Life annuity:     

1. INCOME TAX:   

The revenues resulting from the adhesions subscribed on a purely basis individual or made up within the framework of collective agreements of company governed by article 82 of the Code General of the Taxes are regarded as life annuities acquired subject to payment.   

The taxable share is related to the age of the member at the time of the startup of its revenue, or oldest of both in the event of reversion.   

Age at the time of the startup of the revenue Leaves taxable 
Less than 50 years 70% 
From 50 to 59 years 50% 
From 60 to 69 years 40% 
More than 69 years 30%   

Those made up within the framework of collective agreements of company governed by articles 83 and 39 of the Code General of the Taxes are regarded as acquired life annuities on a purely free basis, therefore like incomes. The abatements are 10% and 20%.  
 
Those made up within the framework of a EPP are exonerated from income tax.     

2. WEALTH TAX:   

For the indebted shareholders of the tax of solidarity on fortune, the life annuities subject to payment must be declared for their value of capitalization.     

3. SOCIAL TAKING AWAY:   

The life annuities on purely expensive bases are subjected to the C.S.G and with the C.R.D.S. These contributions will be calculated according to the drawn up income tax return each year by the shareholder.   

For the revenues on a purely free basis, these taking away are carried out with the source, i.e. before payment of the arrears to the shareholders.   

These reserves are, at January 1, 2005, the following ones:   
C.S.G. : 6,6% 
Contribution disease: 1% 
C.R.D.S.: 0,5%