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Have you not been deducted for all your pension contributions?

Every year, a number of Danes are in for an unpleasant surprise when they open up their annual tax assessment notice, because they’ve not been deducted for all their pension contributions. Fortunately, help is at hand to avoid the extra bill. Does this apply to you? If so, you can find the answers to your questions right here.

How do I check if I’ve been deducted for all my pension contributions?

You can do this by checking your tax assessment notice from the Danish Tax Agency. 
 
If you've contributed more than the limit of DKK 63,100 to an annuity certain scheme, it’ll be indicated in your annual tax assessment notice under the heading: "Please note".
 
In your tax assessment notice, you can check that your contributions have been reported correctly. You can see your pension contributions under these boxes/numbers:
  • Box 347:  ”Contributions to company old-age pension, group life assurance deducted from your salary” 
  • Box 24:  "Contributions and premiums to personal life pension schemes"
  • Box 21:  ”Contributions and premiums to personal annuity pension schemes and temporary old-age pension schemes”
 
You can see which information Velliv has reported by logging in with MitID, selecting the 'Tax' tab, 'Reporting', year and clicking 'Calculate'.
 

Do you have a pension scheme through your employer?

If you have your pension scheme through your employer, with contributions made via your salary, you won't be able to see the contributions on your annual tax assessment notice. 
 
Instead, you can see what has been contributed to your pension on your payslips, as the amount is deducted from your salary before tax is calculated. On www.tastselv.skat.dk under ‘Tax information’ (in Danish only), you can also see what your employer has contributed to your pension scheme under ‘Arbejdsgiveradministrerede Pensionsordninger’ (Employer-administered pension schemes).

How much can I get deductions for on an annuity certain scheme?

You can contribute a maximum of DKK 65.500,00 kr. (2025) 2025 to an annuity certain scheme and get deductions for the contribution. In 2024, the limit was DKK 63,100.
 
If you’ve contributed too much, you can see it in your annual statement under the heading: "Please note". Here, it’ll state that the Danish Tax Agency has cancelled your deductions for contributions over DKK 65.500,00 kr. (2025) 2025 (DKK 63,100 in 2024) on your annuity certain scheme if it’s a private pension scheme – e.g. with a financial institution. If the contribution limit is exceeded on an annuity certain scheme that’s part of your pension scheme through your current or former employer, the amount will be included in box 347.

What should I do to get my deductions corrected?

To correct an overpayment to your annuity certain scheme, you need to download and complete this form from the Danish Tax Agency. The form must be sent to us along with an overview of your contributions to employer-administered and, if applicable, private pension schemes. You can find this information on www.tastselv.skat.dk - look for the section ‘Tax information’ (in Danish only) when you’re logged in. Please only send us the information that relates to pension contributions.

 

Your tax assessment notice is not sufficient as documentation.

 

Have you contributed to a private annuity certain scheme?

Tax rules state that you must always correct contributions to a private annuity certain scheme first, if one exists. If you’ve overpaid a private annuity certain scheme and you wish to transfer this part to a whole-life annuity scheme, you must complete this form from the Danish Tax Agency.

The form must be sent to us along with an overview of your contributions to employer-administered and, if applicable, private pension schemes. You can find this information on www.tastselv.skat.dk - look for the section ‘Tax information’ (in Danish only) when you’re logged in. Please only send us the information that relates to pension contributions. 
 
If you’ve made contributions to a private annuity certain scheme with another company or bank, you need to contact them.
 
If your scheme is a private annuity certain scheme, you also have the option of getting a refund of the excess amount. You can specify this in the form.
 

Have you contributed to an annuity certain scheme on the pension scheme through your employer?

For mandatory company pension schemes, it is not possible to get the excess amount refunded. Instead, the amount will always be transferred to a whole-life annuity scheme.
 
If you’ve contributed to an annuity certain scheme with another employer-administered pension scheme in another pension company, you can choose which company to correct the contribution with and send the form to that company.

How do I fill out the form for the Danish Tax Agency?

To correct an overpayment to your annuity certain scheme, you need to download and complete this form from the Danish Tax Agency. 
 
Enter the income year on the first page: 2024
 

If you have your pension scheme through your employer:

Then, fill in sections 1, 2, 4 and 6 on page 3.
 
Section 1: Tick in 'Transfer', 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".
The form must be sent to us along with an overview of your contributions to employer-administered and, if applicable, private pension schemes. You can find this information on www.tastselv.skat.dk - look for the section ”Tax  Information” when you are logged in.  Please only send us the information that relates to pension contributions. 
 
Your tax assessment notice isnotsufficient 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,
also enter the amount which you have not received deductions for, if the Danish Tax Agency has stated it on your annual tax assessment notice.
 
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".
 
The form must be sent to us along with an overview of your contributions to employer-administered and, if applicable, private pension schemes. You can find this information on www.tastselv.skat.dk - look for the section ”Tax  Information” when you are logged in. Please only send us the information that relates to pension contributions. 
 
Your tax assessment notice isnotsufficient as documentation
 

Do you have any questions?

If you have any questions, please feel free to 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.

Should I follow up on anything with the Danish Tax Agency?

No. When you have filled out and sent the form to the correct pension company or financial institution, they will ensure that your contributions for 2024 are adjusted. They will also inform the Danish Tax Agency. Once the DanisTax Agency has processed the claim, you will receive a new annual tax assessment notice.
 
PLEASE NOTE: If you havn't received a new tax assessment notice within 14 days after the new information has been registered on www.tastselv.skat.dk under ”Tax Information”, you must contact the Danish Tax Agency to receive a new tax assessment notice.

Are my contributions to insurance covers deductible?

If you have insurance covers as part of your pension scheme where you pay tax on contributions, we report these contributions to the Danish Tax Agency. 
 
This applies to e.g. a health insurance that is part of your pension scheme. The insurance contributions that you have paid tax on will be included in box 347 on your annual tax assessment notice.