How to open and pay into a PEA share savings account

You can pay as much as you like into a PEA account, as long as no withdrawals are made. However, if you wish to withdraw funds before the 8th year of the account, it will be closed.

After that period, making a withdrawal means that no more payments can be made into the account.

The maximum amount that can be paid into a PEA account is €132,000.

Transferring a PEA share savings account

PEA accounts can be transferred from one bank to another. This has no effect on the history of the account for tax purposes, on the cumulated deposits, on tax cost prices or dividends.

Investment vehicles eligible

• stock and investment certificates (and their attached rights or warrants); shares in private companies providing the issuer:
  

  • has its headquarters within the European Community and,

  • pays corporate tax.

• Unit trust shares and stakes in investment funds that include at least 75% of stocks that meet the above conditions, including shares of FCPR and FCPI funds (tax-advantageous venture capital companies) :
  

  • For the remaining 25%, the investment of unit trusts and funds is unrestricted.