500 euros for newborns: "Future Depot" - Austria promotes fund investments for children
In Germany, the early starter pension for children is coming, and in Austria, the future depot is being introduced. The focus is not on old-age provision, but on entry into adult life.
Austria will encourage wealth creation from childhood with a 500-euro starting grant and tax incentives. The government will introduce "Zukunftsdepots" allowing families to invest up to 5,000 euros per year in investment funds for their children, with access only from age 18. The funds can be used for expenses such as driving lessons, education, or a first apartment.
A 500-euro starting grant will be paid to all newborns from early 2027, and the investment accounts can be set up at banks from July. Austria's approach differs from Germany's, which last week approved a "Frühstartrente" of 10 euros per month for children aged 6-18 for private old-age provision.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
