You are starting a new job

You are starting a new job

Congratulations on your new job

What you need to do with your pension savings and insurance cover with PFA depends on the pension plan you receive through your new job.

You will get a new pension plan with PFA

If your new employer has a pension plan with PFA, you generally do not need to take any action. 

  • To the extent possible, your pension plan will continue automatically
  • Your payments and insurance cover will immediately become subject to the terms and conditions of the new agreement, which may mean different prices and level of insurance cover.  

Once your new employer has registered you, you will receive a pension summary on My PFA, where you can see your new insurance cover and terms and conditions.

If you have received the pension summary, we recommend that you call us at (+45) 70 12 50 00 for advisory services regarding your new plan.

You can also receive a recommendation on any adjustments that may be needed by using the Pension Check-up at the top of My PFA. Here, you can also adjust how your savings are invested and your insurance cover.

   
 

Your new pension plan is with another pension company

If your new pension plan is with another company, it is important that you compare your insurance cover.

In particular, check:

  • Whether your insurance cover provides the same level of coverage as before.
  • Whether there are differences in the prices, terms or size of insurance coverage.

If you have similar insurance cover through your new pension plan, you should consider terminating your insurance plans with PFA before the end of the three-month period.

If your new insurance cover is insufficient, you can choose to continue making payments to your savings and insurance cover with PFA.

This means that:

  • You keep your insurance cover with PFA
  • You continue saving for retirement with PFA
  • You make the payments yourself using an inpayment form, which can be registered for Betalingsservice
  • Prices, costs and terms are changed.
The prices depend on your insurance cover.
See a price example 

 
If you would like a quote for continuing your payments and keeping your insurance cover, please call us at (+45) 70 12 50 00.

If your new employer has an agreement with another pension company than PFA and you choose not to keep your insurance cover with PFA, you can transfer your savings to your new pension provider. Generally, a fee will be charged for the transfer, and you will lose the advantages you have with PFA. 

   
 

No pension plan with your new job

If your new job does not include a pension plan, you have the option of resuming your insurance cover with PFA.

When the payments to your pension plan cease, your insurance cover continues automatically for 3 months. 

What happens during the first 3 months?

  • Your insurance cover remains the same as during your employment
  • You do not make payments to your pension plan, but the cost of insurance cover is deducted from your pension savings
  • You have time to decide what should happen next.

You can see when your insurance cover lapses in the letter you have received from us on My PFA.

View the letter by opening your latest pension summary on My PFA
 

Below, you can see the 3 options available to you before your insurance cover lapses:

1. Continue making payments and maintain your insurance cover

Du kan vælge at fortsætte med at indbetale til din pensionsordning og dermed bevare dine forsikringer.
 
This means that:
• You keep your insurance cover
• You continue saving for your retirement
• You make the payments through your salary with your new employer or yourself using an inpayment form, which can be registered for Betalingsservice
• Prices, costs and terms are changed.
 
The prices depend on your insurance plans.
See a price example
 
Are you a member of a trade organisation?
If you are a member of one of the trade organisations that PFA cooperates with, you may be able to get a pension plan with insurance cover at advantageous prices and terms. 
 
See which organisations PFA cooperates with
 
If you would like a quote for putting your payments on hold and more information about your options, please call us at (+45) 70 12 50 00.
  

2. Put your payments on hold

If your savings are sufficient, you can choose to put your payments on hold and use your savings to pay for your insurance plans for a period of typically up to 6 months. This solution is temporary and not ideal if your new job does not include a pension plan.

This means that:
• To the extent possible, you retain your insurance cover without making payments to your pension plan
• The price of your insurance cover will be deducted from your savings
• Prices, costs and terms are changed
• Some insurance plans will lapse and cannot be resumed at a later date.

The price depends on your insurance cover.
See a price example
 
If you would like a quote for putting your payments on hold and more information about your options, please call us at (+45) 70 12 50 00.
  

