JANUARY 1, 2023. With the transition to the new year, there are many changes for the personal finances of the French. Increase in pensions, increase in housing tax, new rate of booklet A… We explain everything to you.
[Mis à jour le 19 décembre 2022 à 16h26] Like every year, the transition to the new year reserves are a lot of surprises to the French. And especially with regard to their wallet. Between the revaluation of minimum wagethe increase in the amount of basic retirement pensions, or the surge in property tax, hard to find. So, Linternaute.com summarizes and dissects for you the 12 main changes that will come into effect from January 1, 2023. Overview.
A further increase in Minimum wage on January 1, 2023 is highly conceivable due to the high inflation that has been hitting the country for many months. As a reminder, the Smic benefits each year from a mechanical increase, evaluated according to the inflation observed for the 20% of households with the lowest incomes and half of the gain in purchasing power of the basic hourly wage for workers and employees. (SHBOE). This minimum growth wage (SMIC) was automatically increased on August 1, from 2.01% to reach €1,329.05 net. The increase for the January 1, 2023 will be known during the month of December, but could well exceed the previous one.
The rate of the preferred savings product of the French, the A booklet should exceed the 3% starting the February 1, 2023. Good news for savers after the previous rise of 1% to 2% in August 2022. This rate will remain well below inflation, estimated at 5.3% over the whole of 2022. The gap will however narrow next year, in fact, the consumer price index should turn around 4.2% according to the Ministry of Economy. Would you like to know more about the alternatives to the Livret A? Consult our file without delay:
The government is looking closely at a new scheme to help road users face the rising cost of fuel, from January 1, 2023, when the fuel discount will have disappeared. And precisely, Prime Minister Elisabeth Borne gave some details in an interview with the newspaper The echoes. We learn in particular that this next rebate should be called “worker fuel allowance“and that she would benefit”half of the householdsThis new aid, which is supposed to soften the end of the current government rebate, will benefit households in the first five deciles of income, in other words, half of the households. It will be set up from January 1, 2023. For long home-to-work journeys, the executive is still working on other solutions, more suitable and more targeted.
After successive increases of 1% in January 2022, then 4% last July (+60 euros per month for a pension of 1,200 euros), retirement pensions under the basic scheme will experience a further increase in January 2023.
The increase should be around 0.8%, as included in the Social Security financing bill. Complementary items increased by 5.12% on November 1st.
Are you a fan of epistolary conversations? Bad news, La Poste is now moving towards digital. Indeed, from January 1, 2023, it will no longer be possible to stick a red stamp on an envelope. The red letter will be renamed “red e-letter” and will be available online only. On the price side, expect a further increase. This time, sending a red letter will cost you €1.49 with the new dematerialized formula, against €1.43 currently, with the basic red stamp.
- Stamp price green : €1.16
- Price of the red stamp: €1.43
- Gray stamp price: €1.14
- Price of a registered letter: €4.83
The housing tax is a tax levied for the benefit of local communities. The amount of this varies from one municipality to another, and its tax rate is voted by the local authorities. It also depends on the characteristics of the taxable premises and your personal situation (household composition, income) on 1 January of the tax year.
This residence tax has been gradually decreasing since 2018 and will end in 2023. De facto, from January 1, 2023, no more taxpayers will have to pay this tax. Attention, the reform of the housing tax does not apply to secondary residences. If you are the owner of another property, you are therefore liable for the housing tax on this one. The calculation is strictly identical to the tax on principal residences.
In some cases, the municipality applies an increase in housing tax on second homes. You can request an exemption for one of the following reasons:
- Professional: you must live in a place different from the main residence
- Health reasons: you are in a long-term care facility
- “You cannot use your second home as your main dwelling for reasons beyond your control (for example, a town planning operation requires work to be done in your home)”, indicates Bercy.
Property owners, expect the bill to be much higher. First of all, because the capping of the revision of cadastral rental values will not take place. These values serve as the basis for calculating the property tax. De facto, cadastral rental values should increase by 7% in 2023, following the level of inflation. As a direct consequence, impressive increases could occur. According to some calculations, the property tax could soar by 52% in Parisor even 20% in Grenoble.
The rate of pay for the ELP will double! Indeed, it will go from 1% to 2% starting the January 1, 2023 announced the Minister of the Economy Bruno Le Maire on Thursday 8 December. The first rise for 22 years. “This 2% rate will apply to newly opened PELs in 2023 and will therefore not concern the stock of existing PELs” also declared the Minister.
The scale ofincome tax will be revalued up to 5.4% in 2023, due to rising consumer prices. An increase in the finance bill for 2023. This new scale concerns income received in 2022 and that you will mention in your income tax return, in the spring of 2023. Here is the complete income tax schedule that applies in 2023:
- Below 10,777 euros of taxable income: 0%
- Between 10,777 euros and 27,478 euros of taxable income: 11%
- Between 27,478 euros and 78,570 euros of taxable income: 30%
- Between 78,570 euros and 168,994 euros of taxable income: 41%
- Beyond 168,994 euros of taxable income: 45%
While the energy crisis suggests large increases in gas and electricity prices this winter, the price shield, already extended until December 2022 for gas, and until 1er February 2023 for electricity, will be renewed in 2023. The increase in gas and electricity prices will be limited to 15%. The limitation is higher than that of 2022 (which was 4%) but it concerns “all households, condominiums, social housing, small businesses and the smallest municipalities”.
Will the Ma Prime Rénov’ scheme benefit from an upgrade in 2023? One thing is certain, the government plans to increase the budget allocated to this aid, from 2 billion euros in 2022 to €2.6 billion in the 2023 finance bill according to information from FranceInfo. As a reminder, Ma Prime Rénov’ is an aid for energy renovation offered by France Rénov’ and calculated according to your income and the ecological gain of the work.
Paying the toll bill could hurt your head, and your wallet in 2023. Indeed, if the increase followed inflation, the price of highways could soar from 7% to 8%. The contract of the motorway companies planning to pass on inflation to the final customer price up to 70%. The government, through the Minister of Transport speaks of a “reasonable increase” thanks to negotiations. De facto, the increase could be around 4% since the January 1, 2023. As a reminder, this increase was “only” 2%, on average, on January 1, 2022.