Working in old age pays off. In Austria the Active Pension starts soon. The government decided this on Friday. From the year 2027 people get a money benefit. You pay fewer taxes when you work longer. The Freibetrag is 15.000 Euro every year. That is up to 1.250 Euro every month. Who gets the money? People get the money if they start the pension later. You also save money if you work while getting a pension. You do not pay the insurance fee for the pension then. There are rules for the Active Pension. Men need 40 years of work. Women need 34 years of work right now. The betriebliche Vor-Sorge is important. From 2028 there are more changes. Everyone can use the betriebliche Vor-Sorge. Companies save money for the retirement of their staff. Workers can put their Ab-Fertigung into a pension fund. The government calls this a big change for the job market. The parliament must still agree to the new laws.
New help for working retirees
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Definitions
- Active Pension
- A new model from the government. You get more money if you work longer.
- Tax free amount
- A part of your money. You pay no taxes on this money.
- Company pension
- A plan from the company. The company saves money for your retirement.
- Severance pay
- Money you get when you leave your job. You can now put this into a pension fund.
Locations
- Austria
- A country in the middle of Europe.
Sources
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