Plan d’Épargne Retraite Populaire – PERP

The PERP is France’s private pension planning investment solution, mainly for employees. It was once a Qualified Overseas Pension Scheme, as they are almost identical to UK’s pension plan’s. The policyholder can withdraw 20 % as a lump sum on retirement, and will then receive lifelong annuities, reversible to the remaining spouse. During the payment phase, interesting income tax benefits apply.