Annuity pension – receive a monthly payment for 10-25 year

By choosing annuity pension (ratepension) you will receive a monthly payment for 10-25 years. You will be able to enjoy your tax deduction here and now. And you don’t have to decide how your savings should be disbursed until you retire. At this point in time you will know more about your life situation.

Overview Tax Facts Overview


By choosing annuity pension (ratepension) you can start your retirement life safely.

You will receive:

  • Tax deduction on contributions up to DKK 52,400 (2017) annually
  • Contribute more and get a chance of full right of deduction with automatic transfer to Livrente+
  • Disbursement in monthly instalments over a period of 10-25 years – your choice
  • Your surviving relatives inherit your annuity pension if you die before the last disbursement has been made



Annually you may deduct up to DKK 52,400 (2017) on your contributions from your taxable income.

If you have a corporate pension scheme as well as a private pension scheme, deductions will be made from your contributions into your corporate pension scheme before contributions are made into your private annuity pensions.


Your monthly disbursements will be taxed as personal income. Labour market contribution will not be deducted from your disbursements.



A pension scheme also means financial security for your family if you die prematurely or become seriously ill.

By choosing an annuity pension your family will inherit your monthly disbursements if you die before receiving the last disbursement. Or, your family may choose to receive your pension savings as a lump sum payment, which will be taxed by 40%.

As a rule, you will decide yourself who will be your beneficiary – however, certain limitations apply.

You can provide yourself and your relatives with a stronger safety net by adding further insurances – for example, a children’s pension or a disability pension.

On this site you can find general information e.g. about pension schemes and insurance products. We always do our best to maintain the site, however errors may occur. In case of discrepancies between the English and Danish content, it is the Danish wording of terms and conditions that apply. If you have any queries, please do not hesitate to contact us.