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Since January 1, 2018, social contributions are due at the
rate applicable at the time of withdrawal. The rate is 17.2%
in 2024.
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 July 31 2024 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 July 31 2024 will be subject to the
social contributions rates applicable on July 31 2024
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
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proceeds are withdrawn from the PEA, the following tax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).
© N K P r o d u c t i o n - T o t a l E n e r g i e s
