Susanne Wolf
Here are some alternative pension options:
The voluntary higher insurance is a possibility to increase the state pension as a pension provision. You don't pay into private insurance, but into the public pension system. The annual contribution may not exceed twice the maximum contribution basis - that is currently 9.060 euros.
With the Additional purchase of school and study periods the pension can be increased or the pension can be brought forward. A school, study or training month costs 1.1.1955 Euro for persons born after the 1.032,84. For persons who were born before the 01.01.1955, the additional purchase becomes more expensive due to a so-called "risk surcharge": after completing the 55. One year of training costs 2.292,90 Euro, after completing the 60. Year 2.416,85 Euro.
Private pension provision
All banks and insurance companies offer pension plans. However, AK expert Wolfgang Panhölzl warns against rashly concluding an investment product. Private providers would make the pension gap as large as possible by mixing nominal (inflation-adjusted) with real values. If a high return is promised, the risk is usually very high. In a report by the VKI (Association for Consumer Protection), private pension providers are not doing well either: "Private supplementary pensions are based predominantly on inflexible, opaque, cost-intensive life insurance policies", this is the conclusion.
Read more here Future pension in Austria, the Pension calculation and alternative pension options.
Photo / Video: Michael Hetzmannseder.
