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FCPI simulator 2026: the reduction for FCPIs invested in young innovative companies
Since 2026, only FCPIs invested in young innovative companies (JEI) qualify for a tax reduction: 30% of the payment, up to €75,000 for a single person and €150,000 for a couple (Article 199 terdecies-0 A bis of the French Tax Code). Standard FCPIs no longer qualify.
30% of the payment, on €75,000 for a single person and €150,000 for a couple
At most €50,000 of reduction over 2024-2028
No more tax reduction in 2026
The simulator
Simulate your FCPI reduction
The simulator applies the rate and the ceiling. Your data is neither stored nor transmitted.
FCPI simulator
Since 2026, only FCPIs invested in young innovative companies qualify for a tax reduction: 30% of the payment, on €75,000 for a single person and €150,000 for a couple.
Indicative calculation, based on 2026 rules and the assumptions entered above.
Why
What changed in 2026
Until 2025, an FCPI gave entitlement to an 18% reduction on €12,000 or €24,000 of payments. That regime has ended: in 2026, a standard FCPI no longer reduces your tax.
A separate regime replaces it for FCPIs that invest at least 70% of their assets in young innovative companies: a 30% reduction on the payment, for payments made from 28 September 2025 to 31 December 2028 (Article 199 terdecies-0 A bis of the French Tax Code).
The amounts change in scale: €75,000 of payments counted for a single person and €150,000 for a couple, with a total reduction capped at €50,000 over 2024-2028.
What the calculation shows
The 3 points to check in 2026
Only FCPIs invested at least 70% in young innovative companies qualify for the reduction. This is stated in the fund's information document.
A 30% reduction on up to €75,000 for a single person and €150,000 for a couple, i.e. €22,500 or €45,000 of reduction for one year.
Over 2024-2028, the reduction obtained for JEI investments, directly or through an FCPI, cannot exceed €50,000 in total. A large payment is therefore spread over several years.
Case study
Case study: Thomas, 41, head of a software company in Bordeaux
Thomas, taxed at 45%, used to invest €12,000 a year in a standard FCPI. In 2026, here is what the law changes:
| Contribution | Tax reduction | Comment |
|---|---|---|
| Standard FCPI, €12,000 in 2025 | ≈ €2,160 | 18%, old regime |
| Standard FCPI, €12,000 in 2026 | €0 | reduction abolished |
| FCPI-JEI, €12,000 in 2026 | ≈ €3,600 | 30% |
| FCPI-JEI, €40,000 in 2026 | ≈ €12,000 | within the €75,000 ceiling |
For the same €12,000 payment, an FCPI-JEI gives €3,600 of reduction in 2026; a standard FCPI gives nothing.
Thomas keeps in mind the €50,000 ceiling on reductions over 2024-2028: with €12,000 of reduction a year, he reaches it in just over four years.
In practice
In 2026, an FCPI is chosen first by its regime
This simulator calculates the reduction for an FCPI invested in young innovative companies, the only kind that still qualifies. The decision then turns on the fund: its team, its strategy and its fees.
Balmont Conseil is a wealth management firm, a member of ANACOFI. Let's book an appointment to see if this lever has a place in your strategy for the year.
Frequently asked questions
What clients ask us.
Does an FCPI still qualify for a tax reduction in 2026?
Only if it invests at least 70% of its assets in young innovative companies (FCPI-JEI). Standard FCPIs no longer qualify for a reduction in 2026.
What are the rate and ceilings of an FCPI-JEI?
30% of the payment, up to €75,000 for a single person and €150,000 for a couple (Article 199 terdecies-0 A bis of the French Tax Code). The total reduction is capped at €50,000 over 2024-2028.
How long must the units be held?
Until 31 December of the fifth year after subscription. Selling earlier, outside the cases provided for by law, means losing the reduction.
Since when has this regime applied?
To payments made from 28 September 2025 until 31 December 2028.
