In 2024, with changing interest rates and an uncertain economic context, it is essential to choose where to invest your savings. Three classic solutions stand out: Book A,life insuranceand the PEL (Housing Savings Plan). Each of these options has advantages and disadvantages that need to be known before making a decision. Here is a guide to help you choose the placement that best fits your needs and goals in 2024.
1. Booklet A: Safety above all
The Book A remains one of the French' favourite placements. He is appreciated for his Security, its liquidity immediate, and sound Tax exemption on interests. However, in 2024, his rate of pay remains moderate and often below inflation, which can reduce the real value of your long-term savings.
A. Benefits of Booklet A
The main advantage of Book A is the security it offers. Your deposits are guaranteed by the state, making it a risk-free investment. In addition, you can withdraw your money at any time without losing your interest.
Why choose Book A:
- Total security : no capital loss possible.
- Immediate availability : saving is liquid, so accessible at any time.
- No taxes : interest is totally exempt from taxes and social levies.
B. Disadvantages of Book A
The main disadvantage of Book A is its low yield. In 2024, the rate of Book A is expected to remain low, often below inflation, which means that the value of your money can depreciate over time.
Points to consider:
- Low profitability : a rate that does not allow you to increase your savings significantly.
- Limited ceiling : you can only deposit 22,950€ maximum, which can be a constraint for large savers.
2. Life insurance: a flexible and profitable long-term investment
Llife insurance is a very popular placement in France, especially for medium and long term objectives. It allows diversify its investments, notably through secure euro funds or more risky but potentially more profitable units of account.
A. Benefits of life insurance
Life insurance is one of the most versatile investments on the market. It makes it possible to adapt its investment according to its Risk profile, combining security and performance. You can choose between funds in euro, providing protection of capital and stable remuneration, Units of account, which open access to financial markets (shares, bonds, SCPI, etc.) with higher yield potential. This flexibility makes it a popular solution for both prudent investors and those looking for long-term performance.
Another major asset lies in the advantageous taxation life insurance. After Eight years of detention, withdrawals benefit from annual allowance on taxable earnings, thereby reducing the tax burden on investors wishing to take advantage of their savings. In parallel, this placement is an effective tool for heritage transmission. It makes it possible to freely designate the beneficiaries and to transmit capital Non-inheritance, with reduced taxation under certain conditions.
👉 Why choose life insurance ? Because she combines efficiency, optimised taxation and facilitated transmission. Well managed, it can become a real heritage lever, both to prepare its retirement and to organize its succession in the best conditions.
B. Disadvantages of life insurance
Life insurance may include Risk, especially if you choose to invest in units of account. In addition, management fees can vary from contract to contract and affect your returns.
Points to consider:
- Risk of capital loss : in particular on units of account.
- Costs Some life insurance contracts impose high management fees, impacting overall performance.
3. The ELP: ideal for real estate projects
The Savings Plan Housing (PEL) is particularly suitable for those who wish to financing a real estate project medium or long term. Its rate of pay is fixed as soon as the plan is opened and it offers the possibility of receiving a loan at favourable rates for the acquisition of real estate.
A. Benefits of the ELP
The main asset of the ELP is the predictability yields. As soon as the plan opens, you know the rate of pay, which will not change throughout the contract. In addition, the ELP allows you to access Real estate loan at a preferential rate once the plan has reached maturity.
Why choose the ELP:
- Fixed rate guaranteed You know in advance how much you're going to win.
- Profitable real estate loan After a minimum saving period, you can get a low-rate loan to finance a real estate project.
- Blocked saving : a good way to build up a capital without drawing from it too easily.
B. Disadvantages of the ELP
However, the ELP suffers from lack of flexibility compared to other savings products. Indeed, money is blocked for a minimum of four years, and the ceiling is limited. Moreover, the interests are Tax payable beyond 12 years.
Points to consider:
- Lack of liquidity : funds are blocked for several years.
- Taxation After 12 years, interest is subject to income tax.
Summary of investment characteristics
| Placement | Benefits | Disadvantages | Ideal profile |
|---|---|---|---|
| Book A | Security, liquidity, tax exemption | Low yield, limited ceiling | Savings seeking security and liquidity |
| Life insurance | High potential returns, tax advantage, flexibility | Costs, risk for units of account | Long-term savers seeking to diversify |
| PEL | Fixed rate, prime rate mortgage | Funds blocked, taxation after 12 years | Savings with a real estate project |
In conclusion, the choice between Book A,life insuranceand the PEL depends mainly on your savings goals. If you are looking for immediate security and accessibility, Booklet A is a safe but low-paying option. For long-term savings, particularly for retirement or asset transfer, life insurance is often more advantageous thanks to its flexibility and potential return. Finally, if you plan to buy a real estate, the ELP remains a wise investment to benefit from an advantageous real estate loan.
