Livrente+

By choosing Livrente+ you will receive a monthly disbursement for as long as you live. You are allowed to make contributions into Livrente+ without a maximum limit and in addition get tax relief.

Overview Tax Facts Overview

Overview

By choosing Livrente+ you can look forward to a secure old age.

You will receive:

  • Tax deductions on all contributions made
  • Monthly disbursements your whole life
  • Your family will receive the value of your Livrente+ if you die before retiring
Tax

Tax

Pension contributions

You can deduct the contributions made from your taxable income. If you have a corporate pension scheme, you have no maximum limit on contributions. The contribution cannot exceed you salary, however.

If you make private contributions and there are more than 10 years to your retirement, you are also granted full tax relief on all contributions.

Certain limitations apply if there is less than 10 years to your retirement:

  • Full tax relief on contributions up to DKK 48,200 (2017)
  • The tax relief on contributions above DKK 48,200 (2017) is to be apportioned with 1/10 annually for 10 years 

Tip: Use your possibilities of deduction ultimately and ease you financial situation during your early, active retirement years. Combine your Livrente+ with an annuity pensionÅbner i nyt vindue.  

If you are a self-employed person, special rules apply. You can deduct pension contributions up to 30% of the company’s profit.

Disbursements 

Your monthly disbursements are taxed as personal income. You will not pay labour market contributions of the disbursements.

Facts

If you die before retiring

If you die before retiring, your family can choose to receive the value of your life annuity – to be disbursed either as a lump sum benefit or in instalments. The disbursement is free of tax and duty. However, if your spouse or registered partner is your beneficiary, no inheritance tax is imposed.

If you die after retiring

If you die after having retired, your family will receive the disbursement from your life annuity if you have made an active choice before retiring. You can choose to secure your family for an agreed number of years or until your spouse dies. The disbursement is free of tax and duty. However, if your spouse or registered partner is your beneficiary, no inheritance tax is imposed.

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.