Questions and answers about holiday pay during the transition year

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You will automatically have your savings paid out when:

  • you reach the state retirement age. However, you can choose to postpone the payment.
  • you have accrued under DKK 1,500 in total holiday pay in the transition year.

At the earliest, you can have the savings paid out from 1 October 2021.

There will be more information about when and how you can apply here on this page.

You will receive a letter from Lønmodtagernes Feriemidler at the beginning of 2021. Here you can see what your employer has reported to your savings for the transition year.

Your employer must report 12.5 per cent of your holiday-entitled pay. For example, this is hourly wages, permanent supplements and overtime pay. Salary during illness or maternity/paternity leave also counts as salary.

If the right amount is not stated in your savings, you must contact your employer.

No, you can not pay more into the savings yourself. The holiday pay that you earn during the transition year will be converted into savings with Lønmodtagernes Feriemidler.

Your employer is responsible for reporting and paying your holiday pay to your savings account.

There are different deadlines for when employers need to transfer holiday pay. This might be the reason why you can not yet see your holiday pay at Borger.dk.

If you can not see your holiday pay on Borger.dk, you must contact your employer.

The saved holiday pay is placed in the Lønmodtagernes Feriemidler fund, which is managed by LD Fonde. Each year, your savings will be adjusted. The adjustment may be positive or negative, depending on the overall result of the fund’s investments.

The regulation is calculated once per year by Lønmodtagernes Feriemidler.