You are going
to study

You are going
to study

Do not worry – you are still covered for 3 months

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

What happens during the first 3 months?

During this time:

  • 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

  
 

Before your insurance cover lapses, you have 3 options:

1. Continue making payments and maintain your insurance cover

You can choose to continue making payments to your pension plan, thereby maintaining your insurance cover. 

This means that:
• You keep your insurance cover
• You continue saving for your retirement
• 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 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 continuing your payments and keeping your insurance cover, 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 means that:
• To the extent possible, you retain your insurance cover without making payments to your pension plan
• The price of your insurance plans 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 prices depend on your insurance plans.
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.
 

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 also 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.

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