Tax Codes

One or more tax codes apply to each pension product. The tax codes describe the nature of the pension plan and the rules of deduction for payments and of tax on payouts. Below follows an overview of the various tax codes PFA uses.

Tax code 1: Pension plan with regular payouts, except for temporary life pension
Tax code 9: Temporary life pension
Tax code 2: Instalment pension
Tax code 3: Endowment pension
Tax code 4: Index-linked plan
Tax code 5: Insurance without tax deductibility
Tax code 6: Life insurance without tax deductibility according to the rules of taxable payments or contributions
Tax code 7: Pension plan without tax deductibility according to Section 53A of the Danish Pension Taxation Act
Tax code 33: Old age-savings