Payout from Old-age Savings

There are limits to how much you can pay into an old-age savings scheme.

If you are more than seven years away from your state pension age, you can pay in up to DKK 9.900 each year. If you are less than seven years away from your state pension age, you can pay in up to DKK 64.200 each year. 

These limits apply to all your old-age savings no matter how many schemes you have.

If you die before your old-age savings have been paid out in full, the remaining balance will be paid out to your beneficiaries.

If you put extra money into your savings separately from your employer, you can typically have it paid out three years before reaching your state pension age. If you want the money earlier, you have to pay 60 percent tax. 

There are other rules for contributions from your employer.

See when you can have your pension paid out