On Regulations 3 and 4, you can establish a retirement insurance which is a savings scheme paid as a lump sum. If you die before the retirement sum has been paid to you, the sum is paid to your next of kin.
On Regulations 4, your have the possibility of choosing between three investment profiles – Aktiemax, DIP Vælger and Obligationsmax respectively. Interest is payable at the rate of the pre-tax return of the chosen investment profile.
Payments to retirement insurance
If you are more than five years away from being able to receive state pension, you can pay up to DKK 5,200 in 2019.
If you are five years or less away from being able to receive state pension, you can pay up to DKK 48,000 in 2019.
The payments must be made as private contributions, single contributions or transfers from other pension companies and banks.
The payments are not tax exempt, and you pay a tax of 15.3 % of the return on the scheme.
The retirement insurance can be paid when you reach age 60 if the pension scheme is established before 1 May 2007.
Is the pension scheme established after 1 May 2007, the pension can be paid five years before the state pension age.
Is the pension scheme established after 1 January 2018, the pension can be paid three years before the state pension age.
The retirement insurance can be paid 20 years after the state pension age at the latest.