Moustakbal Mali compares the 9 main Moroccan savings products net of tax under the 2026 Finance Act. The table below summarises, for the same savings effort — 50,000 MAD initial capital + 500 MAD per month — the projected net-of-tax capital of each product based on its indicative return and taxation.
| Product | Risk | Indicative rate | Tax (2026) | Net @ 5 yrs | Net @ 10 yrs | Net @ 20 yrs |
|---|---|---|---|---|---|---|
| BVC stocks | High | 8% / yr | 15% gains + 11.25% div. | 107 015 MAD | 189 974 MAD | 490 786 MAD |
| Equity fund | High | 7% / yr | 11.25% div + 15% gains | 102 976 MAD | 176 338 MAD | 421 830 MAD |
| Bond fund | Moderate | 4% / yr | 20% redemption gains | 91 359 MAD | 140 533 MAD | 269 613 MAD |
| Money-market fund | Low | 2.5% / yr | 20% redemption gains | 86 856 MAD | 127 816 MAD | 224 304 MAD |
| Term deposit | Guaranteed | 3% / yr | 30% withheld | 87 283 MAD | 129 137 MAD | 229 632 MAD |
| Treasury bills | Sovereign | 3.5% / yr | 30% interest | 88 596 MAD | 132 843 MAD | 242 814 MAD |
| PEA | High | 7% / yr | 15% → tax-free after 5 yrs | 106 678 MAD | 187 025 MAD | 462 400 MAD |
| PEL | Guaranteed | 3% / yr | 30% → tax-free after 3 yrs | 90 404 MAD | 137 338 MAD | 255 189 MAD |
| PEE | Moderate | 5% / yr | 20% → tax-free after 5 yrs | 98 171 MAD | 159 992 MAD | 341 149 MAD |
Equity products (Casablanca Stock Exchange, equity funds, PEA) offer the highest long-term return potential but with significant volatility. Guaranteed products (term deposits, Treasury bills, money-market funds) protect capital but yield less. Regulated plans (PEA, PEL, PEE) become fully tax-exempt after a holding period — a decisive long-term advantage. Click any product to open its detailed simulator and adjust the inputs to your situation.
Each projection applies monthly compounding of contributions, then the Moroccan taxation in force (2026 Finance Act) on gains: withholding on interest, dividends and capital gains, with exemption for regulated plans beyond their holding threshold. Return rates are indicative and editable in each simulator. Past performance does not guarantee future results.