¹⁾ A tax code is PFA’s generic term for the tax rules that apply to a pension plan. Learn more about tax codes.

²⁾ Private payments are not tax deductible. Payments made through your employer will not be taxed. The payments are not included in the salary which your employer reports to the Danish tax authorities and should therefore not be deducted on your tax return.

³⁾ For private plans, the deduction must be divided in shares of 1/10 per year over 10 years if the agreed payment period is shorter than 10 years and the total annual payments to a pension plan with regular payouts (tax code 1) exceed DKK 53,800 in 2021.

⁴⁾ Effective from 1 January 2013.

⁵⁾ The taxation applies to pension benefits paid out to the insured after the earliest possible retirement age, cf. 6).

⁶⁾ If your pension plan was established before 1 May 2007, you can have it paid out when you turn 60 at the earliest. If your pension plan was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 62 at the earliest. Otherwise, you payouts will start when you turn 63 at the earliest. If your pension plan was established before 1 May 2007, you can have your pension plan paid out when you turn 75 at the latest. If it was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 77 at the latest. Otherwise, you payouts will start when you turn 78 at the latest. If your pension plan was established after 1 January 2018, you cannot have it paid out until 3 years before the state retirement age.

 

Your endowment pension and old-age savings plan must be paid out at the latest 20 years after your earliest pension payout age. Your instalment pension must be paid out at the latest 30 years after your earliest pension payout age.

⁷⁾ All payments made to temporary life pensions and instalment pensions are subject to a total annual maximum. The maximum amount covers both private payments and payments made through an employer to insurance companies as well as financial institutions. If, prior to 22 April 2009, you have made private single payments to an instalment pension or a life pension, and if you did not use the full tax deduction at the end of 2009, your tax deductibility continues in 2010 and onwards even if the deduction exceeds DKK 50,000 per year. However, these deductions are included in the calculation of your options with regard to making payments to a temporary life pension or an instalment pension, also through an employer.

⁸⁾ Payouts to dependants from life pensions and temporary life pensions will only be made if the pension plan includes cover in the event of death.

¹⁾ A tax code is PFA’s generic term for the tax rules that apply to a pension plan. Learn more about tax codes.

²⁾ Private payments are not tax deductible. Payments made through your employer will not be taxed. The payments are not included in the salary which your employer reports to the Danish tax authorities and should therefore not be deducted on your tax return.

³⁾ For private plans, the deduction must be divided in shares of 1/10 per year over 10 years if the agreed payment period is shorter than 10 years and the total annual payments to a pension plan with regular payouts (tax code 1) exceed DKK 53,800 in 2021.

⁴⁾ Effective from 1 January 2013.

⁵⁾ The taxation applies to pension benefits paid out to the insured after the earliest possible retirement age, cf. 6).

⁶⁾ If your pension plan was established before 1 May 2007, you can have it paid out when you turn 60 at the earliest. If your pension plan was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 62 at the earliest. Otherwise, you payouts will start when you turn 63 at the earliest. If your pension plan was established before 1 May 2007, you can have your pension plan paid out when you turn 75 at the latest. If it was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 77 at the latest. Otherwise, you payouts will start when you turn 78 at the latest. If your pension plan was established after 1 January 2018, you cannot have it paid out until 3 years before the state retirement age.

 

Your endowment pension and old-age savings plan must be paid out at the latest 20 years after your earliest pension payout age. Your instalment pension must be paid out at the latest 30 years after your earliest pension payout age.

⁷⁾ All payments made to temporary life pensions and instalment pensions are subject to a total annual maximum. The maximum amount covers both private payments and payments made through an employer to insurance companies as well as financial institutions. If, prior to 22 April 2009, you have made private single payments to an instalment pension or a life pension, and if you did not use the full tax deduction at the end of 2009, your tax deductibility continues in 2010 and onwards even if the deduction exceeds DKK 50,000 per year. However, these deductions are included in the calculation of your options with regard to making payments to a temporary life pension or an instalment pension, also through an employer.

⁸⁾ Payouts to dependants from life pensions and temporary life pensions will only be made if the pension plan includes cover in the event of death.

¹⁾ A tax code is PFA’s generic term for the tax rules that apply to a pension plan. Learn more about tax codes.

²⁾ Private payments are not tax deductible. Payments made through your employer will not be taxed. The payments are not included in the salary which your employer reports to the Danish tax authorities and should therefore not be deducted on your tax return.

³⁾ For private plans, the deduction must be divided in shares of 1/10 per year over 10 years if the agreed payment period is shorter than 10 years and the total annual payments to a pension plan with regular payouts (tax code 1) exceed DKK 53,800 in 2021.

⁴⁾ Effective from 1 January 2013.

⁵⁾ The taxation applies to pension benefits paid out to the insured after the earliest possible retirement age, cf. 6).

⁶⁾ If your pension plan was established before 1 May 2007, you can have it paid out when you turn 60 at the earliest. If your pension plan was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 62 at the earliest. Otherwise, you payouts will start when you turn 63 at the earliest. If your pension plan was established before 1 May 2007, you can have your pension plan paid out when you turn 75 at the latest. If it was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 77 at the latest. Otherwise, you payouts will start when you turn 78 at the latest. If your pension plan was established after 1 January 2018, you cannot have it paid out until 3 years before the state retirement age.

