{"id":3067,"date":"2026-08-22T10:49:44","date_gmt":"2026-08-22T08:49:44","guid":{"rendered":"https:\/\/well-phi.com\/?p=3067"},"modified":"2026-08-22T10:49:44","modified_gmt":"2026-08-22T08:49:44","slug":"le-systeme-de-retraite-par-repartition-en-france-fonctionnement-et-enjeux-en-2026","status":"publish","type":"post","link":"https:\/\/well-phi.com\/index.php\/2026\/08\/22\/le-systeme-de-retraite-par-repartition-en-france-fonctionnement-et-enjeux-en-2026\/","title":{"rendered":"Le syst\u00e8me de retraite par r\u00e9partition en France : fonctionnement et enjeux en 2026"},"content":{"rendered":"<p>[et_pb_section fb_built=\u00a0\u00bb1&Prime; _builder_version=\u00a0\u00bb4.23.1&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb background_enable_color=\u00a0\u00bboff\u00a0\u00bb use_background_color_gradient=\u00a0\u00bbon\u00a0\u00bb background_color_gradient_direction=\u00a0\u00bb90deg\u00a0\u00bb background_color_gradient_stops=\u00a0\u00bbrgba(240,242,246,0.5) 0%|rgba(255,255,255,0) 100%\u00a0\u00bb custom_padding=\u00a0\u00bb14px||4px|||\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb][et_pb_row _builder_version=\u00a0\u00bb4.23.1&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb custom_margin=\u00a0\u00bb4px|auto||auto||\u00a0\u00bb custom_padding=\u00a0\u00bb30px|||||\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb][et_pb_column type=\u00a0\u00bb4_4&Prime; _builder_version=\u00a0\u00bb4.23.1&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb][et_pb_text _builder_version=\u00a0\u00bb4.27.7&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb hover_enabled=\u00a0\u00bb0&Prime; global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb sticky_enabled=\u00a0\u00bb0&Prime;]<\/p>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #005995;\"><span style=\"text-decoration: underline;\">La retraite par r\u00e9partition = la solidarit\u00e9 entre g\u00e9n\u00e9rations<\/span><\/span><\/strong><\/h3>\n<p style=\"text-align: justify;\">En France, le syst\u00e8me de retraite <strong>par r\u00e9partition<\/strong> repose sur un m\u00e9canisme de solidarit\u00e9 : <strong>les cotisations des actifs financent directement les pensions des retrait\u00e9s actuels<\/strong>.<br \/>Contrairement \u00e0 la capitalisation, o\u00f9 les investissements sont r\u00e9alis\u00e9s pour procurer des revenus dans le futur, ce mod\u00e8le mise sur l\u2019\u00e9quilibre d\u00e9mographique et \u00e9conomique entre les g\u00e9n\u00e9rations.<\/p>\n<p style=\"text-align: justify;\">Instaur\u00e9 en 1945, ce syst\u00e8me couvre l\u2019ensemble des travailleurs (salari\u00e9s, fonctionnaires, ind\u00e9pendants) et est g\u00e9r\u00e9 principalement par :<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li>l<span style=\"text-decoration: underline;\"><strong>es caisses de retraite du r\u00e9gime de base obligatoire<\/strong><\/span>, dont notamment :\n<ul>\n<li>La <strong>CNAV<\/strong>\u00a0pour les salari\u00e9s du priv\u00e9<\/li>\n<li>La <strong>MSA<\/strong> pour les exploitants et salari\u00e9s agricoles<\/li>\n<li>La <strong>CNAVPL<\/strong> pour les professions lib\u00e9rales<\/li>\n<li>La <strong>CNRACL<\/strong> pour les agents des collectivit\u00e9s locales et personnels hospitaliers<\/li>\n<li>Le <strong>SRE<\/strong> pour les fonctionnaires civils, magistrats et militaires<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><span style=\"text-decoration: underline;\"><strong>les caisses de retraite compl\u00e9mentaire obligatoire<\/strong>,<\/span> pour les principales :\n<ul>\n<li>L\u2019<strong>Agirc-Arrco<\/strong> pour les retraites compl\u00e9mentaires des salari\u00e9s du priv\u00e9.