ATP Livslang Pension is part of the Danish welfare society and gives old-age pensioners a bit of extra money to live on.
Your ATP Livslang Pension will be paid out from when you are entitled to old age pension after Danish law and for the rest of your life - no matter what age you eventually reach.
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.
Your pensionable age depends on the date you were born.
Below, you can see when your ATP pension will be paid out:
*Depending on whether or not the pensionable age increases in Denmark
You can see an overview of the contributions to ATP Livslang Pension on ATP's Self-service website.
You can enter the Self-service website by clicking the link in the blue box above.
When you become an old age pensioner, you will receive your ATP Livslang Pension - either in the form of monthly pension benefits or as a lump sum depending on how much you have accrued.
Shortly before you reach your pensionable age, you will receive a letter from ATP. You have to make sure that ATP has your address.
The letter contains a form which you have to fill out with e.g. your account information and send back to ATP. The payments will then begin the first day of one month after you reach your pensionable age.
See an English translation of the letter:
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.
Under the ATP banking agreement, the bank will charge DKK 19.75 per transfer, no matter which foreign country the money is transferred to. Your bank outside of Denmark may also charge a fee for receiving the money.
It is a good idea to decide how you would like your ATP Livslang Pension to be paid from now on:
If you open - or already have - an account in a bank in Denmark, the money can go straight into that account, with no cost to you.
If you usually have the money paid to a bank outside Denmark, and you take no action, DKK19.75 will be deducted from all your future pension payments. Your own bank may also make a charge for the transfer.
Some Danish banks offer a special account - what they call an ‘opsamlingskonto' (pooling account) - in which payments from ATP Livslang Pension can accumulate and then be transferred once or twice a year to your foreign bank. You will still have to pay a charge for the transfer - but not every month.
See what bank information ATP needs in order to transfer your pension safely to your foreign account.
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 until:" on the form that you receive with your pension letter.
The life certificate that you normally have to fill out for ATP each autumn, will be sent to you in the spring of 2015. Your ATP pension will be paid out as usual.
The reason is that ATP now cooperates with Udbetaling Danmark, International Pension. You therefore only have to submit one life certificate.
You cannot get your pension paid out as a lump sum or transferred to another pension scheme when you leave Denmark. Your pension will be paid out when you become an old age pensioner.
Remember that ATP must have your address abroad in order to pay out your pension.
Depending on how much you have accrued in ATP Livslang Pension, you get your money paid out either monthly or as a lump sum.
If you are entitled to a monthly payment, you cannot opt to have the money paid out as a lump sum. However, you can set up a pooling account ('opsamlingskonto') so you avoid monthly handling fees. Contact a Danish bank and ask them to set up a pooling account - what they call an 'opsamlingskonto'.
If you die, your dependents might be entitled to a lump sum. Dependents are:
In connection with the payment, 40 per cent tax will be deducted for SKAT.
If you have started receiving your ATP pension, payments will stop when you die, i.e. no one can inherit your ATP.
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 benefit.
It is important for your dependents to contact ATP as we are not automatically informed about deaths that occur abroad.
Written by ATP Livslang Pension
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 leave Denmark, please remember to inform ATP your new address.
See an English translation of the letter.
Help to find information or self-service on borger.dk Call 1881 or 7010 1881Telephones are open Monday-Thursday 08.00 - 22.00 and Friday 08.00 - 18.00