 

Your endowment pension and old-age savings plan must be paid out at the latest 20 years after your earliest pension payout age. Your instalment pension must be paid out at the latest 30 years after your earliest pension payout age.

⁷⁾ All payments made to temporary life pensions and instalment pensions are subject to a total annual maximum. The maximum amount covers both private payments and payments made through an employer to insurance companies as well as financial institutions. If, prior to 22 April 2009, you have made private single payments to an instalment pension or a life pension, and if you did not use the full tax deduction at the end of 2009, your tax deductibility continues in 2010 and onwards even if the deduction exceeds DKK 50,000 per year. However, these deductions are included in the calculation of your options with regard to making payments to a temporary life pension or an instalment pension, also through an employer.

⁸⁾ Payouts to dependants from life pensions and temporary life pensions will only be made if the pension plan includes cover in the event of death.

¹⁾ A tax code is PFA’s generic term for the tax rules that apply to a pension plan. Learn more about tax codes.

²⁾ Private payments are not tax deductible. Payments made through your employer will not be taxed. The payments are not included in the salary which your employer reports to the Danish tax authorities and should therefore not be deducted on your tax return.

³⁾ For private plans, the deduction must be divided in shares of 1/10 per year over 10 years if the agreed payment period is shorter than 10 years and the total annual payments to a pension plan with regular payouts (tax code 1) exceed DKK 53,800 in 2021.

⁴⁾ Effective from 1 January 2013.

⁵⁾ The taxation applies to pension benefits paid out to the insured after the earliest possible retirement age, cf. 6).

⁶⁾ If your pension plan was established before 1 May 2007, you can have it paid out when you turn 60 at the earliest. If your pension plan was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 62 at the earliest. Otherwise, you payouts will start when you turn 63 at the earliest. If your pension plan was established before 1 May 2007, you can have your pension plan paid out when you turn 75 at the latest. If it was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 77 at the latest. Otherwise, you payouts will start when you turn 78 at the latest. If your pension plan was established after 1 January 2018, you cannot have it paid out until 3 years before the state retirement age.

 

Your endowment pension and old-age savings plan must be paid out at the latest 20 years after your earliest pension payout age. Your instalment pension must be paid out at the latest 30 years after your earliest pension payout age.

⁷⁾ All payments made to temporary life pensions and instalment pensions are subject to a total annual maximum. The maximum amount covers both private payments and payments made through an employer to insurance companies as well as financial institutions. If, prior to 22 April 2009, you have made private single payments to an instalment pension or a life pension, and if you did not use the full tax deduction at the end of 2009, your tax deductibility continues in 2010 and onwards even if the deduction exceeds DKK 50,000 per year. However, these deductions are included in the calculation of your options with regard to making payments to a temporary life pension or an instalment pension, also through an employer.

⁸⁾ Payouts to dependants from life pensions and temporary life pensions will only be made if the pension plan includes cover in the event of death.

¹⁾ A tax code is PFA’s generic term for the tax rules that apply to a pension plan. Learn more about tax codes. 

²⁾ Private payments are not tax deductible. Payments made through your employer will not be taxed. The payments are not included in the salary which your employer reports to the Danish tax authorities and should therefore not be deducted on your tax return.

³⁾ For private plans, the deduction must be divided in shares of 1/10 per year over 10 years if the agreed payment period is shorter than 10 years and the total annual payments to a pension plan with regular payouts (tax code 1) exceed DKK 53,800 in 2021.

⁴⁾ Effective from 1 January 2013.

⁵⁾ The taxation applies to pension benefits paid out to the insured after the earliest possible retirement age, cf. 6).

⁶⁾ If your pension plan was established before 1 May 2007, you can have it paid out when you turn 60 at the earliest. If your pension plan was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 62 at the earliest. Otherwise, you payouts will start when you turn 63 at the earliest. If your pension plan was established before 1 May 2007, you can have your pension plan paid out when you turn 75 at the latest. If it was established after 1 May 2007 and you were born before 1 January 1963, you can have your pension plan paid out when you turn 77 at the latest. Otherwise, you payouts will start when you turn 78 at the latest. If your pension plan was established after 1 January 2018, you cannot have it paid out until 3 years before the state retirement age.

 

Your endowment pension and old-age savings plan must be paid out at the latest 20 years after your earliest pension payout age. Your instalment pension must be paid out at the latest 30 years after your earliest pension payout age.

⁷⁾ All payments made to temporary life pensions and instalment pensions are subject to a total annual maximum. The maximum amount covers both private payments and payments made through an employer to insurance companies as well as financial institutions. If, prior to 22 April 2009, you have made private single payments to an instalment pension or a life pension, and if you did not use the full tax deduction at the end of 2009, your tax deductibility continues in 2010 and onwards even if the deduction exceeds DKK 50,000 per year. However, these deductions are included in the calculation of your options with regard to making payments to a temporary life pension or an instalment pension, also through an employer.

⁸⁾ Payouts to dependants from life pensions and temporary life pensions will only be made if the pension plan includes cover in the event of death.