2023-07-31 12:19:47
Who says 1st of the month says change. This August 1 is no exception to the rule. Receipts are no longer compulsory, regulated electricity prices increase by 10%, the ceiling of the People’s Savings Account is raised… Here is everything you need to know about these changes in August.
No more systematic printing of receipts
After two inflation-related postponements, the end of the systematic printing of receipts comes into effect on August 1.
This measure, which also concerns credit card receipts, is taken in the name of ecology. But it is criticized by consumer associations, who point out that receipts are a tool for managing the family budget of many households because it allows them to check the price of the products purchased.
But the slip will not disappear, customers who wish can always request its printing at the checkout, in particular to remove a doubt about a price or to have proof of purchase and potentially have a product exchanged or refunded. In restaurants, hotels, at the hairdresser or even the garage, its printing remains mandatory.
10% increase in regulated electricity prices
The tariff shield is gradually eclipsing. As of August 1, consumers will face a further 10% increase in regulated electricity prices. A new increase planned for households and small businesses which aims to gradually reduce the “tariff shield” to ease the pressure on public finances.
From now on, the shield will only cover 37% of the consumer bill against 43% previously. Since 2021, the regulated tariff on which 23 million electricity subscribers depend will therefore have increased by 31%.
The ceiling of the People’s Savings Booklet raised
The ceiling of the Popular Savings Book (LEP), reserved for the most modest households, goes from 7,700 euros to 10,000 euros, while its interest rate drops to 6%, against 6.1% previously.
No change for booklet A, however. Its rate remains maintained at 3% despite the increase recommended by the formula for its calculation, the authorities having decided not to revalue it on August 1.
Beginning of the payment of the back-to-school allowance
The back-to-school allowance (ARS), on the rise this year, will be paid from August 1, in Mayotte and Reunion. It is only from August 16 that it will be paid in mainland France, Guyana, Martinique and Guadeloupe.
The ARS, conditional on household resources, is aimed at families with children aged 6 to 18, educated in a public or private establishment, in apprenticeship or cared for in a specialized reception establishment. It is intended to help with the purchase of school supplies, equipment or even clothing.
Between 398.09 and 434.61 euros depending on the age of the child, the ARS has been increased by 5.6% compared to last year.
Wear rate still on the rise
Mortgage ceiling rates are rising again. From August 1, the usury rate, i.e. the maximum rates at which a credit institution can grant a loan, will reach 5.12% for loans with a duration of between 10 and 20 years, and 5.33% for loans over 20 years and over, an increase of 0.24 points over one year.
As a reminder, wear rates are temporarily updated every month, compared to every quarter usually. The objective is to allow banks to update their credit rates regularly to finance more files.
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