IconPension covers 

    Annuity certain

    An annuity certain provides payment of pension benefits for a period of time. The annuity certain is a good supplement to the lifelong retirement pension benefits providing higher pension benefits at the beginning of your retirement.

    The annuity certain is paid monthly for 10 years. You can choose to prolong payment for up to 30 years depending on your age when you start payment of annuity certain benefits. You also have the possibility of changing the annuity certain to a retirement pension and receive lifelong payment. 

    We automatically set up the annuity certain with a 10-year payment period unless you decide differently before you retire. 

    If you want to pay a single contribution, you can read more here

    If you want to make monthly contributions, please contact us

    Below you can find relevant questions and answers. 

    You can see your pension covers on Min pension. Here you can also see when they can be paid and get a pension forecast at different ages. If you are paying contributions, the pension forecast presupposes that the payment is continued until the given age. You can find Assumptions for calculation of the pension here


    If you have pension scheme in other companies or banks, you can log in to PensionsInfo. When you have pension schemes in several companies, you should note that not all pension benefits are necessarily payable at the same age. Normally, it appears from PensionsInfo when the pension benefits can be paid.


    You can read more about when the pension benefits can be paid here

    In the event of death, your annuity certain savings are paid to the beneficiaries. This applies both if you die during the payment period and before payment has started.

    You can read more here

    You can read about contribution payment here

     

    The monthly pension benefits are taxed as personal income, i.e. they are not subject to payment of labour market contributions (8 percent).


    In the event of death, the savings for an annuity certain are paid against a 40 percent taxation. Payment to a spouse or a cohabitant in a registered partnership is not subject to an estate tax. If payment is made to children and/or a cohabitant through more than 2 years, the estate tax accounts for 15 percent. On payment to others than the above-mentioned, the estate tax accounts for 36,25 percent (estate tax and supplementary estate tax).

    We have made a list of useful information when you start planning your life as a full-time or part-time pensioner. Read more here

    Rules applying to members of P+, former JØP
    Interest payment on annuities certain for members of P+, former JØP corresponds to the pension fund’s deposit interest rate. You can read more about the investment return here


    Rules applying to members of P+ and P+, former DIP
    If you have an annuity certain under P+ Regulations 2019 or P+ Regulations 2011, former DIP, but have not chosen an investment profile, your savings are automatically placed in the investment profile P+ Balance. You can choose between 3 investment profiles - read more about the investment profiles here


    If you choose to change the investment profile, this will also apply to a possible endowment policy. Change of investment profile must be done in writing and can be done here. Change of investment profile is free of charge. If we receive your request for a change no later than at the 15. of the month, the change will take effect on the 1. of the following month. Otherwise, it will take effect on the 1. of the next month.


    When we have registered your change of investment profile, you will get a receipt. This is your documentation of your choice being registered correctly and in time. You should check that the registration is consistent with your choice and contact us if there is an inconsistency.


    If you do not get a receipt, please contact us as it may imply that we have not received your request for a change of investment profile. If your receipt bounces back, your change will not be completed and you will continue having the previous investment profile.


    Both negative and positive investment returns are added monthly, and accordingly your savings can both increase and decrease. This also applies to annuities certain in payment. Accordingly, the size of your paid pension benefits will increase or decrease depending on the investment returns.

    You can read more in the Regulations and on Min pension

    You must contact us approx. 2 months before you want to retire and start payment of your pension savings. You can apply for payment of pension benefits here, or you can contact us

    You can read more about the factors impacting on your pension benefits here

    Yes, all monthly pension benefits in payment can change – both positively and negatively. The size of the benefits are normally determined annually.

    Below, you can see the pensions that are paid monthly:

    • Permanent and temporary disability pension
    • Lifelong retirement pension
    • Spouse’s pension
    • Spouse’s or cohabitant’s pension
    • Children’s pension
    • Supplementary retirement pension
    • Annuity certain

    On the pension scheme you can see your pension types and how they are paid. You can read about the factors impacting on your pension benefits here