<\/li>\n<li>L&rsquo;<strong>Ircantec<\/strong> pour les agents contractuels de la fonction publique et des collectivit\u00e9s territoriales<\/li>\n<li>La <strong>RAFP<\/strong> pour les militaires, magistrats et agents territoriaux et hospitaliers<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table border=\"1\" style=\"width: 100%; border-collapse: collapse; background-color: #ffffff; height: 48px;\">\n<tbody>\n<tr style=\"height: 48px;\">\n<td style=\"width: 100%; text-align: justify; height: 48px;\"><em>\u26a0\ufe0f Il existe 42 caisses de retraite en France, la liste est non exhaustive.<br \/>Vous pouvez identifier vos organismes de retraite en vous connectant sur le site officiel <a href=\"https:\/\/www.info-retraite.fr\/\"><\/a><\/em><em><a href=\"https:\/\/www.info-retraite.fr\/\">https:\/\/www.info-retraite.fr\/<\/a><br \/>Cet article ne traite pas de l&rsquo;ensemble des cas particuliers.\u00a0<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">_______________<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><strong><\/strong><\/p>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #005995;\"><span style=\"text-decoration: underline;\">Retraite par r\u00e9partition \/ retraite par capitalisation : quelles diff\u00e9rences ?<\/span><\/span><\/strong><\/h3>\n<p style=\"text-align: justify;\">En France, la retraite obligatoire est par r\u00e9partition, alors que les dispositifs individuels rel\u00e8vent de la capitalisation.<\/p>\n<table border=\"1\" style=\"border-collapse: collapse; width: 100%; height: 120px;\">\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; background-color: #005995; text-align: center; height: 24px;\"><\/td>\n<td style=\"width: 33.3333%; background-color: #005995; text-align: center; height: 24px;\"><strong style=\"color: #ffffff; background-color: #005995;\">REPARTITION<\/strong><\/td>\n<td style=\"width: 33.3333%; background-color: #005995; text-align: center; height: 24px;\"><strong style=\"color: #ffffff; background-color: #005995;\">CAPITALISATION<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; height: 24px;\">Fonctionnement<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">Les cotisations des actifs financent les pensions des retrait\u00e9s<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">Investissements<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; height: 24px;\">Rendement<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">D\u00e9pend de la d\u00e9mographie et de la base de cotisation (masse salariale)<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">D\u00e9pend des march\u00e9s financiers et immobiliers<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; height: 24px;\">Solidarit\u00e9<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">Collective et interg\u00e9n\u00e9rationnelle<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">Individuelle<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; height: 24px;\">Risque principal<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">D\u00e9s\u00e9quilibre d\u00e9mographique<\/td>\n<td style=\"width: 33.3333%; height: 24px;\">Variation des valorisations et des revenus<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">_______________<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #005995;\"><span style=\"text-decoration: underline;\"><\/span><\/span><\/strong><\/h3>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #005995;\"><span style=\"text-decoration: underline;\">Comment fonctionne la retraite par r\u00e9partition ?<\/span><\/span><\/strong><\/h3>\n<h4 style=\"text-align: justify;\"><span style=\"text-decoration: underline;\"><strong>Les cotisations obligatoires<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\">Les cotisations retraite pay\u00e9es par la population active se r\u00e9partissent entre le r\u00e9gime de base obligatoire, et le r\u00e9gime compl\u00e9mentaire. Les informations figurent notamment dans votre bulletin de salaire.