The end of the year: This is how Austria's workers benefit in December!

The end of the year: This is how Austria's workers benefit in December!

In December 2024, employees can look forward to an additional salary check! Thanks to a change in the law, which provides for an increase in the basic allowance by 180 euros, taxpayers pay less taxes. This allowance increases from 11,604 euros to 11,784 euros, which means that more net content ends up on the accounts of the employees. According to calculations by the German taxpayer institute, single people with a monthly gross income of 2,000 to 7,000 euros are expected to be relieved of around 34 euros. Families with two children can even count at around 62 to 68 euros more, depending on their income, as T-Online reported.

decoration VR for pledge objects

While the financial situation of many employees improves, the deposit business is also booming in Austria. In December, more deposit money is traditionally used, which in turn is due to the past Christmas parties. In addition to gold jewelry and cars, electronic devices and gifts are particularly popular, which many people pledge after the holidays. This reports ORF, who points out that customers comprise various age and professional groups, whereby there is a clear surplus in the car area. The deposit business is experiencing a real renewal during this time, while the creditors hope for the returns.

The increase in allowances should also counteract the so -called "cold progression", a phenomenon in which wage increases cannot adequately secure purchasing power while the social security contributions should increase at the same time. This step is considered necessary by many to give people a better life. At the same time, the deposit business can also benefit from a high capacity utilization, since many citizens rely on additional financial resources after they have bought gifts.

summarized December 2024 for employees financially gratifying, while the deposit business in Austria is flourishing due to these circumstances.