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Student Job Taxation 1x1
Have you heard that if you're under 25, you’re exempt from paying personal income tax (SZJA)? Not sure what this means? Student job taxation has never been simpler!
In our student blog, we’ve compiled the most important information about student job taxation, SZJA exemption, and all the benefits that come with student work!
What is SZJA? – Taxation for Student Jobs So Far
If you work, your earnings are subject to tax – the purpose of this is for everyone to contribute equally to state burdens. Personal income tax (SZJA) must be paid on your earnings – this includes student workers!
Compared to full-time or part-time work, student job taxation is much more favorable. The personal income tax rate is 15%: this was deducted from your salary during payments – and nothing else!
However, from this January, our workers under 25 are no longer subject to SZJA up to a gross monthly income of HUF 433,700! (If you earn more than this, SZJA will be deducted from the amount exceeding this threshold as before.)
Under 25 – SZJA Exemption
Starting from January 2022, our workers under 25 are exempt from paying personal income tax. This means that your previous gross hourly wage (from which SZJA was deducted) will now be received as net pay! It's important to note that if you're not a Hungarian citizen, the exemption does not apply automatically, and you need to apply for it separately.
So, the good news is that your January paycheck will be 15% higher!
This is a huge relief, as you could earn several tens of thousands of forints more per month! However, it's important to know that if you don’t work through a student cooperative, your pay won’t be as favorable due to other deductions.
Why It's Worth Working at a Student Cooperative Under 25
Let's see why it’s worth working at a student cooperative under 25 with student status, in addition to the favorable student job taxation!
SZJA Exemption and Flexibility – What More Could You Ask For?
Y Generation is not just a good choice because of favorable taxation and SZJA exemption. Besides having more money in your pocket at the end of each month, most student jobs offer flexible working hours. Our partners usually adapt to your schedule, so you don't have to stress about it between assignments.
Favorable Student Job Taxation – Head to the Party!
Since you can do most of our jobs with a flexible schedule, and thanks to favorable student job taxation, you earn more. What does this mean? More parties and more relaxation! Of course, besides having fun, laying the foundation for your future is also crucial, and the exemption makes it easier to save for this too.
Work Equals Relaxation. Yes, It Exists!
Do you sit too much in school, study a lot, and want a bit more movement and mental refreshment? One of the characteristics of student cooperatives is that you can choose from various entry-level jobs. Store assistance, fast food, or warehouse jobs are now exceptionally rewarding with favorable student job taxation!
Relevant Professional Experience – Even with Student Jobs!
You might not have thought about it, but you can do more than just support jobs with us! At student cooperatives, you can also land great internship positions. Thus, you can gain your first serious professional experience tax-free, with the advantages of student job taxation, but you can also find simpler office jobs! Follow our Facebook and LinkedIn pages to stay up-to-date with the best offers!
It's Never Been So Rewarding to Work While Studying!
If you’re under 25, you can take your first steps into the adult world with favorable student job taxation. We are here to support you – across generations!
Browse our site and work with us under favorable student job taxation!
