The Danish pension system

Det danske pensionssystem
Here, you can read about the different kinds of pensions in Denmark.

There are various kinds of pensions in Denmark. This page provides an overview of them. You can read more about pensions on borger.dk

Statutory pensions and benefits

You can read more about the Danish old-age pension (folkepension) and sickness compensation (førtidspension) on the Info Norden website.

The ATP Livslang Pension

The ATP Livslang Pension (lifelong pension) is a statutory scheme to which most people contribute. Under it, your pension is automatically paid out when you reach retirement age.

On death, your spouse, partner or children receives a lump sum from ATP.

You can read more about ATP on borger.dk.

Voluntary early retirement pension

Voluntary early retirement pension (efterløn) is a scheme that allows you to stop working five years before retirement age. You must meet certain conditions to be entitled to a voluntary early retirement pension. The conditions depend on when you were born.

To qualify for voluntary early retirement pension when you reach the age threshold, you must: be a member of an unemployment insurance fund, have paid early-retirement contributions for 30 years, and have begun making contributions no later than your 30th birthday.

You can read more (in Danish) about the voluntary early retirement pension scheme on borger.dk.

Labour market pensions and individual pensions

Labour market pension schemes are arranged by employers and trade unions via agreements covering different areas of work. Ask your employer for information about pension schemes available in your workplace.

An individual pension is a scheme which you set up and save in at a bank or pension company, independently of your employer.

Most Danish banks and pension funds are registered with PensionsInfo, which also provides an overview of your Danish pension schemes. You need to have a Danish NemID to access this information.

If you have questions about your pension plans, contact your pension fund or bank.

You can read more (in Danish) about the voluntary early retirement pension scheme on borger.dk.

If you are self-employed

Self-employed people have the right to the old age pension like everybody else but do not have labour market pensions and must decide whether or not to contribute to the ATP Livslang Pension.

You can read more (in Danish) about pensions for self-employed people on borger.dk.

More information

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