Payment to lifelong pension
There is no top limit for payment to the lifelong retirement pension (regular payments).
However, it applies to schemes that are set up privately that if the agreed payment period is less than 10 years, and the total annual contributions to pensions with regular payments (lifelong retirement pension) exceed DKK 56,100 in 2023, the tax deduction must be divided with 1/10 annually for 10 years.
When you are self-employed (one-man business), you have the possibility of paying contributions according to rules which apply to self-employed only. We recommend that you contact your accountant for further information and advice.
Payment to annuity certain
In 2023 you can pay up to DKK 60,900 to all your annuities certain after a possible deduction of labour market contribution (8 percent). Payments made through your employer can account for DKK 66,195 including labour market contribution.
Payment to retirement insurance
You do not benefit from a tax relief on pension contributions made to a retirement insurance. In return, the benefit payments are tax-free, and they are not deducted from the state pension benefits.
If you have more than 7 years until reaching the state pension age, you can pay up to DKK 8.800 in 2023. If you have 7 years of less until reaching the state pension age, you may pay up to DKK 56.900 in 2023. This does not apply, however, if after 1 April 2018 you have started receiving monthly pension benefits. In this case, you can pay DKK 8.800 as a maximum.
Extra payments
If you want to make extra payments to your pension scheme, you can read more here