Austria to Introduce a €500 Child Bonus: Who Is Eligible and How Will It Work?
11 Articles
11 Articles
Austria to introduce a €500 child bonus: who is eligible and how will it work?
The Austrian government has announced a new investment scheme for children, with an initial government contribution of €500. However, residency requirements and tax rules may affect foreign families living in the country.
Why all newborns receive 500 euros from the state, how much money families can save on the "future depot" and why children are likely to benefit more from better earners.
From 2027 all children get a future deposit, newborns even get a 500-euro start bonus from the state. However, there are some hurdles, in some cases even a repayment is imminent.
Families. For all under 18-year-olds, you can invest 5000 euros a year tax-free from next year. However, the 500-euro bonus is only available for children who are born from 2027.
Uni-Budget Drops by Around Ten Percent in Real Terms, Tax-Free Depot for Children Starts in Mid-2027
The budget of the universities also falls nominally slightly to just under 16 billion. Children born from January 2027 receive a start credit of 500 euros from the state
The Austrian government has agreed on a future depot.
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