Especially during the holiday season, help from everywhere is welcome. For a long time, there was talk of providing pensioners with relief from social security contributions. Now it has obviously succeeded.
Pensioners can pursue gainful employment in addition to receiving a regular retirement pension. Men from the age of 65 and women from the age of 60 (attention: increase in the standard retirement age!) can generally earn an unlimited amount of additional income, but must pay wage and income tax. If the gross salary exceeds the marginal income threshold (EUR 518.44 per month), social security contributions must also be paid.
The most important legal change from 2024:
The federal government pays employee contributions to the pension insurance for additional earnings up to an amount of EUR 1,036.88, which corresponds to twice the marginal income threshold. No pension insurance contribution is deducted up to this allowance and the contributions remain unchanged for employers. Of course, this applies to ASVG policyholders, but also to BSVG and GSVG policyholders.
This measure is limited until 31.12.2025.
Please note: This does not apply to special payments and the assessment of income tax increases as a result, as no social security can be deducted – after all, it is not paid either.
If you have any questions or concerns in this regard, please contact payrollsupport@coredat.com. Our consultants will be happy to support you with your individual case.
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