Purchasing power: what changes for your budget from today

To preserve the purchasing power of the French, the State has set up several financial aids. But before long, some will disappear.

The year 2022 was marked by a successive increase in the price of foodstuffs , electricity, gas and fuel. These abrupt changes put the French in torment. Since the beginning of the year, their purchasing power has plummeted. The government has therefore set up a large number of financial mechanisms to support those in need. These have cost many millions of euros to the State. From January 1, some will disappear or be replaced by other devices . Discover them in this article.

Purchasing power: end of the fuel discount

On April 1, 2022, the government created a “fuel discount” in order to protect the purchasing power of all those who go to the pump. It has been applied to several kinds of fuels, in particular diesel ethanol (ED95), natural gas (CNG vehicle) in compressed (CNG) or liquefied (LNG) form, diesel, super ethanol, etc.

Until mid-November, the French, without distinction, had benefited from a discount of 30 centimes on the liter . From November 16, 2022 until December 31, 2022, this discount is reduced to 10 cents.

This device will disappear on January 1, 2023. But panic. This one will be replaced by similar aid . This is a more localized measure and will require a particular income condition .

The new device will benefit 10 million drivers , the most modest, those who use their vehicle to go to work. Occasionally, these will benefit from a bonus of 100 euros .

That said, this financial assistance is paid per individual, but not per household. A modest couple can therefore receive 200 euros on the way to work .

The government considers that a worker who travels an average of 12,000 km per year , could therefore save 10 euro cents per litre. However, this discount is not available at the pump. To obtain it, you must systematically apply for it. For that, you will have to go to the website impots.gouv.fr and fill in the required information (tax number, license plate, sworn statement). After that, the premium will be paid into the beneficiary's bank account .

Transfer your life insurance to a PER to improve your purchasing power

This was good news for the French who owned a life insurance contract more than 8 years old. This measure allowed them to transfer their life insurance account to their retirement savings plan (PER).

To benefit from this device, the individual had to be at least 57 years old . The latter then had to make the full transfer of the account before December 31, 2022. In order to successfully change the investment medium, you cannot keep part of your assets on your previous contract at all life insurance.

This system is even accompanied by a double tax deduction. A single person was entitled to an allowance of 9,200 euros . In 2022, a couple therefore benefited from an allowance of 18,400 euros.

But all this advantage has a counterpart. It should not be forgotten that the PER fed will be blocked until the beneficiary retires . And this, except in cases of early release of the PER (disability, termination of the employment contract, birth or adoption of a third child, marriage, conclusion of a PACS, divorce, over-indebtedness, etc.)

The end of the exceptional release of employee savings

The law on the protection of purchasing power of August 16, 2022 introduced a beneficial measure for employees . Since last summer, employees had the possibility of unlocking the Company Savings Plans (or PEE) on an exceptional basis. (disability, termination of the employment contract, birth or adoption of a third child, marriage, conclusion of a PACS, divorce, over-indebtedness, …)

A few thousand euros could then be released, without exceeding the threshold of 10,000 euros. The sum obtained was free of taxes and social contributions . But this operation could only be done in one go.

This being the case, the unlocking carried out absolutely had to be used to pay for a good or service . To justify this action, the employee must be able to keep a record of his operations. This was necessary especially if a tax audit presented itself.

The employee therefore did not need to wait for the regulatory 5 years or meet the conditions for early release to take advantage of this system. Many of them were able to benefit from this tax advantage . To qualify, you had to contact an employee savings manager. However, this exceptional release of the employee savings contract ended on December 31, 2022 .

Source : Feminine