<\/p>\n<p style=\"text-align: justify;\">A titre d&rsquo;exemple, pour un salari\u00e9 dans le priv\u00e9,<\/p>\n<table border=\"1\" style=\"border-collapse: collapse; width: 100%; height: 72px;\">\n<tbody>\n<tr style=\"height: 24px; background-color: #005995;\">\n<td style=\"width: 33.3333%; height: 24px;\"><span style=\"color: #ffffff;\"><strong>R\u00e9gime<\/strong><\/span><\/td>\n<td style=\"width: 33.3333%; height: 24px; text-align: center;\"><span style=\"color: #ffffff;\"><strong>De base (CNAV)<\/strong><\/span><\/td>\n<td style=\"width: 33.3333%; height: 24px; text-align: center;\"><span style=\"color: #ffffff;\"><strong>Compl\u00e9mentaire (AGIRC-ARRCO)<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; height: 24px; border-color: #000000;\">\n<p><strong>Cotisation jusqu\u2019\u00e0 1 PMSS, <\/strong><\/p>\n<p><strong>soit 4 005 \u20ac\/mois en 2026<\/strong><\/p>\n<\/td>\n<td style=\"width: 33.3333%; height: 24px; text-align: center; border-color: #000000;\"><span style=\"color: #ff0000;\"><strong>15,45%<\/strong><\/span> (dont 8,55% employeur, 6,90% salari\u00e9)<\/td>\n<td style=\"width: 33.3333%; height: 24px; text-align: center; border-color: #000000;\"><span style=\"color: #ff0000;\"><strong>7,87%<\/strong> <\/span>(dont 4,72% employeur, 3,15% salari\u00e9)<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 33.3333%; height: 24px; border-color: #000000;\"><strong>Cotisation au-del\u00e0 de 1 PMSS<\/strong><\/td>\n<td style=\"width: 33.3333%; height: 24px; text-align: center; border-color: #000000;\"><span style=\"color: #ff0000;\"><strong>2,42%<\/strong><\/span> (dont 1,90% employeur, 0,52% salari\u00e9) dont le 1er PMSS<\/td>\n<td style=\"width: 33.3333%; height: 24px; text-align: center; border-color: #000000;\"><span style=\"color: #ff0000;\"><strong>21,59%<\/strong><\/span> (dont 12,95% employeur, 8,64% salari\u00e9) entre 1 et 8 PMSS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<h4 style=\"text-align: justify;\"><span style=\"text-decoration: underline;\"><strong><\/strong><\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"text-decoration: underline;\"><strong><\/strong><\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"text-decoration: underline;\"><strong><\/strong><\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"text-decoration: underline;\"><strong>La pension de retraite<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\">Actuellement, <strong>pour avoir droit \u00e0 la retraite<\/strong>, il convient :<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>d&rsquo;avoir atteint l&rsquo;\u00e2ge l\u00e9gal<\/strong> (62 ans pour les g\u00e9n\u00e9rations jusque 1962, entre 62 ans et 64 ans pour les g\u00e9n\u00e9rations entre 1962 et 1968, 64 ans pour les g\u00e9n\u00e9rations \u00e0 partir de 1969&#8230;hors situations sp\u00e9cifiques comme \u00ab\u00a0carri\u00e8res longues\u00a0\u00bb etc&#8230;)<\/li>\n<li><strong>de le d\u00e9cider.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">Lorsqu&rsquo;<span style=\"text-decoration: underline;\"><strong>on fait valoir ses droits \u00e0 la retraite<\/strong><\/span>, les pensions sont calcul\u00e9es de la mani\u00e8re suivante :<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\"><span style=\"color: #339966; text-decoration: underline;\"><strong>Pour la pension de base<\/strong><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>Salaire moyen retenu, hors primes<\/strong> (25 meilleures ann\u00e9es dans le priv\u00e9, et 6 derniers mois dans le public)<br \/><strong>x<br \/>Taux de liquidation<\/strong> (\u00e0 taux plein : 50% dans le priv\u00e9, et 75% dans le public)<br \/><strong>x<br \/>Coefficient de proratisation <\/strong>(trimestres cotis\u00e9s \/ trimestres requis)<\/p>\n<p style=\"text-align: