By Raphaël MORENON
18 August 2025
There has been a welcome simplification of the taxation of savings bonds, unifying the treatment of interest received, which is now classified as debt income. For savers, this clarification is essential in order to measure the net return on their investment. The system, which has long been complex, has now been harmonised, but it is important to understand the mechanisms to avoid any nasty surprises. For an overview of this financial instrument, see our full guide to savings bonds. Taxation of income from savings bonds: income from debt For individuals resident in France, the interest generated by savings bonds is treated as income from movable capital. Since successive reforms, the default system has been the single flat-rate withholding tax (PFU), but it is still possible to opt for taxation on the progressive scale of income tax. The principle of the progressive income tax...
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