what changes on August 1st

Less numerous than on July 1 and January 1, the month of August still brings its share of changes for the Frenchman.

The executive has notably decided to follow the recommendations of the Banque de France on the livret A and the popular savings account (LEP). For the first, its rate will now stand at 2%, its highest level since 2011 (then at 2.5%). It then fell to 0.5%, before a first increase decided in February 2022. The LEP, reserved for individuals with modest incomes, will also increase and go to 4.6% (against 2.2% until then).

Rise in the minimum wage and discounts at the pump

The surge in inflation recorded in recent months also leads, in accordance with the Labor Code, to an increase in the minimum wage. The minimum wage will thus be increased by 2.01% and will increase from €1,302.64 net to €1,329.06 per month. Or €8.76 per hour.

This increase during the year applies when inflation, calculated for the 20% of the least well-off households, “increase of at least 2% compared to the index observed when establishing the last amount of the minimum wage”.

August 1 will also mark the tripling of the cap on the value-sharing bonus (better known as the “Macron bonus”) that companies can grant, without social charges or taxes. Introduced following the “yellow vests” crisis, then made permanent, the bonus saw its ceiling rise from €2,000 to €6,000 net in companies that had signed a profit-sharing agreement and those with fewer than 50 employees. It can be submitted between August 1 and December 31.

Car owners will also benefit from discounts at the pump. Supposed to stop at the end of July, the discount of 18 cents per liter will be raised to 30 cents in September-October and will then be lowered to 10 cents in November-December. In addition, Total has also decided to offer a reduction of 20 cents, from September 1 to October 31. Added together, these two discounts should bring down the price of a liter of fuel to around €1.50 (provided you buy from TotalEnergies).

End of the state of health emergency and approach of the start of the school year

The beginning of the month will also mark the end of the state of health emergency. This allows the executive to take measures relating to travel and to impose reduced gauges in public establishments. As a result, the scientific council also bids farewell. However, it could be replaced by a body responsible for anticipating future health crises.

Finally, with the start of the school year approaching irretrievably, some families will be paid a first return during the month. This is aimed at families whose children (aged 6 to 18) are in school and whose reference tax income must not exceed a ceiling that varies according to the number of dependent children.

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