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Close the pension gap — private provision for a financially carefree retirement in Austria.
Private pension provision supplements the state pension and helps close the so-called pension gap — the difference between your last income and your actual state pension. Various models are available in Austria: from the state-subsidised prämienbegünstigte Zukunftsvorsorge and unit-linked life insurance to occupational pension schemes. The earlier you start, the greater the compound interest effect.
The state pension in Austria will come under pressure in the coming decades. Private provision is becoming increasingly important:
State-subsidised provision with a guaranteed premium on your contributions — one of the most attractive forms of provision in Austria.
Combines insurance cover with return-oriented investment in investment funds for long-term wealth building.
Guaranteed lifelong pension payments from retirement — with or without the option of a capital payout.
Tax-efficient provision through your employer — pension fund (Pensionskasse), group insurance or Abfertigung NEU.
A larger one-off amount invested immediately — ideal for inheritances, bonuses or other one-off income.
| Assumption | Capital at age 65 |
|---|---|
| Paid in: €100 × 12 × 35 years | €42,000 |
| at 2% interest per year | approx. €60,750 |
| at 3% interest per year | approx. €74,150 |
| at 4% interest per year | approx. €91,370 |
Assumes monthly contributions from age 30 to 65 and a constant interest rate after costs. The values are rounded and not guaranteed — actual returns depend on the product and the markets, and costs and taxes reduce them. The example shows: the longer the money works, the stronger the compound interest effect.
Simplified example calculation with sample values — not a substitute for an individual offer.
Private pension provision makes sense for everyone who wants to maintain their standard of living in retirement:
The statutory pension is usually lower than your last net income. With higher incomes the gap grows, because contributions only count up to the maximum contribution basis (Höchstbeitragsgrundlage) — private provision helps close it.
Depending on the product, you benefit from tax advantages when paying in or paying out. We will gladly show you which model brings the most in your situation.
Private pension contracts are independent of your employer and continue unchanged when you change jobs.
Many tariffs allow you to adjust the monthly instalment or make additional one-off payments — we will show you the options in your contract.
That depends on the chosen product — some contracts are tied to retirement age, others offer more flexibility.
Content reviewed by: Agnieszka Valenta, insurance broker · As of October 2026
We calculate your personal pension gap and show you which form of provision — classic, unit-linked or state-subsidised — suits you.
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