3. Take no action (pension plan without payments)

If you do not take action, your pension plan will be put on hold when your insurance cover lapses and it will automatically become a plan without payments.
 
This means that:
• Your insurance cover will lapse, and you will no longer be able to resume it.
• Your savings will be invested in the same way as they are today unless you change your investment choice on My PFA. Your investment costs depend on how your savings are invested.
• You pay administrative expenses of DKK 924 (2026) per year. The amount is deducted from your savings monthly.
 
Please note if you have limited savings
If you have limited pension savings without regular payments, there is a risk that administrative expenses may reduce or deplete your savings over time.
 
In this situation, it may be relevant to consider other options:
• You can choose to combine your pension savings with another pension company. Generally, a fee of DKK 2,195 (2026) will be charged for the transfer and you will lose the advantages you have with PFA.
• In certain cases, you can choose to have your pension savings paid out. This is subject to a fee of 2,195 (2026) and a tax to the Danish state of up to 60 per cent.

You do not know whether your new job includes a pension plan

If you have started a new job but are unsure which pension plan you have with your new employer and what insurance cover is included, it is important that you settle this first.  

You can typically find information about your pension plan:

  • In your employment contract
  • By contacting the HR department at your new place of work.

In particular, check:

  • Whether payments are made to a pension plan.
  • What insurance cover is included and what it covers.

   
 

If you have sufficient insurance cover with your new job

If you no longer need your insurance cover with PFA, you can choose to terminate it. You can do this by sending a written notice of termination via My PFA.

Your insurance cover will then lapse, and your savings will continue to be invested as before. Your investment costs depend on how your savings are invested. In addition, you pay administrative costs of DKK 924 (2026) per year, which are deducted from your savings monthly.

If you wish to keep one or more insurance plans with PFA

If your new insurance cover does not meet your needs, you can choose to keep selected insurance plans with PFA. Please call our advisory services centre at (+45) 70 12 50 00 for advice on your options.

You must decide whether you wish to keep your insurance plans no later than 3 months after the payments to your plan have ceased. This also applies if you have started a new job. 

See the latest pension summary that we have sent you on My PFA

What happens to your PFA Health Insurance?

If you have PFA Health Insurance, it will, like your other insurance plans, continue for 3 months after payments have ceased.

If you have been awarded treatment or examination through your PFA Health Insurance, it must be completed no later than 6 months after the last payment. This also applies to treatment or examination awarded to your children. 

If your spouse or domestic partner has taken out a PFA Health Insurance through your employer, it will continue unchanged until the end of the period paid for – typically until the end of the year. Your partner has the same option to continue the insurance plan as you do.

Would you like to keep only your PFA Health Insurance?

When your employment has ended, and if you have not taken out new similar insurance cover, you have the option of keeping your PFA Health Insurance, even if you do not wish to continue your pension savings and other insurance plans. You must decide whether you want to continue your PFA Health Insurance before it lapses.

How much does it cost?

The price depends on your age: 

You are under the age of 60

Your PFA Health Insurance costs DKK 325.33 per month (2026).

It does not cover your children.
  

You have attained the age of 60

You can take out PFA Senior Health Insurance, which covers you until you reach the age of 90.

The price is DKK 350 per month (2026).

Your spouse or domestic partner can also take out PFA Senior Health Insurance if your partner has attained the age of 60.

It does not cover your children.

 
 
If you are a member of a trade organisation that PFA cooperates with, you may be able to take out PFA Health Insurance at different prices and on different terms.

See which organisations PFA cooperates with 

Send us a message via My PFA or call us at (+45) 70 12 50 00 if you would like to continue your PFA Health Insurance.

Your advantages with PFA

As a PFA customer you have more advantages than you might imagine.

Some advantages provide you with value here and now, some advantages you can share with your immediate family and then some advantages are useful to know about if you should need them later on. 

See all your advantages here