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Savings

Your savings ensure that you will have a supplement to your state pension when you retire.

This means that you will have more financial freedom as a pensioner.

Log in and see the details of your savings and check how much you will receive when you retire.

overview

Your contributions and overview

If you log in, you can see how much is in your pension, your interest and how much you have saved in total, among other things.

You can read about the various types of savings plans below.

Interest, costs and your overview

Interest, costs and your overview

If you log in, you can see exactly how much you have earned in interest and how much you have paid in charges. 

You can also use the administration charges calculator and see typical charges for different ages and sums. 

 

Calculate your charges

Typical questions

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

How to save up - your various types of savings plans

How to save up - your various types of savings plans

When saving up for your retirement, the funds are usually contributed to a retirement account, an annuity pension and a lifetime pension. Here you can see the difference.

Retirement account
You can receive your retirement account as a lump sum or in smaller instalments if you do not need all the funds at once.

You do not have to pay tax on what you receive.

Watch video - 
Retirement account

Read more about retirement accounts

Annuity pension
You will receive an amount every month when you retire. You decide the time horizon for annuity pension disbursements. This could be a period of between 10 and 30 years.

You must pay tax on what you receive.

Watch video - 
Annuity pension

Read more about annuity pensions

Lifetime pension
You will receive a sum of money every month for the rest of your life, starting when you retire.

You must pay tax on what you receive.

Watch video - 
Lifetime pension

Read more about lifetime pensions

Typical questions

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Changes

Adjust your savings

When you are logged in, you can change your pension scheme so that it suits your needs. You can, for example, choose how to distribute the funds that go into your savings account.

You can also pool your pensions from other companies. You will then save on administration charges and have a clearer overview. 

Contribute extra

Contribute extra

If you pay only DKK 500 extra each month, it can be a lot of money during a whole working life.

You can pay extra in several ways. You can choose

  • that a larger part of your salary should go to the savings
  • to transfer a fixed amount every month
  • to pay an amount whenever you want

If you log in, you can pay extra with Dankort or Payment Service.

How much can you pay?

There are limits to how much you have to invest in a annuity pension and an retirement account. If you have more than one annuity pension or more than one retirement account, the total payments must not exceed this limit. Here you can see how much you have to put into the different schemes in 2018:

  • Annuity pension: 54,700 kr.
  • Retirement account if you have more than five years for your retirement age: 5,100 kr.
  • Retirement account if you have less than five years for your retirement age: 46,000 kr.
  • Lifetime pension: No limit

If you pay more on one of your schemes, we automatically transfer the amount to your lifetime pension.

You receive deductions for the payment on your annuity pension and your lifetime pension - but not on your retirement account. On the other hand, the money from a retirement account is paid without tax.

Typical questions

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Pool your savings accounts

Pool your savings accounts

Save money by pooling your savings accounts
If you have savings with several companies, you are paying administration charges for each individual savings account. This is money you do not get back when you retire

If you gather your savings with us, you will pay only DKK 297 per year in administration charges, regardless of the size of your savings.

Pool your savings and earn money - English voice-over

Typical questions

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Choose how to distribute your contributions

Choose how to distribute your contributions

Most members of PensionDanmark contribute to a retirement account, an annuity pension and a lifetime pension.

If you have a retirement account, your contributions will go to this account at the start of the year, and when the limit for contributions to this is reached, the remainder of your contributions will be divided equally between your annuity pension and your lifetime pension. 

You can change the distribution of your contributions – for example, if you do not want to save up in a retirement account, or if you would rather save more in your lifetime pension than in your annuity pension. However, at least 50 percent of your contributions must be allocated to your lifetime pension.

Log in if you wish to change the distribution of your contributions.

Who should receive the funds in the event of your death?

Who should receive the funds in the event of your death?

You can choose who will receive the money from your pension savings when you die. It will typically go to your  next of kin unless you have designated someone else.

Your next of kin are in the order listed:

  1. Your spouse
  2. Your cohabitant if you have lived together for at least two years or you have children together
  3. Your heirs of the body (children, grandchildren etc.)
  4. Beneficiaries under a will
  5. Beneficiaries under the intestacy rules

Log in to see and change who will receive the money from your pension savings when you die.

Typical questions

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Write to us

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Disbursement

When you retire

When you retire you can choose for yourself when and how your savings are disbursed.

If you log in, you can see approximately how much you will receive if you continue to save as at present.

You can also start disbursement. However; remember to speak to one of our advisors first, so that you can get the most out of your savings.

Your expected disbursements

Your expected disbursements

Calculate your pension

If you log in, you can see our best estimate of how much you will receive when you retire.

