Pension splitting boomes: Hundreds of thousands of Austrians secure the future!

Pension splitting boomes: Hundreds of thousands of Austrians secure the future!

Oberösterreich, Österreich - Voluntary pension splitting is enjoying growing popularity in Austria. According to information of 5min, parents are increasingly reporting on the possibility of transferring pension accounts. With the publication of new figures from the Ministry of Social Affairs, it becomes clear that a new high of 1,600 broadcasts was achieved in 2024. This represents an increase of 8.8 % compared to the previous year when there were still 1,471 cases.

Most of these broadcasts took place in Upper Austria with 365 and Lower Austria with 305. Pension splitting enables employed parents to transfer up to 50 % of their pension accounts to the parent, which bears the main responsibility for child rearing. This applies to the first seven years after the birth of a child and is intended to counteract altitude poverty in women.

Details on pension splitting

Voluntary pension splitting is an important measure to improve financial protection during age. The transfer of the credits can be applied for up to the age of the child's age. The employed parent can help compensate for the lower pension performance of the supervising parent, which are often lower due to child -rearing times.

parents who are insured in statutory pension insurance can benefit from this regulation. In addition, further information and applications from the pension insurance institution (PVA), the social security institution of the self -employed (SVS) and the insurance company publicly employed, railways and mining (BVAEB) are available, as explained on the website of the Ministry of Social Affairs.

statistical background

A look at the general pension benefits in Austria shows that these extensive social benefits from pension insurance, civil servants: interior pensions and pensions from social compensation include. Services from company pension provision and unemployment insurance are also taken into account, as noted on statistics Austria.

Overall, it turns out that pension splitting is not only an instrument to strengthen the financial security of families, but can also contribute to the equality of gender in old -age provision. The increasing figures of the transmissions illustrate that more and more families are using the opportunity to concentrate together on better age protection.

The efforts to combat old -age poverty and to support families will certainly continue to be the focus of Austrian social policy in the future.

For more information on the topic, interested parties will find the reports on the websites of 5min, [Ministry of Social Affairs] (https://www.