Austrian government to hike family benefits from 2024

A new Family Ministry budget could see families in Austria get to keep as much as an extra €2,000 a year, depending on circumstances.
Next year’s Family Ministry budget will be its highest ever – at €8.7 billion, with big increases to tax allowances for families to start up in the 2024 tax year.
Although the precise numbers still have to be worked out, Family Minister Susanne Raab says funds for family allowances will increase to about €433 million, with child benefit budgets rising by €118 million.
Raab announced that parents will likely receive another €212 per child under three years of age, per year.
One of the biggest new changes though, will be the family bonus for fathers who take parental leave. The family bonus given out during months where both parents are home from work with their children will double – from €740 to €1,480.
Depending on the individual circumstances of each family, up to €2,000 more per year could end up becoming available to the average family in the form of both benefits and tax credits.
The new family budget will also include and additional €53 million in free travel for students and apprentices and €1 million further to be donated to various child protection projects.
EXPLAINED: What you need to know about parental leave in Austria
Comments
See Also
Next year’s Family Ministry budget will be its highest ever – at €8.7 billion, with big increases to tax allowances for families to start up in the 2024 tax year.
Although the precise numbers still have to be worked out, Family Minister Susanne Raab says funds for family allowances will increase to about €433 million, with child benefit budgets rising by €118 million.
Raab announced that parents will likely receive another €212 per child under three years of age, per year.
One of the biggest new changes though, will be the family bonus for fathers who take parental leave. The family bonus given out during months where both parents are home from work with their children will double – from €740 to €1,480.
Depending on the individual circumstances of each family, up to €2,000 more per year could end up becoming available to the average family in the form of both benefits and tax credits.
The new family budget will also include and additional €53 million in free travel for students and apprentices and €1 million further to be donated to various child protection projects.
EXPLAINED: What you need to know about parental leave in Austria
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.