Electricity price hike, toll and tobacco, pension hike… Know about the changes that will come into effect from February 1, 2024.
Increase in electricity prices
Electricity prices will increase again on February 1, 2024. This time, the bill hike will be 9.8% on peak and off-peak rates and 8.6% on base rate. , advertises a government website.
The increase is linked to the phasing out of the Tariff Shield, which was put in place by the Executive in 2021 to tackle rising energy prices.
Revaluation of Basic Retirement Pension
Next month will see a slight increase in the pensioners budget. The basic pension will be subject to an increase of 5.4%. Effective from January, this increase will be received on the occasion of payment on February 9, the site mercipourlinfo.fr specifies.
This revaluation will concern other pensions, such as:
– Survivor’s Pension
– Solidarity Allowance (ASPA) for the elderly
– Widow’s Allowance
– Solidarity allowance for old salaried workers;
– life support;
– Allowance for mothers.
Increase in toll rates
Bad news for motorists: Motorway toll prices will increase on February 1. An increase limited to 3%, thus setting aside the 5% figure specified for the time being by the motorway concessionaire.
The increase, implemented every February 1, averaged 4.75% in 2023, resulting in particularly high inflation. This year, it will not exceed 2.79% on the main motorway concessionaire, the Vinci network.
However, some areas will see more significant increases. This will be the case for the Mont-Blanc tunnel, the A6 duplex, the A150 between Rouen and Le Havre, the A79 in Allier and the Millau viaduct which will see their prices increase by 4 to 5.8%, reports. Parisian.
Also Read:
Motorways: On February 1, 2024, toll prices will increase by around 3%
RSA, Activity Bonus: New amount to be announced
From January 2024 onwards, the social net amount shown on pay slips and benefit statements becomes the reference amount to be declared for availing RSA and activity bonus.
#SocialNetAmount | From January 2024, the social net amount is displayed on all pay slips and will appear on benefit statements throughout 2024. From February 1, it must be used for procedures to benefit from the activity bonus and RSA\u2935\ufe0f.
— Ministry of Solidarity (@Solidarite_gouv) January 18, 2024
Inheritance Tax: Easy Payment Credit
For people whose loved ones have just passed away, the procedures for availing payment credit to pay inheritance fees will be simplified from February 1, 2024. “The decree published on December 28, 2023 simplifies the process by reducing the response time of the public. Accountant for two months,” the government specifies. The payment credit allows the payment of heir fees to be divided or delayed.
Drop into Popular Savings Account (LEP).
Bad news for French people saving in a population savings account: their remuneration will increase from February 1, 2024 to 5% instead of 6%.
The Livret A rate will be maintained at 3% until 2025.
Also Read:
Savings: Why Popular Savings Book Remuneration Rate Will Decline Rapidly
Increase in internship remuneration
The minimum remuneration bonus given to interns of two months or more will increase by 7% from February. It thus rises from 4.05 to 4.35 euros per hour, an increase of 40 to 50 euros per month for students and student interns, the Servicepublic.fr website underlines.
An increase in the price of tobacco
Also Read:
Tobacco prices: Increase by 50 cents to 1 euro per pack of cigarettes in 2024
According to the February 16 order, certain tobacco brands will see their prices rise in February. This is the case for Dunhill, Vogue and Peter Stuyvesant cigarettes which will go from 12 to 12.50 euros. Some cigars, cigarillos or packs of rolling tobacco will also see an increase of between 10 cents and 1 euro. Prices can be seen on the Customs website.
