What are administrative costs?

All pension schemes charge administrative costs, which include expenses for operating and maintaining IT, labour, rent and postage.

Gennemsnitsrente 

Gennemsnitsrente is a pension scheme where interest on the savings is the rate of interest on policyholders' savings. The administrative costs typically consist of a fixed monthly fee and a percentage of the contribution.

This means that if you contribute DKK 1,000 a month, you will pay the same costs regardless of whether your accumulated savings are DKK 10,000 or DKK 1,000,000.

LinkPension and VækstPension

For LinkPension and VækstPension, the administrative costs depend on the amount of the savings. For both schemes, the administrative costs are composed of a fixed monthly fee, a percentage of the contribution*) and a per mille of the amount of the savings.

*) For certain Link schemes established before 1 May 2003, no costs are charged of the contribution.