The Reform Savings Plan (PPR) is a financial tool that can provide tax benefits to taxpayers. However, to enjoy these advantages or to declare a redemption, it is essential to know how to correctly fill the IRS statement.
PPR Tax Benefits
One of the tax incentives associated with the PPR is the possibility of deducting 20% of the values applied, within the limits that vary depending on the age of the holder:
- Less than 35 years: deduction up to 400 euros, if you apply 2000 euros;
- Between 35 and 50 years: deduction up to 350 euros, apply 1750 euros;
- From the age of 50: deduction up to 300 euros, apply 1500 euros.
However, the tax deduction also depends on the collectible income and the remaining deductions to the collection, which have a ceiling defined by echelon of income.
PPR Declaration in IRS Automatic
Taxpayers covered by automatic IRS have the value of their deliveries to the PPR automatically included in the statement. To verify the information:
- Aced to the finance portal and authenticate yourself;
- Choose the option “IRS Declaration”;
- See Annex H and check Table B of Field 6;
- Confirm that the indicated value corresponds to the deliveries made.
If you do not intend to enjoy the tax benefit, you can eliminate this line of the annex.
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How to manually declare PPR in IRS
If you are not covered by the automatic IRS, you will have to manually fill Annex H:
- In Table 6B, select the benefit code “601 – PPR”;
- Indicate the total amount applied in the year in question;
- Provide the data of the PPR management entity;
- Keep and validate the statement.
How to declare the rescue of a renovation savings plan
If your PPR was rescued outside the conditions provided for by law, you will have to return the tax benefits enjoyed, plus a penalty of 10% per year. For this, it should:
- Fill in Table 8 of Annex H;
- In field 803 of the “to collection” column, insert the values of the deductions received;
- Apply the 10% penalty for each year from the tax deduction.
According to, before making decisions about the PPR statement in the IRS, evaluate if it intends to benefit from deductions or anticipate the need for a redemption, thus avoiding future penalties.
The importance of planning the use of PPR
Opt for a PPR implies thinking in the long run. If the intention is to maintain savings until reform, tax advantages may be significant. However, if there is a possibility of needing the money ahead of expected, it may be wiser not to declare deliveries in the IRS.
PPR can be used for other purposes other than reform, such as paying for housing credit under certain conditions. However, it is essential to verify the rules to avoid penalties.
If you have questions about the best way to declare your PPR, you can consult an accountant or a specialist in tax technician. Having good planning can help maximize benefits and avoid unexpected costs.
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