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Eight Important Changes That Will Affect Your Wallet from July 1, 2023

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It’s almost time. From July 1, 2023, things will change again that may affect your wallet. Which measures have a positive or negative effect? In this article we list the eight most important ones.

1 – Excise duty on petrol and diesel increased

Fuel has become a lot more expensive recently, but refueling will cost even more from 1 July 2023. Fuel prices are adjusted for inflation. And the excise duty on petrol and diesel goes up again. In April 2022, another excise duty reduction was introduced, because energy prices skyrocketed. But this measure has now been reversed. On the site of the central government states the following:

The excise duty on petrol will be 789.10 euros per 1000 liters as of 1 July (was 650.71 euros from 1 April 2022). The excise duty on diesel will be 516.25 euros per 1000 liters as of 1 April 2022 (was The excise duty on autogas will be 344.74 euros per 1000 kilograms as of 1 July (was 284.29 euros from 1 April 2022).

2 – Pay extra for plastic cups and meal packs

A lot of plastic is still often used for a coffee to go, fries with chips or a pre-packaged meal. As of 1 July 2023 companies are therefore no longer allowed to give away free plastic cups and meal packaging. You will have to pay extra for this from then on. Companies can decide for themselves how much this will be.

Plastic-free and paper packaging, on the other hand, avoid the levy. Text continues below the link.

3 – Telephone subscription is becoming more expensive

The prices of the two largest providers Ziggo and KPN use an ‘inflation correction’; an increase by the percentage of inflation. As of July 1, 2023, as a customer of these telecom companies, you will pay more every month. Ziggo increases the average subscription price by no less than 8.5 percent. KPN also raises the price by 6.4 percent, with a maximum of 4 euros per month.

4 – Rents go up

If your rent is increased, this usually happens on July 1. Once a year, landlords are allowed to increase the rent if they have announced this two months earlier and point out to you the possibility to object.

The following applies to social housing: the landlord may increase the rent by a maximum of 3.1 percent for a monthly rent of 300 euros or more. Do you pay less than 300 euros? Then the landlord may collect up to 25 euros extra per month.

Is your income more than 48,836 euros as a single person or 56,513 euros in a multi-person household? In this case, a larger rent increase is allowed. Of course this is determined on the basis of your income.

In addition, a maximum increase of 3.1 percent also applies to rooms, caravans and pitches. Are you renting a private sector home? In that case, a maximum of 4.1 percent has been in effect since 1 January.

Lees here more about the rent increases as of July 1, 2023.

5 – Reduction of child benefit

Child benefit in our country follows the average price development. Because inflation has fallen slightly, the child benefits. You can see how much it changes below:

Child up to and including five years: 261.70 euros per quarter (8.06 euros less than now)Child aged 6 to 11: 317.77 per quarter (9.79 euros less than now)Child from 12 to with 17 years: 373.85 euros (11.52 euros less than now)

At the beginning of October, parents and carers will receive the new, reduced amount for the first time.

6 – Increase of tax interest

You could file your tax return until 1 May. But did you do this until afterwards? Or does it turn out that you have to pay extra on your income tax of 2022? Then you will tax interest must pay. As of July 1, 2023, this will increase by 2 percent, increasing the current 4 percent to 6 percent.

7- Maximum loan interest rate rises

Lenders are now allowed to charge a maximum of 12 percent interest for a loan. That will be from 1 July 2023 a maximum of 14 percent. “In response to this, lenders who are already approaching 12 percent with their interest rates will increase them in the near future,” predicts Amanda Bulthuis, money & insurance expert at the financial comparison site geld.nl.

For personal loans, the interest rates for the lower loan amounts in particular will rise after 1 July, Bulthuis expects. “We are already seeing that lenders are charging 11.9 or 12 percent interest for loan amounts of up to 2,500 euros. With these amounts, the lenders will therefore be the first to use the extra room that arises if they are allowed to ask for a maximum of 14 percent.

8 – Both minimum wage and AOW will go up

A positive note is the increase in the minimum wage. From July 1, it will increase by 3.1 percent. Do you want to know more about this change? Then read the article below.

In addition to the minimum wage, the state pension will also increase. There will be a total of about 2 percent, both gross and net.

Sources: Business Insider Netherlands, MAX Today, Central Government, Meijburg.nl, Belastingdienst, Kassa, Ziggo, KPN, ct.nl

More about:

excise, diesel, petrol, plastic packaging, telephone subscription, rent, child benefit, tax interest, loans, minimum wage, state pension, 1 July 2023
2023-06-30 10:52:55
#Refueling #expensive #rent #change #wallet #July #Checkout #BNNVARA

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