🇦🇹Austria Severance Pay Calculator

Calculate Austrian severance under Abfertigung Neu (1.53% Vorsorgekasse fund) and Abfertigung Alt, including accumulated payout and preferential 6% tax.

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Austria Severance Framework

Betriebliches Mitarbeiter- und Selbständigenvorsorgegesetz (BMSVG) • Currency: EUR ($)

Employment & Wage Parameters

Gross Monthly Base Salary

$500$25,000

Full Service Years

yrs

0 yrs40 yrs

Additional Months

mos

0 mos11 mos

Annual Bonus / Overtime Allowances

$0$50,000

Unused Vacation / Leave Days to Payout

days

0 days45 days

Estimated Net Severance Take-Home

$4,003

Gross Total$4,259

Est. Taxes$256

Effective Tax6%

Applied Statutory Calculation Formula:

1.53% of monthly gross (× 14/12) into the Vorsorgekasse for 59 months + 2.5% p.a. fund yield

Take-Home$4K

Severance Package Distribution

Net Take-Home94%

$4,003

Withheld Taxes6%

$256

Statutory Severance Itemized BreakdownTotal Service: 60 continuous months

Accumulated Staff Provision Fund (Vorsorgekasse)1.53% monthly employer deposits plus investment returns

$4,259

Flat Severance Tax (6% Begünstigter Steuersatz)Concessional tax rate on fund withdrawal

$256

Austria Statutory Termination Law: Betriebliches Mitarbeiter- und Selbständigenvorsorgegesetz (BMSVG)

In Austria, employment contracts since 2003 follow 'Abfertigung Neu', where employers deposit 1.53% of monthly wages into a Vorsorgekasse. Upon dismissal after at least 3 years of contributions, employees can cash out the accumulated capital taxed at a flat 6% rate.

Modern system (Abfertigung Neu): Employers contribute 1.53% of gross monthly salary to a staff provision fund (Vorsorgekasse).

Payouts can be withdrawn upon dismissal (after 3 years) taxed at a preferential flat rate of 6%.

Option to transfer provision balance into a tax-free occupational pension.

Fund balance becomes payable on employer termination after 36 contribution months; before that it carries over to the next employer.