Social insurance at a glance
Values for 2022
|Marginal earnings threshold/insurance threshold relevant for SVS:||EUR 5,830.20|
|Monthly marginal earnings threshold (ASVG):||EUR 485.85|
|Artists’ Social Insurance Fund (KSVF)|
|Minimum limit:||EUR 5,830.20|
|Maximum grant:||EUR 1.896/year|
Voluntary self-insurance 2022
The contribution to voluntary self-insurance at the ÖGK (health and pension insurance)
- is EUR 68.59 per month for marginally employed persons.
- is EUR 64.78 per month for students.
Volontary "Opting in" at the SVS (health insurance - no pension insurance!)
- EUR 43.68 per month
Prescription fee per medicine 6.65 Euro
Minimum Pension 2022
Single persons 1,030.49 Euro
Couples 1,626,71 Euro
Reduced VAT rate expired
The reduced VAT rate of 5% for gastronomy, hotels and the cultural sector expired on 31.12.2021, therefore the regular rate (13% for sales in the cultural sector) applies again as of 1 January 2022.
Key points tax reform 2022
The 2nd rate bracket of income tax (18,000 to 31,000 euros annual income) will be reduced from 35% to 32.5% as of January 2022, and to 30% as of 2023. The 3rd rate bracket (31,000 to 60,000 euros annual income) will be reduced from 42% to 41% from January 2023, and to 40% from 2024.
Hackler regulation to be replaced by early starter bonus in 2022
From the beginning of 2020, employees, farmers and tradesmen could retire at 62 after 45 years of work without reductions (deductions).
In November 2020, the National Council decided to end the current hackler regulation. From 2022 onwards, it will still be possible to retire at the age of 62 after 45 years of insurance, but deductions of 4.2% per year difference to the
standard retirement age.
However, the early starter bonus is intended to compensate for the loss of the Hackler regulation. This means that people with at least 25 years of contributions to their pension account and twelve months of work before the age of 20,
will receive a minimum of one euro and a maximum of 60 euros per month on top of their pension.