Morocco Company Savings Plan (PEE) Simulator — net return projection

The Moroccan Plan d'Épargne Entreprise (PEE) is an employer-sponsored savings plan combining employee contributions, employer matching (abondement), and a tax exemption after 5 years. It is one of the most advantageous employee benefits in Morocco — the employer match is effectively free capital that boosts your real return significantly.

Indicative yield: ~5% per year (mixed portfolio, depends on allocation)
Tax before 5 years: 20% on income and gains
Tax after 5 years: 0% — full exemption (Finance Act 2026)
Employer match: typically 50%–100% of employee contributions (varies by company)
Best suited for: Moroccan employees with 5+ year horizons

PEE vs PEA: which is better?

Both become tax-exempt after 5 years, but the PEE has a critical advantage: the employer matching contribution. If your employer offers a PEE with matching, it is almost always the best first savings vehicle — use the full matching before contributing anywhere else. The PEA is better for employees whose company doesn't offer a PEE, or for contributions beyond the PEE ceiling. Compare both in our comparator.

Who should consider the PEE?

The Plan d'Épargne Entreprise (PEE) is exclusively for employees whose employer has signed a collective plan agreement. Its main advantage is the employer top-up (abondement): your company matches your personal contributions (often 50%–100% up to a cap), providing an immediate financial return with no equivalent elsewhere. An employee benefiting from a 100% top-up effectively doubles their savings from the very first contribution.

How to join a PEE in Morocco?

Joining a PEE is only possible through your employer — you cannot open one individually. Ask your HR department or payroll manager whether your company has a PEE agreement in place. If not, a plan can be set up via an AMMC-licensed asset manager in consultation with management. If you leave the company before 5 years, the vested funds remain locked until maturity or may be unlocked early under specific legal conditions (marriage, birth, disability, etc.).

What is the Moroccan Company Savings Plan (PEE)?

The Moroccan PEE is an employer-sponsored plan where employee and employer both contribute. Funds are invested in a mixed portfolio. Capital gains and income are tax-exempt after 5 years under the Finance Act 2026.

What is the tax on a Moroccan PEE?

Income and capital gains from a PEE are subject to 20% withholding tax if redeemed before 5 years. After 5 full years, all gains are completely tax-exempt — making the PEE one of Morocco's best long-term employee savings tools.

How does employer matching (abondement) work?

The employer adds a matching contribution on top of the employee's own contributions. The matching rate and cap vary by company agreement — typically 50% to 100% of employee contributions up to a ceiling. This employer top-up significantly boosts the effective yield of the plan.

Can I exit a Moroccan PEE early?

Yes, under specific conditions (marriage, birth, disability, termination). In those cases the 20% tax applies. Outside special circumstances, early redemption triggers the tax plus potential loss of employer matching.

Worked projection: 50,000 MAD invested in a Company Savings Plan (PEE)

Illustrative scenario computed with our simulator: 50,000 MAD initial capital, 500 MAD monthly contribution, indicative annual return of 5% / yr, taxation 20% → tax-free after 5 yrs (2026 Finance Act). Indicative figures — past performance does not guarantee future results. The tax advantage is decisive: from year 5 onward, gains become fully tax-exempt — hence the estimated 0 MAD tax beyond that threshold in the table.

PEE projection — 50,000 MAD + 500 MAD/mo, 5% / yr
Horizon	Total invested	Gross capital	Estimated tax	Net-of-tax capital	Net gain
1 yr	56 000 MAD	58 698 MAD	540 MAD	58 158 MAD	+2 158 MAD
3 yrs	68 000 MAD	77 450 MAD	1 890 MAD	75 560 MAD	+7 560 MAD
5 yrs	80 000 MAD	98 171 MAD	0 MAD	98 171 MAD	+18 171 MAD
10 yrs	110 000 MAD	159 992 MAD	0 MAD	159 992 MAD	+49 992 MAD
15 yrs	140 000 MAD	239 330 MAD	0 MAD	239 330 MAD	+99 330 MAD
20 yrs	170 000 MAD	341 149 MAD	0 MAD	341 149 MAD	+171 149 MAD

Over 20 years, a saver who set aside 170 000 MAD in total would build net-of-tax capital of 341 149 MAD — a 2.01× multiple of cumulative savings.

PEE vs other Moroccan products

For the same savings effort (50,000 MAD + 500 MAD/mo), here is the estimated net-of-tax capital under the 2026 Finance Act:

Estimated net-of-tax capital comparison — same investment
Product	Indicative rate	Tax (2026)	After 5 yrs	After 10 yrs	After 20 yrs
PEE	5% / yr	20% → tax-free after 5 yrs	98 171 MAD	159 992 MAD	341 149 MAD
Term deposit	3% / yr	30% withheld	87 283 MAD	129 137 MAD	229 632 MAD
Equity fund	7% / yr	11.25% div + 15% gains	102 976 MAD	176 338 MAD	421 830 MAD

Over 20 years, PEE produces 1.43× the net capital of Term deposit (341 149 MAD vs 229 632 MAD) in this scenario. Adjust these inputs to your profile with our savings comparator.

Other Morocco savings simulators

Equity Savings Plan (PEA) Housing Savings Plan (PEL) Equity Fund (OPCVM) Term Deposit Full comparator

Related guides

Morocco savings tax guide 2026

Sources: AMMC — PEE regulation; Ministry of Finance Morocco — Finance Act 2026. Results are indicative — consult your HR department or financial advisor for your specific plan terms.