You can also make different selections and check the effect on your disbursements if you:

  • Contribute extra to your pension
  • Change your retirement age
  • Transfer funds from your annuity pension to your lifetime pension
  • Change the disbursement period for your annuity pension

Typical questions

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Think about your life as a pensioner in good time

Think about your life as a pensioner in good time

It makes sense to check your pension occasionally. This applies if you are much younger than the retirement age or will soon be retiring.  

If your retirement is a long way off
If you will not be retiring soon, you can easily get your savings to grow. You have many years left in which to save up, so it can make a big difference if you just put an additional couple of hundred kroner aside each month.

See how to make extra contributions to your savings

When nearing retirement age
When you are close to retirement age, you can obtain a more precise overview of what your finances will look like when you retire. It is therefore a good time to thoroughly review your savings plan and consider how you can benefit most from it.

Your pensions can be paid out in a range of ways, and we can help you to find the solution that suits you best. We recommend that you book a meeting so we can provide you with comprehensive advice.

If you log in, you can book a telephone meeting with one of our advisors.

When can I retire?

Mand slår græs.

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00 

Several disbursement models – before and after you retire

Several disbursement models – before and after you retire

When you reach retirement age, you can receive payments in many different ways. This means that your pension scheme may contribute to a healthy financial situation for you regardless of whether you retire or just want to work slightly shorter hours.

If you wish to work reduced hours
If you want a gradual transition to life in retirement, the pension scheme offers a great variety of disbursement options. You can reduce your working hours and start receiving some of your pension savings. This will give you an extra amount each month to compensate for your reduced pay.

When you retire from work
You have a very large range of options for designing a disbursement model that meets your requirements and needs when you retire. This means that you can e.g. ensure that you get the most out of your savings and your public benefits.

Get help to find the best solution for you?
You can receive your pension in many ways. We can help you to find the solution that suits your finances and future plans best.

Therefore, we recommend you to book a meeting with one of our advisors.

Book a meeting or call us on +45 7012 1330. We will find the right solution together.
Ældre herre på båd.

Typical questions

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Investment

This is how your savings are invested

Here you can read more about how we invest your savings.

You can change how your savings should be invested. Either by investing with a higher or lower risk or by choosing yourself which pools to invest in.

This is how your savings are invested

This is how your savings are invested

Your savings will be invested in shares, bonds and stable alternatives such as property and wind turbines. 

As you get older and approach your retirement, we adjust the investments to minimise your risk.

Before you turn 41 years, a good 40 percent of your savings will be invested in shares.

The remainder of the money is invested in standard bonds, high-yield bonds and other assets such as property and wind turbines. 

When you turn 41 years of age, we will start investing your funds in lower-risk investments. You can see more details in the video on the right.

Log in to see the precise distribution of your savings. 

Here you can read more about the return and risk associated with your investments

Typical questions

Find answers here

Write to us

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Call us on: +45 7012 1330

Weekdays 8.00 - 21.00

Adjust your investments

Adjust your investments

Do you have a high or a low risk tolerance?
It is your choice whether you want to invest your savings based on a low, a medium or a high-risk profile.

A low-risk profile generally delivers a lower but more stable return. This is because most of your savings are invested in fixed income and other stable investments rather than in equities.

If you pursue a high-risk profile, your savings may grow more – but your return may fluctuate significantly.

Your age is important in relation to your investments
When investing, you should consider when you will want to use your invested money. If you are close to retirement, you probably want to know the approximate amount of your savings – and if you are invested in high-risk assets, your savings may fluctuate significantly.

When you turn 41, we automatically start lowering your risk – regardless of the risk profile you have chosen. We do this to ensure that your return becomes increasingly stable as you approach retirement.

Free Pool Selection

Free Pool Selection

If you want to be in charge of investing your savings, you can sign up for Free Pool Selection where you select the portfolios you want to invest in. You can choose between a variety of equity and fixed income portfolios.

Monitor your investments
When you opt into Frit Puljevalg, you are in charge of investing. Nobody watches the markets for you or adjusts your investments along the way. That is your responsibility.

If you do not have the time for that, you would probably be better off having us invest for you. We monitor the market and adjust investments on a continuous basis. We also automatically lower your risk as you get older.

Bear in mind that you will be living on your pension savings throughout your retirement.

You can always opt out of Frit Puljevalg, and we will then invest your money based on a medium-risk profile.

Typical questions

Find answers here

Write to us

E-mail

Call us on: +45 7012 1330

Weekdays 8.00 - 21.00