JANUARY 1, 2023. If the Smic will be revalued, other changes concerning the rate of the booklet A, the fuel discount and pensions are to be noted for January 1, 2023. Overview.
[Mis à jour le 1er janvier 2023 à 12h53] With the transition to the new year, its lot of changes for the finances of the French are expected from January 1, 2023. An increase in the minimum wage and pensions, the end of the fuel discount or the total abolition of housing tax are on the program for this 2023 exercise. Some new products will also be arriving in 2023 in France. Between the end of the red stamp and the new tariffs on the motorways, the 1er January 2023 promises a day full of changes.
Faced with the many changes announced, it may be difficult to navigate. To help you not get lost and allow you to assess how your purchasing power will be affected, we have prepared a file for you which details all the changes planned for January 1, 2023. To consult more quickly what interests you, a summary is also available.
The minimum growth wage will increase mechanically (Smic) from the January 1, 2023. Indeed, due to persistently high inflation (6.2% in November over one year), the minimum wage will be raised by 1.8%to reach €1,353 net. That is a monthly gain of 24 euros for all employees paid the minimum wage. Its gross amount will pass the symbolic bar of 1,700 euros for the first time, to €1,709. The gross hourly amount will reach €11.27.
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 further delay:
While the discount at the pump of 10 euro cents per liter purchased ends on December 31, 2022, the government wishes to continue its policy of supporting the most modest French people. In this sense, a new fuel aid of 100 euros will be distributed from beginning of the year 2023. More targeted aid, intended for the 50% of the poorest households, i.e. 10 million people. For example, your reference tax income (RFR) 2021 must be less than or equal to 14,100 euros to hope to pocket this exceptional bonus. To claim it in 2023, nothing could be simpler. Visit the website of taxes to complete a form using your tax number, your license plate number and a sworn statement confirming that you are using your vehicle to go to work.
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 (housing savings plan) will double! Indeed, it will go from 1% to 2% starting the January 1, 2023 announced the Minister of Economy Bruno Le Maire, Thursday, December 8. This is the first increase 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 MaPrimeRénov’ 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, MaPrimeRénov’ 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 motorways could soar from 7% to 8%. The motorway companies’ contract plans 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.