ATP Livslang Pension
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When will my ATP Livslang Pension be paid out?
Your ATP Livslang Pension will be paid out when you reach the Danish retirement age. Your retirement age depends on the date you were born.
As a pensioner living abroad, your ATP Livslang Pension is transferred to your bank account either each month or as a lump sum depending on how much money you have accrued.
Below, you can see the Danish retirement age:
|Date of birth||Danish retirement age|
|31 December 1953 or before||65 years|
|1 January 1954 - 30 June 1954||65½ years|
|1 July 1954 - 31 December 1954||66 years|
|1 January 1955 - 30 June 1955||66½ years|
|1 July 1955 - 31 December 1962||67 years|
|1 January 1963 or later||68 years|
The Danish retirement age may be changed by the Danish Parliament with a 15 years notice prior to the present retirement age.
How do I get my pension?
When you reach the Danish retirement age you can receive your ATP Livslang Pension - either in the form of monthly payments or as a lump sum depending on how much you have accrued.
Shortly before you reach the Danish retirement age, you will receive a letter from ATP Livslang Pension. Therefore, make sure that ATP has your address.
Our letter contains a form which you have to fill out with your bank information and return it to ATP.
See an English translation of the letter:
- Pension letter - monthly payment (pdf)
- Pension letter - lump sum payment (pdf)
- Bank information form (pdf)
If you do not have an address in Denmark, please remember that ATP must have your address abroad in order to pay out your pension.
Choose a Danish or a foreign account
You decide whether you want your ATP Livslang Pension paid out to a Danish or a foreign bank.
If you have a Danish bank account the transfer will have no cost to you.
If you have a foreign account you must pay a fee.
The bank deducts a handling fee
Our banking agreement will charge up to 4,95 DKK per transfer, no matter which foreign country the money is transferred to. Your bank abroad may also charge a fee for receiving the money. Please contact your bank abroad regarding their fee.
Deferring your pension
You can choose to defer your pension. If you wish to do so, please tick the box "I wish to defer my ATP Livslang Pension to" on the form that you have received.
When will I get a life certificate?
Each year in May you will receive a life certificate. If you fill out and return the life certificate to ATP Livslang Pension your pension will be paid out as usual.
ATP Livslang Pension cooperates with Udbetaling Danmark, International Pension. Therefore, if you receive state pension you will receive the life certificate from Udbetaling Danmark, International Pension.
We will stop your pension payments if you do not fill out and return the life certificate.
Can I get my pension paid out if I leave Denmark?
ATP Livslang Pension is payable when you have reached the Danish retirement age even though you are leaving Denmark. You cannot have your ATP Livslang Pension paid out earlier because of for instance: living abroad, disablement, earlier retirement age in another country or transferred to another pension scheme ect.
If you are staying outside Denmark by the time you reach the Danish retirement age we advise you to contact us in order for you to benefit from the rights and savings you have accrued.
We do not automatically receive changes of addresses abroad. Remember to inform ATP Livslang Pension of any new addresses abroad.
How often will I receive the pension?
You will receive the pension amount either as a lump sum or a monthly payment.
The size of your ATP Livslang Pension determines how you receive ATP Livslang Pension:
- If your ATP Livslang Pension amounts to more than DKK 2,900 per year before tax, you will receive your pension monthly for as long as you live.
- If your ATP Livslang Pension amounts to DKK 2,900 or less per year before tax, you will receive your pension as a lump sum.
ATP’s Supervisory Board may change the limit of DKK 2,900 in the future. Your payment may change from a lump sum to a monthly payment if you pay in more ATP contributions or postpone your retirement, thus increasing your pension.
What happens to my ATP Livslang Pension if I die?
It is important for your dependents to contact ATP as we are not automatically informed about deaths that occur abroad.
Your dependents might be entitled to a lump sum. Dependents are:
- Spouses, or
- Common-law partners, and
- Children under the age of 18 or 21
40 per cent of the lump sum will be deducted as tax for Skattestyrelsen.
If you receive ATP Livslang Pension, payments will stop when you die, i.e. no one can inherit your pension.
In order to make payment to a spouse ATP needs:
- A copy of the death certificate,
- A copy of your marriage certificate, If you have changed your name in connection with your marriage, we need a certificate issued by a public authority stating the change of name and the date of the change
- Your signature confirming that you were still married at the time of her/his death,
- Your address, and
- Bank information
In order to make payment to children ATP needs:
- A copy of the birth certificates,
- Information about who the guardian is for any child under the age of 18, and
- Bank information
If you and your common-law partner were not resident in Denmark and were not registered with ATP as common-law partners, you need to complete a form to request payment of the lump sum.
Here you can read about what ATP requires as valid documentation.
How much do I pay?
The size of the contribution depends on various rates.
Private-sector employers always pay A-contributions, which is the highest rate.
Public-sector employers pay A, B, C, D, E or F-contributions, depending on the collective agreement the employee are covered by.
Public-sector employers have paid B, C, D, E and F-contributions for most employees since 1 January 1988. A-contributions may be optional or mandatory (from either transfer income or full-time employment), while contributions based on the other rates always stem from full-time employment.
Since 1993, ATP contributions have been paid on various types of transfer income such as unemployment benefits, sick pay, welfare benefits etc. Certain groups such as early retirement pensioners and recipients of partial pension may choose to pay ATP contributions themselves. These contributions are also shown in the overview.
The contributions shown include the contributions made by the member as well as his/her employer, municipality, Udbetaling Danmark the Public Benefits Administration or unemployment insurance fund. However, self-employed people and recipients of early retirement benefits or benefits under the Danish flexi job scheme pay the full contribution themselves.
Contributions made prior to 1 January 2008 are reported on an annual basis only. See also rates from prior years:
Example of letters from ATP Livslang Pension
If you have received a Danish overview of your ATP Livslang Pension, see an English translation of the letter.
If you are a pensioner, you get a letter every year with an overview of your pension payments.
See an English translation of the letter:
If you have received a Danish social security contribution letter, see an English translation of the letter.