what changes on January 1 for the household budget

In front of a Navigo pass reloading station, in the Paris metro, in March 2020.

Por the finances of individuals, the arrival of the new year rhymes with the entry into force of a series of measures, rate increases and revaluations. In 2023, they will bear the seal of rising prices, particularly those of gas and electricity.

Housing and real estate

Emblematic measure of 2023, very energy-intensive housing will no longer be considered “decent”. Their tenants will therefore be able to impose work on the owner. Initially, properties consuming more than 450 kilowatt hours (kWh) per square meter per year are concerned, for new contracts. This threshold will then move downwards.

Another novelty aimed at encouraging lessors to embark on work: the operation will be more tax-efficient, it will be possible to deduct from its overall income up to 21,400 euros for energy renovation work, instead of 10,700 euros ( this is the mechanism of the “land deficit”).

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Please note that in 2023, you will no longer be able to obtain MaPrimeRénov’ aid to buy a gas boiler, even with very high energy performance.

Do you need a home loan? This 1er January, the usury rate, ie the ceiling to which the bank can lend, increases again. It goes from 3.05% to 3.57% for loans over twenty years or more; a double-edged impact for borrowers: rates will rise, but this should encourage banks to lend a little more willingly – usury is indeed accused of restricting access to credit.

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Are you planning to buy a home to rent out? The tax reduction granted under the “Pinel” scheme decreases, it will be between 10.5% and 17.5% (depending on the duration of the rental). However, you will be able to benefit from the old rates, from 12% to 21%, if the accommodation meets certain energy performance and comfort criteria.

Work and pensions

The minimum wage is revalued by 1.81% on 1er January, bringing the gross amount to 11.27 euros per hour; and at 1,709.28 euros over one month. Basic pensions increase for their part by 0.8% (a large part of the annual revaluation, 4%, had been granted in advance in mid-2022). In the public service, the teleworking package is increased by 15%, to 2.88 euros per day (up to a limit of 253.44 euros per year).

On the payslip, even if you do not receive the minimum wage or your salary does not increase, you can expect slight changes in your net salary in January, linked to variations – upwards and downwards – contributions.

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