You automatically obtain a tax deduction for contributions you make to pension schemes approved as deductible for tax purposes. The deduction is calculated as a percentage of your contributions of up to DKK 71,500 in 2019 (DKK 70,000 in 2018). The percentage depends on how many years you are from reaching the state pension age. In the calculation the sum of certain taxable payments from pension schemes of income year is deducted.

You are also entitled to an additional deduction for contributions made by your employer (employer pension schemes). 

It is considered an assessed deduction.

15 years or less

With 15 years or less until you are entitled to a state pension, you obtain an additional deduction of 22% on contributions of up to DKK 71,500 in 2019. This means that your maximum deduction is DKK 71,500 x DKK 0.22 = DKK 15,730 in 2019.

More than 15 years

With more than 15 years until you are entitled to a state pension, you obtain an additional deduction of 8% on contributions of up to DKK 71,500 in 2019. This means that your maximum deduction is DKK 71,500 kr. x 0.08 = DKK 5,720 in 2019.

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