IconTaxation of payments made and received 

Payments to a non-deductible pension scheme

When you are not tax-liable to Denmark, you do not benefit from a tax deduction for your contribution payments to the pension fund. If you want to continue paying pension contributions and maintain your insurances and savings, you can set up a § 53A scheme which gives you the possibililty of having your savings paid tax-free. The pension contributions must be paid from a Danish bank.

When you are tax-liable to Denmark, there is a top limit on how much you can pay to your pension savings. When you are not tax-liable to Denmark, there is no limit.

When you return to Denmark, it is important that you contact us, so we can find out how your pension scheme should continue as the tax-related conditions for your pension scheme change.