Austria's National Council Approves Incentives for Working Past Retirement Age

Austria's National Council (lower house of parliament) approved a bill on 23 September 2026 for the introduction of incentives for individuals who continue employment or self-employment after reaching the standard retirement age. This includes a taxable income reduction through an activity tax allowance up to EUR 1,250 per month (EUR 15,000 per year), as well as an exemption from employee pension insurance contributions, or a contribution reduction in the case of self-employed individuals. T…