Benefits of self-employment provision
Self-employment provision regulations cover those self-employed who are registered with the Austrian Social Insurance Institution for the self-employed (SVS) pursuant to the Commercial Social Insurance Act (GSVG), i.e., all independent contractors as well as farmers and foresters.
- Guaranteed entitlement
Accrued entitlements cannot lapse. The severance capital will be paid out in a lump sum (at the reduced tax rate of 6%).
- Tax advantages
You benefit both from full tax deductibility of contributions to the self-employment provision fund as business expenses and from capital gains tax-free investment.
- Capital-guaranteed contributions
The gross capital guarantee safeguards that the severance pay will in no case be below the sum total of the contributions paid.