Are my TotalEnergies shares held in a PEA blocked? TotalEnergies shares purchased as part of a PEA are not blocked.
If they are sold and the sale price remains in the PEA, they are not taxed.
If the shares are sold and/or the shares or sale proceeds are withdrawn from the PEA, the following tax consequences apply according to the regulations: - If it occurs within five years from the time the PEA
was opened, the PEA is closed(3) on the date of the withdrawal and the net gain realized in the plan is taxed at the single flat rate of 12.8%, except if taxation under the ordinary income tax regime - progressive scale - is chosen, and is subject to social contributions.
- If it occurs after the fifth year, partial withdrawals are tax-exempt; the account no longer needs to be closed and new investments remain possible.
Can my TotalEnergies PEA shares be registered? TotalEnergies shares held in a PEA can be registered if you request your bank or broker to do so, but we discourage shareholders from declaring PEA-account shares as registered shares (see page 10).
MAGENTA YELLOWCYAN
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Date : 26/05/2021
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2 The various social contributions are only payable when withdrawing assets from the PEA Since January 1, 2018, social contributions are due at the rate applicable at the time of withdrawal. The rate is 17.2% in 2023.
This rate therefore applies to net gains realized and life annuities paid when withdrawing assets or closing a PEA. If the PEA was opened after January 1, 2018, the previous regime, under which social contributions were based on historic rates effective the year the assets were acquired or gains realized, no longer applies.
However these historic rates continue to apply to the portion of PEA gains acquired or recognized before January 1, 2018, irrespective of the date on which the PEA was opened.
If the PEA was opened between January 1, 2013 and December 31, 2017, the historic rate applies to the portion of gains realized during the five years following the date on which the PEA was opened.
Example
If on May 31, 2023, a shareholder withdraws a portion of his shares from a PEA opened on January 1, 2000, the PEA is not closed. The portion of gains realized or recognized between January 1, 2000 and December 31, 2017 will be subject to the historic social contributions rates. The portion of gains realized or recognized between January 1, 2018 and May 31, 2023 will be subject to the social contributions rates applicable on May 31, 2023.
(3) By way of derogation, the PEA is not closed when the withdrawal or buyback result from certain exceptional events affecting the plan holder or his/her spouse or partner (dismissal, early retirement, disability). The exception for partial withdrawals justified by the creation or takeover of a business is maintained.
Shareholder s Guide I Issue 2023