center;\"><strong>= pension de base<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Outre le salaire moyen<\/strong>,<strong> le nombre de trimestres est d\u00e9terminant<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>En fonction des g\u00e9n\u00e9rations,<strong> le nombre de trimestres requis se situe entre 167 trimestres (g\u00e9n\u00e9ration 1960) et 172 trimestres (g\u00e9n\u00e9rations \u00e0 partir de 1968)<\/strong><\/li>\n<li><strong>le taux de liquidation est \u00ab\u00a0\u00e0 taux plein\u00a0\u00bb<\/strong>\u00a0<strong>lorsque le niveau de trimestres requis est atteint<\/strong>. Autrement, une d\u00e9cote (de -0,625% dans le priv\u00e9, -1,25% dans le public) s&rsquo;applique par trimestre non cotis\u00e9 (dans la limite de 20 trimestres) sur le taux de liquidation.<\/li>\n<li><strong>le coefficient de proratisation<\/strong> est aussi un facteur de d\u00e9cote, et dans certaines situations, surcote.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\"><span style=\"color: #339966; text-decoration: underline;\"><strong>Pour la pension compl\u00e9mentaire <\/strong><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>G\u00e9n\u00e9ralement,<strong> les caisses de retraite compl\u00e9mentaires reposent sur un syst\u00e8me de points cumul\u00e9s <\/strong>(sur les salaires et primes dans le priv\u00e9, sur les primes dans le public)<strong>, qui sont convertis en \u20ac<\/strong> au moment du d\u00e9part en retraite.<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><em>valeur du point AGIRC-ARRCO : 1,4386 \u20ac au 1\/1\/2026<\/em><\/li>\n<li><em>valeur du point RAFP : 0,05671 \u20ac au 1\/1\/2026<\/em><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><em><\/em><\/p>\n<p><em><\/em><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<table border=\"1\" style=\"width: 100%; border-collapse: collapse; background-color: #ffffff; height: 48px;\">\n<tbody>\n<tr style=\"height: 48px;\">\n<td style=\"width: 100%; text-align: justify; height: 48px;\">\n<p><strong><em>A noter :<\/em><\/strong><\/p>\n<p><strong>Dans le priv\u00e9, le montant de la pension de base ne peut pas exc\u00e9der 50% du PMSS<\/strong>, soit 2 002,50 \u20ac mensuels\u00a0<span style=\"font-family: inherit; font-size: inherit;\">en 2026 <\/span><span style=\"font-family: inherit; font-size: inherit;\">(hors &lsquo;\u00a0\u00bbsurcote\u00a0\u00bb).<\/span><\/p>\n<p>Qu&rsquo;importe le nombre de trimestres cotis\u00e9s,<strong> il est possible de faire valoir ses droits \u00e0 la retraite \u00e0 67 ans \u00e0 \u00ab\u00a0taux plein\u00a0\u00bb<\/strong>, voire \u00e0 65 ans selon des situations sp\u00e9cifiques (amiante, handicap etc&#8230;).<br \/>Toutefois, le coefficient de proratisation s&rsquo;appliquera.<\/p>\n<p><strong>Il est possible de racheter des trimestres pour am\u00e9liorer son taux de liquidation, voire le nombre de trimestres cotis\u00e9s<\/strong>.<\/p>\n<p>Compte tenu des parcours de vie et des carri\u00e8res diff\u00e9rentes, d\u00e9terminer l&rsquo;\u00e2ge de d\u00e9part en retraite et sa pension de retraite est complexe : <strong>vous pouvez acc\u00e9der \u00e0 vos comptes personnels<\/strong> sur <a href=\"https:\/\/www.info-retraite.fr\/\">https:\/\/www.info-retraite.fr\/<\/a> et \u00e9galement <a href=\"https:\/\/www.lassuranceretraite.fr\/\">https:\/\/www.lassuranceretraite.fr\/<\/a> <strong>pour estimer vos trimestres, vos droits voire simuler vos rachats de trimestres<\/strong>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">_______________<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #005995;\"><span style=\"text-decoration: underline;\">Les d\u00e9fis du syst\u00e8me de retraite par r\u00e9partition : un \u00e9quilibre d\u00e9mographique fragile<\/span><\/span><\/strong><\/h3>\n<p style=\"text-align: justify;\">Le