Voluntary SVS prepayment

The key points in 20 seconds

• PSTax helps you estimate your SVS contributions (Austrian social insurance for the self-employed) at the end of the year.
• Why: Your current contributions are only an estimate. The SVS only knows how much you really earned once your income tax assessment (Einkommensteuerbescheid) is out.
• A voluntary prepayment reduces the back payment later on and helps you avoid surprises.
• A prepayment can also lower your tax for the current year.