With the transition to the new Danish Holiday Act, up to 5 weeks of holiday allowance earned in the period 1 September 2019 - 31 August 2020 was frozen for all employees. The holiday allowance is called 'holiday funds' to distinguish it from the regular holiday allowance, which is earned and can be paid out on an ongoing basis. The frozen holiday funds are savings that are automatically paid out when you reach the state pension age. You can choose to postpone the payment if you wish.
You can use this self-service (Danish only) to see your savings of frozen holiday funds. You can also see what your employer has reported and how your holiday funds have developed since 2020.
Only employees within the definitions of the Holiday Act had their holiday pay for the period 1 September 2019 - 31 August 2020 frozen. As a general rule, your employer must have reported 12.5 per cent of your holiday-entitled salary before tax.
An employee is normally characterised as working for the employer. This means that you are generally not an employee if, for example, you are the CEO or owner/co-owner of a significant proportion of the company.
You can use this self-service (Danish-only) to see your savings of frozen holiday funds. You can also see what your employer has reported and how your holiday funds have developed since 2020.
Only employees within the definitions of the Holiday Act had their holiday pay for the period 1 September 2019 - 31 August 2020 frozen. As a general rule, your employer must have reported 12.5 per cent of your holiday-entitled salary before tax.
An employee is normally characterised as working for the employer. This means that you are generally not an employee if, for example, you are the CEO or owner/co-owner of a significant proportion of the company.
Your savings of holiday funds are placed in the fund Lønmodtagernes Feriemidler, which is managed by LD Fonde. The holiday funds are invested with the aim of achieving the best possible return and confidence levels so that your savings grow as much as possible.
The return on your holiday funds consists of both LD Fonde's investment return on the holiday funds that the employers have paid into the fund and an interest income on the holiday funds that the employers leave in the companies. This becomes the fund's result, which you get your share of.
The return is calculated every month, ensuring you get you return. It can vary from month to month as it depends on market developments. This means that it can be both positive and negative developments.
Every year, you will receive a statement of your holiday funds if they have not been paid out. The statement will be sent no later than February.
You can also continuously follow your personal return via the self-service at the top of the page.
Your holiday funds will be paid out automatically when you reach the state retirement age. You can choose to postpone the payment if you wish.
You will receive a letter about the payment of holiday funds approximately 3 months before you reach the state retirement age. In the letter, you can read what you need to do if you want to postpone the payment.
Your holiday funds are automatically paid out to your NemKonto. The payment will be made no later than six weeks after you have reached the state retirement age if you do not postpone the payment.
Your holiday funds will be paid out automatically when you reach the state retirement age. You can choose to postpone the payment if you wish.
You can apply for early payment of holiday funds if you leave the labour market permanently. This applies if you leave the labour market before the state retirement age and meet one of the following 7 conditions:
At the earliest, you can apply for payment of the holiday funds after you have left the labour market.
You can apply for early payment through our self-service:
If you want to apply for early payment, but you do not have MitID, please contact our customer service for guidance.
We process your application within 6 weeks. However, at times, the processing time may be longer. We will ask you to submit additional information if we lack sufficient or correct documentation. This may prolong the processing time.
When your application is approved, we will pay out your savings at the beginning of the following month. The return will be included up to and including the month in which the application is approved.
You can postpone the payment of your holiday funds when you reach the state retirement age. If you do so, your holiday funds will remain as savings that will be credited with returns on an ongoing basis. You can then decide when you want them paid out.
About 3 months before you reach the state retirement age, you will receive a letter with information about the payment and instructions on how to postpone it.
You can monitor the development of your return in 2 ways:
For more information, you can find more details about returns under the section 'Investment and returns on your holiday funds'.
If you have chosen to postpone the payment, you can have your holiday funds paid out at any time by ordering them via our self-service:
Holiday funds are paid to your NemKonto As a rule, we pay out your holiday funds to your NemKonto. If you do not have a NemKonto, you can contact us and we will send you a letter with instructions.
We will automatically pay your holiday funds to your NemKonto if you die before your holiday funds have been paid out. Your savings of holiday funds are thus included in your estate.
The estate must contact us if your NemKonto is closed, and we are therefore unable to pay out your holiday funds. We will inform the estate administrator via Skifteportalen.
The payment of your holiday funds does not affect what you receive in state pension, disability pension, senior pension or early retirement pension.
Potential impact on benefits
In some cases, your holiday funds may affect your benefits if you receive one of these four benefits:
If you are in doubt as to whether the payment may affect your benefit, you must contact the party that pays the benefit.
If you disagree with a decision made by Lønmodtagernes Feriemidler or believe that the information the decision is based on is incomplete or incorrect, you are welcome to contact us.
If you want to complain about the payout of your holiday funds or the statement of your account, write us with the text '“complaint'” in the subject field. We must receive your complaint no later than 4 weeks after you have received the payout.
We will re-examine your case and assess your complaint. If your complaint is not fully accepted, your complaint together with the case files will be sent to the National Board of Appeal.
If you have to pay back excess holiday pay and have sent a complaint, you are still obligated to pay back the excess holiday pay on time.
We cannot take a position on or process a complaint about the holiday funds that your employer has stated that you have earned. If you disagree with your employer's information, please contact your employer.
If you have suggestions for improvement or are dissatisfied, ATP has a customer ambassador you can contact. This could be, for example, if you do not think you have received a good service, or if you think there are some things ATP can do better. Read how to contact the customer ambassador:
Lønmodtagernes Feriemidler is a fund that manages holiday funds in connection with the transition to the new Danish Holiday Act. The fund manages the holiday pay that employees earned and had frozen during the transition year from 1 September 2019 to 31 August 2020 and invests it until it is paid out.
Lønmodtagernes Feriemidler is managed by LD Fonde, which also manages the Lønmodtagernes Dyrtidsmidler fund.
The day-to-day administration involving collecting payments from the employers and payments to you as an employee is handled by ATP.
You can read more about LD Fonde, investments and returns at their website:
Here you can find links to the acts and executive orders related to Lønmodtagernes Feriemidler.
Current legislation
