You automatically obtain an additional tax deduction when you or your employer contributes to pension schemes approved as deductible for tax purposes.

The deduction is calculated as a percentage of your or your employer's contributions of up to DKK 75,600 in 2022 (DKK 74,700 in 2021).

In the calculation the sum of taxable payments from pension schemes of the income year is deducted. However, certain types of pension payments are not deducted.

The percentage depends on how many years you are from reaching the state pension age.

15 years or less

With 15 years or less until you are entitled to a state pension, you obtain an additional deduction of 32% on contributions of up to DKK 75,600 in 2022. This means that your maximum deduction is DKK 75,600 x DKK 0.32 = DKK 24,192 in 2022  (DKK 74,700 x 0.32 = DKK 23,904 in 2021).

More than 15 years

With more than 15 years until you are entitled to a state pension, you obtain an additional deduction of 12% on contributions of up to DKK 75,600 in 2022. This means that your maximum deduction is DKK 75,600 kr. x 0.12 = DKK 9,072 in 2022 (DKK 74,700 x 0.12 = DKK 8,964 in 2021).

15 years or less until state pension
Year Rates Maximum amount
2021 32% on contributions up to DKK74,700 DKK 23,904
2022 32% on contributions up to DKK 75,600 DKK 24,192
More than 15 years until state pension
Year Rates Maximum amount
2021 12% on contributions up to DKK  74,700 DKK 8,964
2022 12% on contributions up to DKK 75,600 DKK 9,072

The state pension age is adjusted from time to time and is as follows:

State pension age
If you were born You can retire when you are
  Before 1 January 1954 * 65 years
Between 1 January 1954 and 30 June 1954 ** 65.5 years
Between 1 July 1954 and 31 December 1954 ** 66 years
Between 1 January 1955 and 30 June 1955 66.5 years
Between 1 July 1955 and 31 December 1962 ** 67 years

* Date included. ** Both dates included.

If you were born after 31 December 1962, your state pension age will be determined according to your life expectancy.