IconPension covers 

    Retirement insurance

    Flexibility to have a lump sum paid. You chose the size of the amount.

    A retirement insurance provides flexibility to have a lump sum paid as a supplement to the lifelong retirement pension benefits. The retirement insurance can be paid in instalments which gives you the flexibility to have an optional amount paid. In P+ the minimum payment is DKK 50,000, and you can receive one instalment per calendar year.

    If you want a progressive withdrawal from the labour market, you have the possibility of choosing a partial retirement, e.g. by having the lifelong retirement pension paid and postpone the retirement insurance or vice versa. 

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

    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 pensions here


    If you have pension schemes in other companies or banks, you can log on to PensionsInfo. When you have a pension scheme in several companies, you should be aware that the pension benefits are not 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, the 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 about benefit here

    You can read about contribution payments here

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

    Rules applying to members of P+, former JØP
    Interest on retirement insurance for members of P+, former JØP is paid at the rate of the pension fund’s deposit interest rate. You can read more about the deposit interest rate 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.

    The payment is tax-free. In the event of death, the payment is not subject to an estate tax when the payment is made to a spouse or a cohabitant in a registered partnership. 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).

    You can have the retirement insurance paid when you reach your pension age at the earliest, and it must be paid in full after 20 years at the latest. The retirement insurance can be paid in instalments which gives you flexibility in planning your life as a pensioner.

    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

    You can find more information 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 your pension benefits here or you can contact us