Taxation

#11.1The tax simulator

Available from the Simulation page, it works on amounts you enter freely (it does not read your envelopes).

Each tab ends with a contextual tip: for example, on a PEA less than five years old, the benefit of waiting for the milestone before withdrawing.

#11.2The tax report

Unlike the simulator, the tax report works on your real data. You choose a year, and it reconstructs what happened on each envelope.

#What each card shows

• the year's movements, with a “Taxable Withdrawals” badge on the withdrawals concerned;
• the year's deposits, the year's taxable withdrawals, the cumulative deposits;
• the current balance: the envelope's latest calibrated value, and its uninvested cash when there is some;
• the tax breakdown: estimated gain, social charges, income tax, total.

#Which withdrawals are taxable

• PEA, PER, life insurance: only money that leaves the envelope is taxable; selling and keeping the cash inside triggers nothing.
• Securities account (CTO): each sale is taxable in the year it takes place, even if the proceeds stay as cash in the account.
• Crypto: a sale for euros is taxable, in any envelope. Gains are taxable for the year of the disposals, but are declared and paid the following year: the report reminds you of this on the card concerned.

#Why calibrating changes everything

Fructificare applies the partial withdrawal rule, withdrawal by withdrawal and in chronological order:

Taxable gain = Withdrawal amount − (Net deposits × Withdrawal amount ÷ Total envelope value)

• Net deposits: the money you brought in, minus the share of capital already repaid by your previous withdrawals;
• Total envelope value: its value just before the withdrawal: the closest calibration, cash included, brought forward to the withdrawal date using the deposits and withdrawals made in between.

For example, for €100,000 paid into a life insurance contract worth €150,000, a withdrawal of €50,000 contains €16,666.67 of gains; €66,666.67 of net deposits then remain for the next withdrawal. For crypto, the law applies the same principle to disposals. For stocks in a securities account, the official calculation relies on the average purchase price of the securities sold: the result shown is then an estimate.

This formula has a direct consequence: as long as the envelope is not calibrated, the estimated gain is zero. Without a known valuation, the application cannot invent a gain, and will therefore show no tax. Calibrating is the condition for getting a useful tax estimate (chapter 6).

#When no tax is shown

The tax lines only appear for envelopes that have a tax regime. Otherwise, a message explains why.

#The tax-advantaged badge

A green edge and a Tax-free (5 yrs) or Tax-advantaged (8 yrs) badge mark the envelopes that have passed their holding-period threshold by the end of the report year: 5 years for a PEA, 8 years for a life insurance contract.

#11.3The PDF export

The Tax Report button produces the report on screen; you can Download PDF to turn this report into a document to archive or to send to your accountant.

The standard PDF contains:

• a header and the list of the envelopes concerned;
• a summary by asset type: withdrawals, gains, tax, with a reminder of the rates applied;
• the details by envelope: movement table, summary box, tax-maturity mention;
• numbered footers.

#The detailed performance report

A checkbox adds four pages of analysis. It requires at least one calibration in the year: without a valuation, there is no performance to plot.

1. Cover: the annual curve of your portfolio.
2. Portfolio summary: start and end values, allocation pie chart, regulated savings accounts counted separately.
3. Performance by envelope: one section per envelope, with its monthly curve.
4. Overall annual analysis: returns by year, deposit fees, FIRE progress.