Letter P

Pendlerpauschale & Pendlereuro
Beihilfe
§ 16 EStG flat allowance plus § 33 tax credit, what really reduces commuters' bottom line.
Pension account (Pensionskonto)
Pension
Each year 1.78 % of the contribution bases, revalued with wages. The pension is the total credit ÷ 14.
Pension increase (Pensionsanpassung)
Pension
The yearly increase of pensions on 1 January, § 108h ASVG, with tiers and the first increase after retirement.
Pensioner Tax Credit (Pensionistenabsetzbetrag)
Beihilfe
Credit against the wage tax on a pension, § 33 Abs 6 EStG, phased out, increased for married pensioners with a low partner income.
Pensioners' health insurance
Pension
The only social insurance contribution on a pension, § 73 ASVG, currently 6.00 %, also on the 13th and 14th pension.
Pensionssicherungsbeitrag (PSB)
SV
Contribution on a federal civil servant's Ruhebezug, § 13a Pensionsgesetz, rate by start year plus 1.00 % since 2004.
Profit allowance (Gewinnfreibetrag)
Steuer
Reduces taxable profit: basic allowance 15.00 % up to €33,000 (max €4,950), investment-based above that.