Smic, booklet A, fuel discount … here are the changes on August 1

Due to high inflation, the Smic (minimum interprofessional growth wage) will automatically increase on August 1 by 2.01%.

For a full-time job, the monthly minimum wage ranges from 1,302.64 euros to 1,329.06 euros net. The hourly minimum wage will change from 8.58 euros to 8.76 euros.

This is the fourth increase in Smic in less than a year, the last one happened on May 1, with an increase of 2.65%.

In addition to the annual revaluation on January 1, the minimum wage will be automatically increased during the year by the amount of inflation (calculated for the 20% of households with the lowest income) if it exceeds 2% compared to the last increase.

Inflation, confirmed at 5.8% in June, will lead to an increase in the minimum wage in August

Booklet A and LEP

The passbook A rate, the savings product held by most French people, reached 2% from August 1. This is the second increase this year, after the first doubling of the rate on February 1, from 0.5%, a historic low, down to 1%.

The doubling of the rate, proposed by the Governor of the Banque de France on July 14 and immediately accepted by the government, is explained by the increase in prices observed in recent months, which reached 6.1% a year in July.

Regarding the People’s Savings Book rate, which is reserved for people with a moderate income (maximum of 20,296 euros per year for one person), it ranges from 2.2% to 4.6%. We have to go back to 1998 to have a comparable rate (4.5%).

Back-to-school allowance

The back-to-school allowance (ARS) will be paid at the end of August, subject to resources, to families with at least one school-going child aged 6 to 18 years. This is part of the benefits that must increase by 4% under the “purchasing power” bill to cope with inflation.

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For the beginning of the 2022 school year, the amount is 376.98 euros per child aged 6 to 10; 397.78 euros per child aged 11 to 14 and 411.56 euros per child aged 15 to 18.

End of state of health emergency

After more than two years of the pandemic, the state of health emergency, a unique legal framework ordered in the face of the crisis, will end on August 1.

There are some concrete results, the main restrictions that have been removed. Only two steps remain on the agenda: the continuation of monitoring that makes it possible to determine the number of cases or hospitalizations, and the possibility of imposing a negative test on travelers leaving or returning to mainland France or abroad.

In addition, the scientific council, created at the beginning of the pandemic, will disappear but the Ministry of Health has promised to replace it immediately with a more permanent version.

Fuel discount

The “fuel discount” of 15 cents/liter excluding tax, which was implemented since April 1, has been extended until August 31.

Tolls, fuel: how to reduce the cost of motorway travel?

AFP

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