As a member of PensionDanmark you do not have a policy number. Instead, you have an agreement number, which is the same as your CPR number.

You can retire at the earliest when you reach the age of 60. You must start receiving your pension by the age of 75 at the latest.

Your date and year of birth determine when you can start receiving your pension. Read more at borger.dk

However, if your pension scheme was set up before 1 May 2007, you can always start receiving it when you turn 60. Your date of birth will still determine your early retirement age and state pension age.

In 2023, you will pay DKK 305 to have your pension administered by PensionDanmark.

The price is the same for all members of PensionDanmark.

Here on PensionDanmark's website, you can see how much that has been contributed to your pension month after month.

Yes, you can easily pay in extra sums to your pension savings. Log into pension.dk and choose "Contribute extra"

You can pay in extra in two ways:

• A one-off payment in with your Dankort
• A fixed amount each month with a direct debit.

Most of the funds you place in your pension are tax-deductible; however, you should not deduct these on your tax return yourself. Contributions are actually deducted from your wages, before tax is calculated.

If fewer funds are paid into your pension than you expect, you must consult your employer. You can then clarify whether you receive what you are entitled to according to your collective agreement.

Even if no funds are being contributed to your savings, they can still grow.

You only pay a very small sum for administration of your savings. In 2023, the charge is DKK 305. However, we also invest your funds so that you receive interest every month. Usually this means the savings grow anyway.

If your savings are very small, you may receive less in interest than you pay for administration. Call us on +45 7012 1330 if you are in doubt.

Yes, you can make contributions to your pension savings yourself. You can make contributions as a one-off payment or a fixed amount ech month with a direct debit.

You cannot pay for your insurance cover with us yourself. The following applies to your insurance policies:

• You will automatically retain the insurances for one year.
• You can extend them for another four years - i.e. up to five years in total. During that period, we will deduct the payment for the policies from your savings.

We are not allowed to mix your personal contributions with your labour market pension contributions. This is because private schemes and labour market pension schemes are subject to different tax rules. 

So, when you make extra contributions, we place them in a private pension scheme.  

You can normally have the balance of your private pension savings scheme paid out when you are three years from reaching state pension age. If you want the balance paid out before that, you will pay 60% tax.  

Different disbursement rules may apply to your labour market pension scheme, depending on when the scheme was set up. 

In some cases, it may be a good idea to combine your savings schemes with one provider. This makes it easier for you to see how much you have saved for your retirement and how to make the most of your savings.

You can see an overview of your pension schemes at pensionsinfo.dk. Read more about combining your pension schemes.

Yes, in most cases you can. Pension.dk provides you with an overview of where you have alternative pension savings accounts.

If you wish to transfer some of the savings to PensionDanmark, you can do this online.

We do not charge for transferring funds. You may be charged a fee by the other company, but the charge will be recovered because you will avoid paying for two pension schemes.

Yes, you can. Call us on +45 7012 1330 to hear what will bring the most benefits.

When you transfer all of your savings from another company, the insurance policies you held there will cease. Check whether the insurance policies are different to those you have with PensionDanmark. It can be a good idea to check whether you need to change your insurance policies.

You can always change your insurance policies with PensionDanmark. You can, for example, choose how large the insurance cover will be in the event of critical illness, disability pension or death.

No, you cannot. You can only pay into PensionDanmark if your employer has a collective agreement that stipulates that they must pay pension contributions to PensionDanmark.

Yes, you can. You can transfer your savings with PensionDanmark to the pension scheme to which your employer makes contributions.

No, you cannot transfer your pension savings to an ordinary bank savings account.

If you wish to move your savings, you must do so to the pension scheme to which your employer makes contributions.

Whether or not you transfer your savings to or from PensionDanmark, we do not charge for this service.

Please note, however, that the company you are transferring your funds to or from may charge for this service.

As a member of PensionDanmark you will receive market interest on your savings. Market interest means that you receive interest that corresponds to the return on the money we have invested for you. In other words, the gain is paid directly to you. With market interest, interest varies each month depending on the performance of the investments. The return can be both positive and negative.

Every month interest will be added to your savings. The interest corresponds to the return produced by PensionDanmark's investments. This means the interest on your savings will vary and could be either positive or negative.

Members receive the whole profit from the pension scheme – there are no shareholders who must profit from the scheme.

When you invest in shares, you are placing your money in a company. If the company in which you have invested does not do as well as anticipated, this will mean that the company's share value will fall.

Whether a company performs well or not is very unpredictable and therefore you can quickly lose money. On the other hand, you can quickly make money when things are going well.