syst\u00e8me repose sur le <strong>ratio cotisants\/retrait\u00e9s<\/strong>, en baisse constante :<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>2002<\/strong> : <strong>2,1 cotisants pour 1 retrait\u00e9<\/strong><\/li>\n<li><strong>2025<\/strong> : <strong>1,8 cotisant pour 1 retrait\u00e9<\/strong><\/li>\n<li><strong>2070<\/strong> : <strong>1,3 cotisant pour 1 retrait\u00e9<\/strong> (projection du COR)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><em>(source rapport annuel du COR juin 2026)<\/em><\/p>\n<p style=\"text-align: justify;\"><em><\/em><\/p>\n<p style=\"text-align: justify;\"><strong>Causes<\/strong> :<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Allongement de l\u2019esp\u00e9rance de vie<\/li>\n<li>Baisse de la f\u00e9condit\u00e9 (1,62 enfant\/femme en 2024, niveau historique bas)<\/li>\n<li>Faible solde migratoire<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Cons\u00e9quences possibles<\/strong> :<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Compl\u00e9ment budg\u00e9taire de l&rsquo;Etat, pour \u00e9quilibrer les comptes des caisses de retraite<\/li>\n<li>et\/ou hausse des cotisations (patronales et salariales)<\/li>\n<li>et\/ou baisse des pensions (par exemple, en ne les revalorisant pas de l&rsquo;inflation)<\/li>\n<li>et\/ou rallongement des carri\u00e8res (\u00e2ge l\u00e9gal d\u00e9part en retraite et\/ou nombre de trimestres requis)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">_______________<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><strong><\/strong><\/p>\n<h3 style=\"text-align: justify;\"><strong><span style=\"color: #005995;\"><span style=\"text-decoration: underline;\">La retraite par capitalisation = un compl\u00e9ment n\u00e9cessaire?<\/span><\/span><\/strong><\/h3>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">Le<strong> <\/strong><span style=\"text-decoration: underline;\"><strong>taux de remplacement<\/strong><\/span><strong> <\/strong>(ratio entre les pensions de retraite et le dernier salaire) <strong>se situe g\u00e9n\u00e9ralement dans une fourchette de l&rsquo;ordre de <span style=\"text-decoration: underline; color: #ff6600;\">50 \u00e0 75%<\/span><\/strong>.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline; color: #ff0000;\"> Il est bien souvent inf\u00e9rieur \u00e0 50%<\/span> <\/strong>pour<strong>\u00a0 : <\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"text-align: justify;\"><strong>les plus hauts revenus (4 000 \u20ac mensuels et plus), <\/strong><\/li>\n<li style=\"text-align: justify;\"><strong>les ind\u00e9pendants\/dirigeants, <\/strong><\/li>\n<li><strong>les personnes ayant v\u00e9cu \u00e0 l&rsquo;\u00e9tranger; <\/strong><\/li>\n<li><strong>les personnes ayant eu plusieurs interruptions dans leur vie active.\u00a0<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>La seule retraite issue du syst\u00e8me par r\u00e9partition est donc bien souvent insuffisante pour celles et ceux qui souhaitent maintenir leur niveau de revenus<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><span style=\"text-decoration: underline;\"><strong>Les strat\u00e9gies de capitalisation \u00e0 long terme permettent de pallier ce besoin<\/strong>.<\/span><\/p>\n<p style=\"text-align: justify;\">Plusieurs solutions patrimoniales existent, et visent \u00e0 se constituer un patrimoine sur le long terme.