Choosing between a PEA and a securities account
One plan per person and three ceilings, one of them overlooked; the five-year income tax exemption that never removes social levies; and the ten-year loss carry-forward the plan knows nothing of. Three modules costing the same 36 000 € gain in both wrappers. All the prose is free to read; the case study and quizzes are sold.
Intermediate3 modules26 minModule 1 free to read
2026 rules — verified on September 8, 2026
Figures are tied to dated, sourced tax constants. A module whose rules have changed is flagged for review, and is unpublished automatically beyond 90 days.
This content is part of the path: Investing and reporting my holdings· Step 2 of 12· Next step: Withdrawing from your life insurance policy
By the end of this course, you can…
These outcomes are the modules' own: the promise cannot say anything the course does not teach.
- Remember the contribution ceiling of the standard plan and of the SME plan.
- Place the reduced ceiling applying to a person attached to another taxpayer's household.
- Know how many plans one person may hold, and of which kinds.
- Identify the securities and issuers eligible for the wrapper.
- Tell the CONTRIBUTION ceiling from the value the plan reaches.
- Place the five-year threshold and what exactly it changes.
- Remember the rate applying to a withdrawal before five years.
- Understand that social levies remain due in every case.
- Identify the cases in which an early withdrawal does not close the plan.
- Compute the net gain of a withdrawal from the plan value and the contributions.
- Place what the securities account allows and the plan forbids.
- Remember the tax regime of gains on the sale of securities.
- Use the offsetting of losses and its carry-forward period.
- Compare the two wrappers on an identical costed case.
- Choose the wrapper according to the horizon and the holdings intended.
The programme, module by module
Each module has its own page. Durations are derived from the actual text, never announced by hand.
- Module 18 minFree — no accountA closed wrapper, two ceilings, one single planWhat you will be able to do
- Remember the contribution ceiling of the standard plan and of the SME plan.
- Place the reduced ceiling applying to a person attached to another taxpayer's household.
- Know how many plans one person may hold, and of which kinds.
- Identify the securities and issuers eligible for the wrapper.
- Tell the CONTRIBUTION ceiling from the value the plan reaches.
- Module 29 minIncluded in the full courseFive years, and income tax disappearsWhat you will be able to do
- Place the five-year threshold and what exactly it changes.
- Remember the rate applying to a withdrawal before five years.
- Understand that social levies remain due in every case.
- Identify the cases in which an early withdrawal does not close the plan.
- Compute the net gain of a withdrawal from the plan value and the contributions.
- Module 39 minIncluded in the full courseThe securities account, and what it does betterWhat you will be able to do
- Place what the securities account allows and the plan forbids.
- Remember the tax regime of gains on the sale of securities.
- Use the offsetting of losses and its carry-forward period.
- Compare the two wrappers on an identical costed case.
- Choose the wrapper according to the horizon and the holdings intended.
What you take away
A handout you keep, not just a page you read. The sections are derived from the course itself: what is announced here is exactly what gets generated.
Participant handout (PDF)
PDF
- Learning objectives (3)
- Key figures (2)
- Mistakes to avoid (3)
- Official sources (3)
Exercise workbook (Word)
Word
- Learning objectives (3)
- Key figures (2)
- Mistakes to avoid (3)
- Official sources (3)
Answers live in a separate appendix: the participant handout and the workbook stay distributable before the exercise.
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Where this course leads
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Educational content, current with the sources cited. It does not replace advice tailored to your situation. These courses are neither certifying nor CPF-eligible: they prepare for no certification registered with the French RNCP or specific register.