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How easy is it to retire to Austria?

Although Spain or Italy might have beaches and sun, Austria has plenty to offer someone looking for a place to spend their Golden Years. And while it's not the easiest place to retire to, it's still well within reach for many.

Published: 23 March 2024 14:50 CET
How easy is it to retire to Austria?
Attersee in Salzkammergut is one of Austria's most beautiful lakes. The country is full of spectacular scenery and experiences for potential retirees. Photo by A Fox on Unsplash

For EU nationals, retiring in Austria is fairly straightforward. You just need to register as a resident and complete some other paperwork, but you won’t need a visa or residence permit.

The process is even relatively simple for non-EU nationals – as there is a type of retirement visa. You will need to renew it relatively frequently though.

The reasons are also relatively clear – with plenty of opportunities to enjoy an active lifestyle with easy access to skiiing, hiking and fresh mountain air, while at the same time partaking in the high culture of the country’s opera houses, coffee houses, and more – Austria is a natural choice for many potential retirees.

it also boasts excellent services – from health care to public transport, and its central location in Europe can also make it a great place to explore from.

READ ALSO: Five reasons to retire to Austria

What visa and residence permit do I need?

If you’re from a non-EU country such as the UK, USA, or Canada you can travel to Austria for up to three months without a visa and apply for your residence permit within three months of arriving in Austria. If you are from a country that doesn’t have visa-free travel with the EU, you will need to apply for a visa first and then your residence permit when you get to Austria.

The visa and residence permit you need to apply for is a “Settlement permit – gainful employment excluded”. This particular permit is popular with retirees as it allows people to live in Austria, but not to work.

There are some downsides, however. For one, Austria has a quote that limits the number of these permits that are given out each year. Second, the permit lasts for only a year and thus has to be renewed regularly. After five years of continuous residence in Austria, you can apply for permanent residence.

EXPLAINED: Do your pension contributions abroad count in Austria?

Self-employment – even if working for a company that’s based abroad – is not allowed under this permit. All your income must come from passive sources. These can include foreign pensions, rental income, or investment income. Singles must make at least €2,220.52 and couples a combined €3,503.12 per month from these passive income sources to qualify for this permit.

If you have dependent children – for example, perhaps grandchildren you may be taking care of full-time – you’ll need to have an additional €342.62 per child.

You’ll also need to prove that you have German skills at the A1 level. Luckily, this is the most basic level.

COMPARED: How to get a visa to settle in either Germany or Austria for retirement 

What healthcare arrangements will I need to have in place?

When applying for a settlement permit for Austria, you’ll need to show that you have health insurance that covers you for at least €30,000 in costs. This is typically done through a private plan.

Once your residency is confirmed, you’re eligible then to enrol with Austrian public health insurance, typically through the ÖGK fund. You can, of course, retain additional private health insurance on top of this. But all residents of Austria mush have public insurance – with your payments calculated as a proportion of your income.

READ ALSO: What kind of insurance do I need to have in Austria?

Member comments

  1. I think the “Kathleen Poole” case is a sobering example of how retirement can go wrong for an expat residing in Europe.

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EU

How would a ‘youth mobility scheme’ between the UK and EU really work?

The EU and the UK could enter into a 'youth mobility' scheme allowing young people to move countries to work, study and live. Here's what we know about the proposal.

Published: 18 April 2024 17:09 CEST
How would a 'youth mobility scheme' between the UK and EU really work?

Across the 27 countries of the EU, people of all ages can move countries to work, study, spend a long visit or chase the possibility of love – and all this is possible thanks to EU freedom of movement.

That freedom no longer extends to the UK. As a result of Brexit, a UK national who wants to move to an EU country, or an EU citizen who wants to move to the UK, will need a visa in order to do so.

However, a new ‘mobility scheme’ could re-create some elements of freedom of movement – if the EU and UK can come to an agreement. The signs of that are not good, with the current UK government rejecting the proposal before it had even been formally offered, but here’s what we know about the proposal.

Who would benefit?

First things first, it’s only for the youngsters, older people will have to continue with the time-consuming and often expensive process of getting a visa for study, work or visiting.

The Commission’s proposal is for a scheme that covers people aged 18 to 30. 

Their reasoning is: “The withdrawal of the UK from the EU has resulted in decreased mobility between the EU and the UK. This situation has particularly affected the opportunities for young people to experience life on the other side of the Channel and to benefit from youth, cultural, educational, research and training exchanges.

“The proposal seeks to address in an innovative way the main barriers to mobility for young people experienced today and create a right for young people to travel from the EU to the UK and vice-versa more easily and for a longer period of time.”

How would it work?

The proposal is to allow extended stays – for young people to be able to spend up to four years in the EU or UK – under a special type of visa or residency permit. It does not, therefore, replicate the paperwork-free travel of the pre-Brexit era.

The Commission states that travel should not be ‘purpose bound’ to allow young people to undertake a variety of activities while they are abroad.

Under the visa system, people must travel to a country for a specific purpose which has been arranged before they leave – ie in order to study they need a student visa which requires proof of enrolment on a course, or if they intend to work they need a working visa which often requires sponsorship from an employer.

The proposal would allow young people to spend their time in a variety of ways – perhaps some time working, a period of study and then some time travelling or just relaxing.

It would also not be subject to national or Bloc-wide quotas.

It seems that some kind of visa or residency permit would still be required – but it would be issued for up to four years and could be used for a variety of activities.

Fees for this should not be “excessive” – and the UK’s health surcharge would not apply to people travelling under this scheme.

Are there conditions?

Other than the age qualification, the proposal is that young people would have to meet other criteria, including having comprehensive health insurance, plus financial criteria to ensure that they will be able to support themselves while abroad.

The visa/residency permit could be rejected on the ground of threats to public policy, public security or public health.

Will this happen soon?

Slow down – all that has happened so far is that the European Commission has made a recommendation to open negotiations.

This now needs to be discussed in the Council of Europe.

If the Council agrees then, and only then, will the EU open negotiations with the UK on the subject.

The scheme could then only become a reality if the EU and UK come to an agreement on the terms of the scheme, and then refine the fine details – reacting the news reports of the proposal, the UK government appears to have already dismissed the idea out of hand, so agreement at present seems unlikely. However, governments can change and so can the political climate.

But basically we’re talking years if it happens at all – and that would require not only a new government in the UK (which seems likely) but a major change in the whole British political atmosphere.

Don’t start packing just yet.

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