Personal finances in France – what changes in September 2024?
Educational grant applications open
Applications for French collège and lycée grants open on the 2nd of September until the 17th of October (31st of October form some students). Collège years in France are generally between 11 and 15 years old, whereas Lycée is generally between 15 and 18 years old. You can find out more here. You can also find out about more financial help for parents and students, including for primary school costs, here.
Increase to some pensions
An increase worth an average of 60 euros per month (before tax) is due to be paid to almost 1.1 million low-income pensioners from the 1st of September 2024. This is part of the French pension reform changes (summarised in our blog here).
Updates to monthly income tax deductions
For people with a regular monthly income, tax is usually deducted monthly in France and then any difference between the tax paid and owed will be made up once you receive your annual French tax bill (normally, between July and August following the end of the tax year, which is the same as the calendar year in France, for individuals).
The amount of tax that is deducted from your payslip monthly may increase or decrease from September 2024 depending upon your income in 2023. You can normally reduce this rate by logging into your French online tax account.
French property owner’s tax bills to be received
French property owner’s tax bills, known as avis de tax foncière, started to become available on the 28th of August and for those who pay monthly, it will be available in your online tax account from the 20th of September. If you have opted to receive a paper-based tax bill then they will be sent between the 28th of August and the 20th of September if you pay annually, and between the 23rd of September and the 9th of October if you pay monthly. You can find out more about taxe foncière 2024 dates here.
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The views expressed in this article are not to be construed as personal advice. Therefore, you should contact a qualified, and ideally, regulated adviser in order to obtain up-to-date personal advice with regard to your own personal circumstances. Consequently, if you do not, then you are acting under your own authority and deemed “execution only”. Additionally, the author does not accept any liability for people acting without personalised advice, who base a decision on views expressed in this generic article. Importantly, this article is dated and is based on legislation as of the date. It should be noted that legislation changes, but articles are rarely updated. Sometimes a new article is written; so, please check for later articles. Additionally, check for changes in legislation on official government websites. Finally, this article should not be relied on in isolation.
