://richesse-et-finance.com , financier et une envie de réussir!

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