As the French public service website explains: “The retirement savings plan (PER) is a new retirement savings product. It has been available since October 1, 2019 and is gradually replacing other retirement savings plans. The PER comes in 3 forms: an individual PER, and two company PERs.
Whether you hold a PEE, a Perco, or a PERCO, this employee savings is blocked. At least five years on a PEE, and until retirement on a Perco or a PERcol. However, in the case of an acquisition or construction of his main residence, this constraint may be canceled. Then the money can be released (or social security contributions).
But not all constructions allow you to unlock your savings, as is the case for garden sheds or studios. Indeed, even if the surface you want to create is habitable, if the construction is not attached to your property, then you will not be able to withdraw your money. It is therefore imperative that the extension concerns your main residence.
Collective PERs and individual PERs are subject to the same prohibition. Indeed, as Eres (consulting and management firm) explains for Capital: “It is not possible to release your PERECO in advance for the construction of a garden shed. Ditto for an individual retirement savings plan”.
