French Deputies Reject Pension Allowance Cap in 2027 Budget

The French finance committee removed Article 3 from the 2027 Finance Bill, which would have lowered the ceiling on the 10% tax allowance for retirement pensions from €4,439 to €3,000 per tax household. This is a legislative setback for the government's fiscal consolidation plan, indicating resistance to pension-related austerity measures. The move signals potential political friction ahead of the full budget debate.