The Livret A rate blocked, the LEP ceiling raised to 10,000 euros, the date of payment of the back-to-school allowance revealed… MoneyVox summarizes the 5 unmissable news for you this week.
The rate of the Booklet blocked 3%
A thunderclap for the 55 million holders of a Livret A. The rate of the savings product preferred by the French is maintained at 3% despite inflation. This is the decision taken Thursday by the Minister of the Economy.
This rate of 3% will be maintained for a year and a half, indicated Bruno Le Maire speaking of good news and a major decision, while the rate can be reviewed normally every 6 months. In his view, this will give savers security, stability and visibility. But this announcement is likely to cause many teeth to cringe.
SIMULATOR. Booklet A: how many interests will you have at the end of 2023?
Indeed, according to the formula for calculating the Livret A rate, the remuneration was to increase from 3% to 4.1% from 1 August. This incorporates the trend in average inflation excluding tobacco over the last six months and the half-yearly average of the ester, an interbank reference rate.
But the minister decided otherwise. Because according to him, a higher rate would have increased the cost of credit for SMEs, which need to invest as well as that of credit for social housing, ie tens of thousands of social housing units less.
A decision which will lead to a shortfall for the savers and which will be higher than 200 euros for some. Explanations.
Here is the real rate of the Livret A for the year 2023
inflated LEP
To take the pill, the People’s Savings Booklet (LEP), reserved for the most modest households, will see its rate drop from 6.1% to 6% from next month. This is much more than the 5.6% provided by the calculation formula.
Today, 9.7 million individuals have an LEP while more than 18 million are eligible. To further promote the LEP, the Minister has indicated that its ceiling will increase from 7,700 euros to 10,000 euros. Here is the effective date of this measure.
Early retirement
You started working very young? Are you convinced that you can leave at 60, 62 or before 64 despite the reform? We explain how to count your quarters to retire earlier.
Regarding the reform, the Pension Insurance has updated its computer systems by integrating new parameters such as the gradual shift in the legal age of departure or the extension of the contribution period. The case of the first people affected by the reform can now be heard, as MoneyVox learned exclusively this week.
New date for the back-to-school allowance
The date for the payment of the back-to-school allowance, which helps low-income parents pay for schoolbags and other supplies, was announced this week. Good news, the amounts have been increased by 5.6% compared to the premium paid last year. About three million families, or five million children aged 6 to 18 are concerned.
Granted subject to means, this aid paid by CAF or MSA amounts this year 398.09 euros for children from 6 to 10 years old, 420.05 euros for children from 11 to 14 years old, and 434.61 euros for teenagers from 15 to 18 years old. Find out when you might receive this help.
Bad news for highway rates
Hard blow for motorists who will take the highway this summer. Breakdown and towing rates have exploded in 2023, up by almost 5%, after the +4% of 2022. Here are the new rates required.