When you stop working, you should change your preliminary income assessment to pay the right amount of tax:
- Log on to E-tax (TastSelv)
- Select 'På pension/efterløn' (Retirement/voluntary early retirement) under 'Oftest tilføjede felter' (Frequently added fields) in your preliminary income assessment. Here you enter your expected pension/early retirement benefits during 2022/2023. Do not change your preliminary income assessment until the day you retire.
- Remember also to correct your expected salary in field 201.
If your spouse or live-in partner receives social pension, you should not change your preliminary income assessment until the day you actually retire. If you do it this way, the calculation of social pension for you and your spouse or live-in partner will be more accurate.
If you receive payments from more than one provider, you need to ensure that only one of the them uses your primary tax card. You need to inform the providers whether to use your primary or secondary tax card.
Pension benefits
Udbetaling Danmark pays your pension benefits based on your preliminary income assessment.
If your income changes during the year, all you need to do is change your preliminary income assessment. The Danish Tax Agency (Skattestyrelsen) informs Udbetaling Danmark directly. Please see www.lifeindenmark.borger.dk for further information.
Holiday pay and unused holidays
If you have been entitled to paid holidays, your holiday pay will be paid out when you stop working.
Any unused holidays will be transferred to a holiday card, and the amount will be taxed in the month when your employment ends. You can see the amount in your tax assessment notice, box 11.
If you wonder why your total income for the year is higher than expected, this may be because your holiday pay has been included in the calculation and taxed in connection with your termination.
Calculate your income after tax