Pension

Navigating the pension system as a foreigner can be tricky, especially if you don't how long you will stay in Austria. To make the process easier, ...

For any EU citizens planning to retire in Austria, a state pension from another EU country can be transferred to a bank in Austria. That country is then responsible for bringing together the claims from all the countries where you have worked. The same applies to any agreements that Austria might have with non-EU countries. But the amount a person receives depends on how much has been paid into the individual pension account. Navigating the pension system as a foreigner can be tricky, especially if you don't know how long you will stay in Austria. But most agreements are linked to employment in Austria. Austria has a compulsory pension system for all employed people, including those that are self-employed. Between 2024 and 2033, the state pension age for women will rise to 65, in line with the age for men. For people from the UK, there is the option to transfer a pension into a Alternatively, people can receive a bonus for working longer. Employers then contribute a further 12.55 percent towards an employee’s pension. [EXPLAINED: How does the Austrian pension system work?](https://www.thelocal.at/20210902/explained-how-does-the-austrian-pension-system-work/)