!css
 

Acquisition of the main residence

Early redemption in case of acquisition of the main residence

According to French law

Deadline: 6 months for the PEE (company savings plan) and the PERCO (collective retirement savings plan) / None for the PERECO (collective retirement savings plan created by PACTE law)

Eligible schemes: PEE (company savings plan) / PEG (group savings plan) / PEI (inter-company savings plan) and PERCO (collective retirement savings plan) / PERCOI (inter-company collective retirement savings plan) and PERECO (collective retirement savings plan created by PACTE law) / PERECOI (inter-company collective retirement savings plan created by PACTE law)

* 6-month period on the PERCO applicable to the operative events occurring from June 7, 2020

Supporting documents to accompany the redemption request

Trigger event date: date of signature of provisional sale agreement or contract of sale

  • Provisional sale agreement
    • Or Provisional sales contract signed by the vendor and purchaser
    • Or Contract of sale signed before a notary

And

Et 

  • If a loan is taken out:
    • Date, signature and credit institution stamp on the declaration on honour (attestation sur l’honneur)
    • Or Dated and signed finance plan, issued by the credit institution, and showing the personal contribution made (e.g. loan offer accepted by the employee and signed by the credit institution) 

Trigger event date: date of signature of reservation agreement or off-plan acquisition contract, or delivery date

  • Off-plan acquisition reservation agreement
    • Or Off-plan acquisition contract
    • Or Certificate of property delivery + relevant off-plan acquisition reservation agreement (in this case, the 6-month deadline starts from the property delivery date).

And

And

  • If a loan is taken out:
    • Date, signature and credit institution stamp on the declaration on honour (attestation sur l’honneur)
    • Or Dated and signed finance plan, issued by the credit institution, and showing the personal contribution made (e.g. loan offer accepted by the employee and signed by the credit institution)

Additional information

Conditions

The dwelling must be occupied immediately as the main residence.

Acquisition has to be in full title, i.e. with both beneficial and bare ownership.

Excluded events

  • Buying shares in a property holding company (Société Civile Immobilière - SCI)
  • Acquisition of a dwelling by an SCI property holding company
  • Gift of the main residence
  • Acquisition of a second home
  • Repayment of a property loan
  • Purchase of land alone
  • Payment of a balance when the holder is already the owner in full title of a percentage of the main residence

Find out more:

29
Jan
2024
Absence of an employment contract or social mandate for at least 2 years after the revocation of the social mandate or its non-renewal
Early redemption in case of expiry of entitlement to unemployment benefits
PERECO
Early redemption in case of expiry of entitlement to unemployment benefits
Absence of an employment contract or social mandate for at least 2 years after the revocation of the social mandate or its non-renewal
29
Jan
2024
Cessation of self-employment following liquidation/ conciliation procedure
Early redemption in case of expiry of entitlement to unemployment benefits
PERECO
Early redemption in case of expiry of entitlement to unemployment benefits
Cessation of self-employment following liquidation/ conciliation procedure
29
Jan
2024
Domestic violence
Early redemption in case of domestic violence committed against the person by his or her spouse, cohabitant or partner...
PEE
Early redemption in case of domestic violence committed against the person by his or her spouse, cohabitant or partner bound by a civil partnership (PACS in France), or former spouse, cohabitant or partner.
Domestic violence