Tax and tax assessment notice
Below you can find answers to some of the questions that may arise in relation to tax and the tax assessment notice. You will also find information on how to include a deduction for pension contributions on your tax assessment notice. If you want to check how much of your payments have been made to your insurance covers and that you have paid tax of, see box 347 on your tax assessment notice.
How do I check if my pension contributions have been deducted?
Check your tax assessment notice to see whether your contributions have been reported correctly.
Your pension contributions will appear under these box names/numbers:
- ”Private annuity certain schemes and temporary whole life annuity schemes – box 21” (Note: these are called “annuity pension” and “lifelong old-age pension (life annuity)” in the form.
- ”Private whole life annuity schemes – box 24”
- “Company pension scheme – box 347”
To see the information reported by Velliv, log in with MitID, select "Reporting" under ”Tax”, enter the year and click ”Calculate”.
How much can I claim in deductions?
You can get a deduction on contributions of up to 63.100 kr. (2024). In 2023, the maximum amount was DKK 60,900.00
If you have paid too much, this will be stated on your tax assessment notice in the section: "Please note". This section will state that the Danish Tax Agency has deleted your deduction for pension contributions exceeding DKK 63.100 kr. (2024) (DKK 60,900.00 in 2023).
How can correct my deduction?
Find form 07.083A on SKAT.dk. Fill out, sign and send the form to us with a copy of your tax information. You can find your tax information under ”Tax information” when you are logged into SKAT.dk. Click ’Print’ and save the information as a PDF, You can then send the file as an attachment via the secure contact form www.velliv.dk/contact
Your tax assessment notice is not sufficient as documentation.
Have you made contributions to a private annuity certain scheme?
The tax regulations state that you must always correct the payments to a private annuity certain scheme first, if one exists. If you have made contributions to a private annuity certain scheme and you wish to transfer this part to a whole life annuity scheme, you must fill in form 07.083A available at SKAT.dk here and send it to us with the tax folder available under ”Tax information” when you are logged into SKAT.dk. Send the documentation via this contact form.
If you have made contributions to a private annuity certain scheme with another company or bank, you should contact them.
If your scheme is a privately subscribed annuity certain scheme, you also have the option of getting a refund of the excess amount. You can specify this on the form.
Have you made contributions to a company annuity certain scheme?
For mandatory company pension schemes, it is not possible to get the excess amount refunded. Here the amount is always to be transferred to a whole life annuity scheme.
If you have made contributions to an annuity certain scheme of another pension scheme with a different pension provider, you can choose with which provider the contribution is to be refunded and send the form to said provider.
How do I fill in the 07.083A form?
Follow the instructions on the form.
Enter the income year on the first page.
If you have your pension scheme through your employer:
Fill in sections 1, 2, 4 and 6 on page 3.
- Section 1: Tick the transfer box, enter income year and enter the amount your income is increased by, as stated by the Danish Tax Agency on your tax assessment notice.
- Section 2: Tick the transfer box again and enter your personal information.
- Section 4: Enter the date and your signature.
- Section 6: Enter the policy numbers that you will find at the top of this email and tick the box "Lifelong old-age pension".
Send the form to us with a copy of your tax information. You can find your tax information under ”Tax information” when you are logged into SKAT.dk. Click ’Print’ and save the information as a PDF, Send the file to us as an attachment via the secure contact form www.velliv.dk/contact
Your tax assessment notice is not sufficient as documentation.
If you have set up your own pension scheme with us (private scheme):
- Section 1: Tick the refund or transfer box and enter income year and enter the amount of which you have not been deducted if the Danish tax Agency has stated it in the annual statement.
- Section 2: Tick the refund or transfer box again and enter your personal
information:
- Section 4: Enter the date and your signature.
- Section 6: If you have chosen transfer, enter the policy numbers as stated in the top of this mail and tick the box "Lifelong old-age pension".
Send the form to us with a copy of your tax information. You can find your tax information under ”Tax information” when you are logged into SKAT.dk. Click ’Print’ and save the information as a PDF, Send the file to us as an attachment via the secure contact form www.velliv.dk/contact
Your tax assessment notice is not sufficient as documentation.
If you have any questions, please contact us on +45 70 33 99 99. We are ready to help you.
Monday to Thursday 8:30 - 16:30
Friday 9:00 - 16:00.
Is there anything else I need to do as regards the Danish Tax Agency?
No. Once you have submitted the completed 07.083A form to the appropriate pension company or financial institution, they will ensure that your contributions are adjusted. They will also inform the Danish Tax Agency.
When we receive the information from you, we can make a correction to the tax report and transfer the excess amount from your annuity certain scheme to a whole life annuity scheme (i.e., a lifelong old-age pension). You will receive a new tax assessment notice from the Danish Tax Agency when they have processed the correction.
Please note that it may take some time before the Danish Tax Agency has formed your new tax assessment notice.
Are my contributions to insurance covers deductible?
If your pension scheme includes insurance covers where you pay tax on the contributions, we report these contributions to the Danish Tax Agency.
This applies, for example, if you have health insurance as part of your pension scheme. Any insurance contributions you have paid tax of will appear in box 347 on your tax assessment notice.