In Denmark, it is the responsibility of central government, your employer and yourself that you have something to live on when you retire
The Danish pension system is structured so that you get your pension from several places. You may be entitled to state pension when you reach the state pension age. If you are a wage earner, your employer will as a rule see to it that part of your wage is paid into a pension scheme.
Furthermore, you have the possibility to set up an individual pension scheme.
A Danish individual pension is a scheme which you yourself set up and save in through a Danish pension company, financial institution or the like.
The pension provides you with income when you grow older. Furthermore, it may contain insurances for you and your family if you lose the ability to work or die.
If you leave Denmark while you are still economically active, you may choose to continue paying into your pension. If you stop paying, the insurances that are part of the schemes will typically no longer be in force after one year.
You can have your pension paid out abroad if you do not live in Denmark any longer.
Please contact your pension company, your pension fund or your financial institution if you want to learn more about your individual pensions.
A Danish labour market pension is a pension scheme that is established as part of your employment relationship in Denmark. Normally, both you and your employer pay contributions to the pension through the wage. The pension is in most cases a fixed percentage of your wage.
Labour market pensions often contain payments that are disbursed to a spouse and children if you die before retirement. Most pensions also hold insurance for you if you lose the ability to work.
Please contact your pension company, your pension fund or your financial institution if you want to learn more about your labour market pensions.
Danish state pension is paid by public authorities. The point of departure is that you are entitled to state pension when you reach the state pension age if you fulfil three fundamental conditions:
However, special rules may apply to you, for example if you have lived in an EU/EEA Member State, Switzerland or a country with which Denmark has concluded a special agreement. You may also be covered by special rules if you are a refugee.
In order to receive the full amount of the state pension, you must have lived in Denmark for at least 40 years since you reached the age of 15 and till you reach the state pension age. If this is not the case, you may be entitled to a smaller proportion of the full state pension. Special rules may apply to you if you are a refugee.
The amount of your state pension depends also on whether you have additional income and on whether you choose to defer claiming the state pension.
If you receive Danish state pension, you must inform the Danish authority Udbetaling Danmark about any changes that may be important to your pension. You must, for example, inform Udbetaling Danmark if you move abroad, if there are changes to your income, or if you travel abroad so much that it impacts on your pension.
Rules vary as to whether you can have your Danish state pension paid out abroad. The rules depend, among other things, on the country you live in, and on whether you already receive state pension or whether you are going to apply for state pension.
If you want to know more about state pension, you may contact Udbetaling Danmark if you live in Denmark. Please contact Udbetaling Danmark International Pension if you live abroad and if you want to apply for Danish state pension.
You may be entitled to a foreign pension if you have lived or worked in another country than Denmark. It depends on the rules in the individual country whether you are entitled to have your foreign pension paid out in Denmark.
If you want to apply for foreign pension, there are different places you need to contact. If it is a matter of:
Please contact the foreign pension authority if you have any questions regarding the way in which your foreign pension is calculated or paid out.
If you want to complain about a decision regarding foreign pension, you must draw up the complaint yourself and send it to the right authority abroad. It will appear from the decision which authority it is and what the deadline is for complaints.
Written by the Ministry of Employment, the Danish Financial Supervisory Authority, Udbetaling Danmark International Pension, SKAT (Danish Customs and Tax Administration), and the Ministry of Social Affairs and Integration
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