When will you get your cost of living ‘bonus' payments in Austria?
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Loading... - Julien Heeren
- 05 Jul 2022
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Austria’s federal government has unveiled a series of measures worth billions of euros to fight the cost of living crisis. New steps include increasing family allowances, cutting taxes and sending out one-off welfare payouts, as The Local has reported.
However, the authorities were not specific on when payments are to be expected, though they mentioned most of the measures would be in place “by October”.
On Wednesday, party leaders Sigrid Mauer (Greens) and August Wöginger (ÖVP) presented a roadmap to lay out when each aid could be expected.
Aid payouts
Low-income and vulnerable people in Austria, such as pensioners receiving minimum payments and aid recipients will receive a one-off €300 payment (Teuerungsausgleich) as compensation for inflation. The date is not set yet but should be in August and September.
The most significant payment will be the €500 sum, which consists of €250 as a climate bonus (Klimabonus) and €250 for the “anti-price increase” bonus (Teuerungsbonus). Everyone in Austria will receive that assistance (children receive half of the total amount) in October.
An additional one-off payment of the family allowance (Familienbeihilfe) of €180 will be sent for those already on the program in August.
The timeline, according to Mauer, makes it so that the most vulnerable, including low-income people and families, will receive assistance first. Then, in autumn, the payments will go out on a broader scale.
Changes in bonuses and CO2 tax
The anti-inflation package also contains increases in existing family bonuses and payments.
The family bonus (Familienbonus) deduction increases from €1,500 to €2,000, and the increase for additional children payments (Kindermehrbetrags) to €550 is already in force for the fiscal year of 2022, so it will be valid in 2023. Read More...
