Retirement savings plan
Retirement Savings Plan (PER) is a specific contract dedicated to retirement preparation, offering the best tax reduction in Morocco: 100% of deposits are IR-deductible, without cap (unlike life insurance limited to 10% / 50,000 MAD).
Key characteristics
Annual yield
4-6%
Entry ticket
300 MAD
Horizon
Until retirement (15-30 years)
Risk
3/5
Liquidity
Blocked
How it works
Contribute monthly or occasionally. Capital blocked until retirement (except exceptional cases: disability, death, primary residence purchase). At exit, choose between life annuity and capital.
Advantages
- Unlimited IR deduction on payments
- Mandatory savings effort
- Average yield 4 to 6%
- Several exit options possible
Disadvantages
- Capital blocked until 60 years
- Taxation at exit
- Fees 1 to 2% per year
- Little flexibility
2026 taxation
Full IR deduction on contributions (no cap). Taxation at exit as annuity or capital per IR scale.
For whom?
Heavily taxed managers looking to optimize their current IR while preparing retirement. Particularly interesting beyond 40 years.
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