Before Prime Minister Charles Michel’s resignation, his government had presented 10 measures aimed at improving the finances of the Belgians. What will happen after this new political crisis?Simulate your loan online
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Mobility Budget
This measure aimed to replace company cars of employees with electric or hybrid vehicles. The Council of Ministers had approved the bill in the summer of 2018, while Parliament was due to discuss this measure by the end of 2018. However, the vote is postponed to at least January 2019.
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Company Law Reform
The company law reform deeply modified the possible forms of companies. Only 4 forms were planned instead of the current 7. The vote was postponed because the Council of State has a month to decide on certain amendments. A new majority will then need to be found for the reform to pass.
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Part-Time Pension
Workers over 60 will be able to work part-time while receiving their pension part-time. Although a draft bill was adopted in October, negotiations between social partners, as well as between the N-VA, Open Vld, and the government have stalled.
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Pension Traps
With the new tax calculation, the net amount of pensions will be increased. Before this measure, there was talk of a “pension trap” where pensioners received less income. It seems this measure is frozen, as the draft bill adopted on November 23 hasn’t seen further progress.
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9/10 Parental Leave
This measure allows employees to take parental leave while working with a 1/10th reduction in their working time. In simple terms, they would work half a day less per week. All that’s left is to issue the necessary royal execution decrees.
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Paternity Leave for the Self-Employed
In the future, self-employed individuals will be able to take paternity leave just like employees. There appears to be a broad political consensus on this issue. It is therefore likely that the measure will not be abandoned.
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Extraordinary Expenses Distribution
It is planned that a list of extraordinary expenses that parents must share will be enshrined in law. Previously, parents only shared educational expenses according to their income and had to consult about extraordinary expenses, which caused many problems.
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Energy Bill
An homogenization of electricity bills is planned as they are currently too obscure. Regulations on these issues were supposed to be signed at the beginning of March 2019, but it is uncertain whether authorities will be able to do so by that date.
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120&eur; Tax Reduction
The 120 euros tax reduction planned for legal protection insurance to improve access to justice has yet to go through a parliamentary vote. The Council of Ministers approved the bill in November.
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Volunteer Flat Fee Compensation
The Council of Ministers approved a bill granting tax-exempt flat fee compensation for volunteers. The use of their bike or car could be compensated up to 2000 km per year, or without limit for volunteers caring for the sick or children. The parliamentary vote is still pending.
APR of your personal loan or debt consolidation. There will theoretically be no change in the annual percentage rate for the personal loan or debt consolidation (installment loan). This is good news.
As you can see, finding financial balance in every household won’t be easy. If you need a helping hand, consider Credafin’s personal loan. To reduce your monthly expenses, think about credit consolidation!
