Livret A, Smic, health emergency… What changes on August 1

The month of August will be marked in particular by the increase in the return of regulated savings, the revaluation of Smic, pensions and many social benefits as well as the end of the health emergency.

August 1 is no exception. Like every first day of the month, this Monday is marked by the entry into force of a series of measures, which have many effects on the daily life of the French. Booklet A, minimum wage, health emergency… Overview of the main changes.

• Livret A, LDDS, LEP… Better returns for regulated savings

After a revision to 1% in February, the Livret A rate will drop to 2% on August 1, taking into account the level of inflation. This is the highest level in almost 10 years. The fee for the sustainable and solidarity development booklet (LDDS) also increased to 2%.

For its part, the popular savings account rate (LEP) will be 4.6%, against 2.2% previously. As a reminder, the ceiling of livret A is set at 22,950 euros, excluding the interest paid to the bank. The LDDS is 12,000 euros and the LEP is 7,700 euros.

• The minimum wage increase

Third revaluation of the year for the minimum wage. On August 1, the minimum wage will automatically increase by 2.01% to take inflation into account.

Concretely, the monthly minimum wage will increase by almost 26 euros for a full-time job, for a total amount of 1329.66 euros. In addition to the annual revaluation on January 1, the Smic is actually mechanically increased during the year by the amount of inflation for the 20% of households with the lowest income, if it exceeds 2% compared to the last increase.

• The index point for civil servants was revalued

As announced a few weeks ago by the Minister of Reform and Public Service and as provided by law on purchasing power, the index point for civil servants will be increased by 3.5% this August. , with retroactive effect in July. This increase results in a monthly salary increase of 45 euros net for the lowest indices.

• Increase for pensions and social benefits

If the purchasing power law is passed, the social benefits and retirement pensions will be increased by 4% during the month of August. This increase will apply in practice from July 1 retroactively.

In particular, these concerns, in addition to pensions, family allowances and social minimums, such as RSA, the disabled adult allowance (AAH) and student grants based on social criteria.

• 18 cent fuel discount extended

Originally supposed to end on July 31, the pump discount of 18 cents in effect since April 1 was extended by decree until August 31.

In fact, this discount will be available longer than expected. As part of examining the amendment of the bill, the deputies voted last week to increase it to 30 cents per liter in September and October. This subsidy should be reduced to 10 cents per liter in November and December.

• Ending a health emergency

The Parliament definitively adopted on Tuesday, July 26, 2022, through a final vote in the Senate, a health bill ending the state of health emergency and signing the end of the extraordinary measures against Covid, on August 1. Therefore, health measures such as confinement or curfew, health pass or the obligation to wear a mask will no longer apply.

Travelers over the age of 12 from abroad may be asked to test negative. This test may also be mandatory for travel between mainland France and overseas territories. No proof of vaccination or recovery from Covid-19 may be required.

• Payment of taxes and opening of online correction service

If the first reimbursement occurred on July 21, some taxpayers will receive a payment from the tax authorities on August 2. Those who are entitled to a refund of tax deductions or credits for certain expenses incurred in 2021 ( donations, housework, child care, etc.) and those whose taxes withheld, made last year, are higher than the final amount of the calculated tax. based on the 2021 tax return.

It is also worth noting that taxpayers who wish to correct an error or omission in their declaration completed in the spring can do so through the online correction service that should open on August 3 on the tax site.

• Payment of back-to-school allowance

As every year, the back-to-school allowance will be paid automatically (means-tested) in mid-August. In 2022, its value is increased by 4% like other benefits.

• Ban on fossil fuel advertising

According to a draft decree resulting from the climate and stability law, advertising for fossil fuels will be banned from August 22 (except for gas which benefits from a one-year reprieve). Concretely, a large retailer can no longer promote a “fuel at cost price” operation. Michel-Edouard Leclerc repeatedly criticized.

“It seems inappropriate to use this measure when fuel operations are in favor of preserving purchasing power and fuel prices have never been so high. that they exist and cannot benefit from them… they will cease to exist! “, declared especially the head of the centers of Leclerc.

• Freezing the rents of thermal sieves

While the increase in rents is limited to 3.5% a year, the rents of thermal strainers will be frozen from August 25. In fact, the climate and stability law prohibits this date from any rent increase for properties marked F and G under the diagnosis of energy performance (DPE).

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