PensionDanmark always invests your savings in a mix of shares and bonds, so the risk is minimised. This way, you have a good chance of making money on the shares and at the same time you are ensured a more stable return on the bonds,

When investing your savings, we focus clearly on spreading your investments to reduce the risk of losing funds. We would not jeopardise your security and safety simply to gain a slightly higher return.

Your savings will be invested based on your age. If your retirement is a long way off, a large proportion of the funds will be invested in shares. This could produce a higher return but the risk is also higher. As you grow older, we invest more of your savings in stable investments such as bonds, for example. This puts you in a better position to calculate what your finances will look like when your retire.

As a member of PensionDanmark, your savings are invested in 'age-indexed pools' in which the risk is gradually reduced after you turn 41 years of age.

Until you turn 41 years of age, almost 50 percent of your savings will be invested in shares. 30 percent is invested in corporate bonds, property and infrastructure (such as wind farms). Only 20 percent of your savings are invested in standard bonds.

As you grow older, we invest more of your savings in stable investments such as bonds, for example. And when you turn 65, for example, only 25 percent of your funds are invested in shares.

If you wish to change how your funds are invested, you can use Free Pool Selection to decide how you want to invest your savings yourself. For example, this could be 100 percent in shares.

You can also choose a product with a higher or lower risk. PensionDanmark will then still manage how your pension savings are invested.

Your return will vary according to the performance of your investments.

PensionDanmark has a clear focus on investing in sustainable solutions. In recent years, we have invested more than DKK 20 billion in green energy. These include e.g. wind turbines and biomass-fuelled power plants in Denmark, the UK and the USA. Together with Ørsted, PensionDanmark owns the two large Danish off-shore wind turbine farms, Anholt and Nysted.

PensionDanmark will continue to invest in green energy in the future.

Free Pool Selection is an option we offer members who wish to manage their own investments.

You can sign up for Frit Puljevalg by logging on to pension.dk. You can adjust your investments on a daily basis if you want, and you can always go back to having PensionDanmark invest your money for you.

When you opt into Frit Puljevalg, 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.

When you place an order in Free Pool Selection, it must be transacted before you can place a new order. That is how our system works.

Yes, provided you have funds in PensionDanmark, you will receive interest on the amount. The interest depends on how much we earn by investing your savings.

Your state retirement age depends on your date of birth. See an overview of state retirement ages.

You are not entitled to a state pension until you have reached state retirement age, but you can opt to defer your state pension beyond that date. Read more about state pension.

When you wish your pension to be disbursed, you will need to initiate this yourself. Do this by logging in to pension.dk. However, it is a very good idea to speak to one of our advisors first, so that your pension can be disbursed in the way that is most beneficial to you. For good advice, call us on +45 7012 1330. 

The funds you receive from your pension savings will be allocated to your NemKonto.

You can gain an overview of this by logging into pension.dk Under the heading "What can you expect to receive?", you can gain an overview of your pension savings at PensionDanmark. You can also access figures from your other savings accounts so that e.g. ATP and your state pension are also shown.

The figures you see show how much you can receive as the situation is now. They might become higher or lower depending on how much you set aside and the rate of interest you receive on your savings.

On reaching retirement age, you can choose to take partial retirement. This means you will begin receiving some of your pension. This can ensure, e.g. that your finances remain healthy even if you work less.

What is 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.

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

You have several options for disbursement of your savings. The most beneficial way will depend on your overall financial situation.

Therefore we advice to call us on +45 7012 1330. Together we will find the solution that is best for you.

No, you do not need to have all of your pension savings paid out at the same time. You can choose a flexible pension disbursement – for example you can have your lifetime pension and annuity pension paid out at different times.

You can put your pension together in many various ways, so if you wish to have a flexible pension, please call one of our advisors on +45 7012 1330. They can help you to find out more about how you can get the most out of your money.

Yes, when you relocate permanently overseas you can have all of your savings paid out at once. There will be a deduction of 60 per cent tax to the Danish state.

You can have the funds disbursed by completing a form or by calling us on +45 7012 1330.

Download the form here

The purpose of your pension savings is to ensure that your finances are healthy when you retire. Therefore, you cannot normally receive your entire pension in one instalment. However, this is possible if the pension is below a certain size.

You can receive your retirement account or capital pension in one instalment.

The funds in your annuity pension and lifetime pension will usually be disbursed gradually every month. Your annuity pension can be disbursed over a period of 10 to 20 years, and you will benefit from your lifetime pension for the remainder of your life.

No, it is not possible to receive the funds from your pension savings before you retire.

The only exception to this rule is if you move out of Denmark permanently.

No, your annuity pension is paid out over a period of ten to thirty years. Read more about annuity pension.

No, your annuity pension is paid out over a maximum period of thirty years. Read more about annuity pension.