<br \/><strong>Il s&rsquo;agit notamment des dispositifs suivants :<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"color: #005995;\"><strong>Plan Epargne Retraite<\/strong> <\/span>\n<ul>\n<li>constituer un capital et\/ou une rente pour la retraite + d\u00e9duction des versements du revenu imposable, dans le cadre de plafonds<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #005995;\"><strong>Assurance-vie<\/strong> <\/span>\n<ul>\n<li>constituer un capital sur le long terme, et disponible m\u00eame avant la retraite + transmission<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #005995;\"><strong>Epargne salariale<\/strong> <\/span>\n<ul>\n<li>constituer un capital sur le long terme, par le biais d&rsquo;enveloppes de type PEE \/ PEI \/ PERECO<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #005995;\"><strong>Immobilier locatif<\/strong> <\/span>\n<ul>\n<li>diversifier son patrimoine + b\u00e9n\u00e9ficier d&rsquo;un effet de levier financier (cr\u00e9dit) voire fiscal + revenus compl\u00e9mentaires (loyers)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">_______________<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">La retraite par r\u00e9partition est indispensable, mais son \u00e9quilibre futur est malheuseument incertain.<\/p>\n<p style=\"text-align: justify;\">Chez <strong>WELL<span style=\"color: #005995;\">PHI<\/span><\/strong>, nous vous aidons \u00e0 :<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li><b>Evaluer votre situation<\/b><\/li>\n<li><b>Identifier les leviers adapt\u00e9s \u00e0 vos objectifs, notamment de revenus compl\u00e9mentaires<\/b><\/li>\n<li><b>Construire une strat\u00e9gie sur mesure pour pr\u00e9server votre train de vie sur le long terme.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><\/span><span style=\"color: #000000;\"><\/span>A votre disposition pour vous pr\u00e9senter nos solutions et r\u00e9pondre \u00e0 vos questions !<\/p>\n<p style=\"text-align: justify;\">A tr\u00e8s bient\u00f4t !<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\u00a0\u00bb1&Prime; 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_builder_version=\u00a0\u00bb4.21.0&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb background_color=\u00a0\u00bb#005995&Prime; custom_padding=\u00a0\u00bb30px||1px|||\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb][et_pb_row column_structure=\u00a0\u00bb1_3,1_3,1_3&Prime; _builder_version=\u00a0\u00bb4.21.0&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb custom_margin=\u00a0\u00bb-22px|auto||auto||\u00a0\u00bb custom_padding=\u00a0\u00bb||11px|||\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb][et_pb_column type=\u00a0\u00bb1_3&Prime; _builder_version=\u00a0\u00bb4.21.0&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb][et_pb_text disabled_on=\u00a0\u00bbon|off|off\u00a0\u00bb _builder_version=\u00a0\u00bb4.23&Prime; _module_preset=\u00a0\u00bbdefault\u00a0\u00bb text_font=\u00a0\u00bbLiberation|700|||||||\u00a0\u00bb text_text_color=\u00a0\u00bb#FFFFFF\u00a0\u00bb text_font_size=\u00a0\u00bb16px\u00a0\u00bb global_colors_info=\u00a0\u00bb{}\u00a0\u00bb theme_builder_area=\u00a0\u00bbpost_content\u00a0\u00bb]<\/p>\n<p><span style=\"color: #ffffff;\"><a href=\"https:\/\/well-phi.com\" style=\"color: #ffffff;\">Accueil<\/a><\/span><br \/><span style=\"color: #ffffff;\"><a href=\"https:\/\/well-phi.com\/index.php\/identite\/\" style=\"color: #ffffff;\">Notre identit\u00e9<br \/><\/a><a href=\"https:\/\/well-phi.com\/index.php\/vous\/\" style=\"color: #ffffff;\">Vous \u00eates<\/a><\/span><br \/><span style=\"color: #ffffff;\"><a href=\"https:\/\/well-phi.com\/index.php\/solutions\/\" style=\"color: #ffffff;\">Nos solutions<\/a><\/span><br \/><span style=\"color: #ffffff;\"><a href=\"https:\/\/well-phi.com\/index.php\/actualites\/\" style=\"color: #ffffff;\">Actualit\u00e9s et newsletter<\/a><\/span><br \/><span style=\"color: #ffffff;\"><a href=\"https:\/\/well-phi.com\/index.php\/contact\/\" style=\"color: #ffffff;\">Contact<\/a><\/span><br \/><span style=\"color: #ffffff;\"><\/span><\/p>\n<p>[\/et_pb_text][et_pb_text disabled_on=\u00a0\u00bboff|on|on\u00a0\u00bb _builder_version=\u00a0\u00bb4.23&Prime; 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