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Payroll simulator: How much do you earn by eliminating unemployment and health insurance contributions?Published on
Purchasing power has been at the heart of debates for some time now and is of great concern to the French. According to an Elabe survey conducted for BFM TV and published on 31 October, 74% of French people feel that their purchasing power has decreased in recent months. Faced with the general discontent, the government launched on Wednesday a pay slip simulator allowing Internet users to see what they are getting from the abolition of health and unemployment insurance contributions since 1 October 2018.
The pay slip simulator for the private sector
On 1 October 2018, unemployment contributions were abolished for almost 20 million employees. At the beginning of the year, the government had already made a first reduction and abolished health insurance contributions. The simulator put online on November 8, 2018 on the website of the Ministry of Economy and Finance allows private sector employees to view their “earnings” since these deletions.
The simulator is relatively easy to use since you just have to enter your gross salary in the dedicated field. It applies only to gross salary and does not take into account any bonuses and bonuses you may receive this year and in 2019.
The simulator displays 4 data:
- The monthly gain from January 1 to September 30, 2018
- The monthly gain since October 1
- The annual gain over the whole year 2018
- The annual gain from 2019 onwards
You will also have noticed on your pay slip, the deletion of the “Unemployment Insurance” line and the appearance of a new box indicating your net earnings. This pay slip simulator is available on PC and mobile.
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