“June 2021 Updates: Purchasing Power Bonus, Electric Car Provisions, and More”

2023-06-01 04:00:00

New for your purchasing power. Since June 1, you may be one of the lucky beneficiaries of a “purchasing power” bonus, granted by your employer.

Purchasing power bonus. In the amount of a maximum of 750 euros in companies which have made exceptionally high profits (500 euros in those with high profits, editor’s note), it can be granted in the form of a check which can be used within the framework of the existing network of vouchers. meals and eco vouchers. If your company chooses this option, you can receive this check by the end of the year and use it until December 31, 2024.

Go electric. This Thursday, new provisions also came into force in terms of mobility. First of all, the rules for transforming a thermal car into an electric car are simplified. But it will still be necessary to wait a little for the approval to be fully operational.





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The ball is now in the court of the regions, which must adopt their own normative framework “as soon as possible”, according to the Federal Minister for Mobility, Georges Gilkinet.

Driving licence withdrawal. Minister Ecolo recently passed another application measure as of June 1: the immediate withdrawal of permits for a period of 15 days from 1.2 grams of alcohol per liter of blood. Instead of 1.5 currently. According to the minister’s office, this corresponds to a consumption of 4 to 5 glasses of alcohol. An indication which can of course vary according to sex, age or body size.

The objective of the measure is to overcome the trivialization of drunk driving, too often observed in Belgium, according to the Institute for road safety, Vias.

Theoretically, a withdrawal of 15 days might already be applied from 1.2 grams but this happened in fact very rarely. From this Thursday, it is therefore systematic.

Hardened time credit. Another big change to note for the month of June: a tightening of the conditions for accessing time credit for child care. While currently parents can claim it following two years of career, in the future they will have to wait one more year. Remember that the right to benefits has also been reduced from 51 to 48 months. And that this time credit can only be taken full-time if the child is under 5 years old, compared to 8 previously.

In 2022, 31,170 parents had access to this time credit according to Onem statistics. This year, there are more than 30,700 beneficiaries during the first three months.

Consumer loans. The maximum tariffs for consumer loans increase from this June 1, 2023. The legal maximum annual percentage rates (APR) for credit openings, among which the so-called “credit cards” with installment repayment and the possibility of going negative on a current account, increase by 1.5 percentage points, specifies the administration. This means that these lines of credit will grow if they come with a variable lending rate and the APR matches the maximum, which is often the case.

The maximum APRs for loans and installment sales and for leasing up to 1,250 euros increase by 2.5 percentage points and those over 1,250 euros by 2 percentage points.

The new maximums are only applicable to new credit agreements and to existing credit agreements with a variable debit rate. They therefore do not apply to existing contracts with a fixed borrowing rate.

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