Boost your pension with extra contributions
Boost your pension with extra contributions
Below, you can see some of the benefits of making an extra contribution to your pension scheme.
Do you want to save extra?
If you’d like to add some extra funds to your pension over time and potentially benefit from tax relief, we’re here to help. Select whether you have a personal or workplace pension, and we’ll guide you through the next steps.
Any questions? We’re just a phone call away.
Do you have a pension through your job?
Corporate pension scheme
- If you have a company pension scheme, you should contact your HR or payroll officer and ask them to increase the contribution to your pension scheme via your salary.
- Are you paid in arrears? The contribution must be made along with the December salary payment at the latest, if you want to take advantage of tax relief for the current tax year.
- Are you paid in advance? The contribution must be made no later than before the December salary is run, if you want to benefit from the tax relief this year.
- If you start earlier in the year, you have the option to spread the additional contribution over several payroll runs, so the deduction from your salary is not as large as it would be if the full amount were taken in a single month.
- Contact your payroll officer three to four weeks before your salary is paid.
Du you have a private pension scheme?
Private pension savings
- You can use our digital solution to quickly and easily make extra contributions to your existing private pension scheme at Velliv.
- Once logged in, select the agreement you want to contribute to.
- You can make additional contributions to your pension scheme whenever you like, and several times throughout the year. If you want to benefit from the tax deduction this year, it’s a good idea to make the contribution no later than around Christmas.
- The potential tax relief will be clearly displayed. You can see how much you have saved up by logging in or using our app.
Benefits of boosting your savings
Save enough for your pension
At Velliv, we recommend that you save up to seven years’ worth of salary towards your pension. If you’re unsure whether you’re following our recommendations and are adequately covered, please feel free to contact us. You can also sign up for Good Advice (Gode Råd), newsletters, ongoing updates and recommendations.
Tax benefits
If you pay top-bracket tax, it may be beneficial from a tax perspective to contribute extra to your pension savings.
Bonus from Velliv Foreningen
Velliv is an independent 100 per cent customer-owned company. As a customer, you’re automatically a member of Velliv Foreningen and therefore co-owner of Velliv. Each year, the association typically distributes 80 per cent of the surplus back to its members as a cash bonus. The remaining 20 per cent of the surplus is used by the association to support projects that promote Danish mental well-being.*
*Reason for bonus payment
The bonus from Velliv Foreningen is a cash bonus paid to you and your colleagues, which will be deposited into your NemKonto account. Read more about the reasoning behind the bonus distribution.
Tax relief on voluntary pension contributions
You can obtain tax relief if you contribute more to your annuity certain or whole-life annuity schemes.
On your annuity certain scheme, you can get a deduction of up to DKK 65,500 (2025) per year . You have the option to contribute more and still receive fill tax relief, as the excess amount will automatically be transferred to a whole-life annuity scheme. If your pension scheme is administered through your employer, you can contribute any amount you want with tax relief. If it’s a private pension scheme, there are special rules that apply. You can find more information about these rules here.
There is no tax relief for contributions to savings schemes where the disbursement is tax free.
You can also have a tax-free agreement.
Before making a contribution
We recommend that you read about our savings products and terms and conditions of investment (in Danish only). Under each savings product, you can find information about deductions, taxation and more.
We also recommend that you take our investment guide in Mit Velliv. Here, you can get help finding the investment option that best suits your needs.
Private contributions – How to update your preliminary tax assessment
If you choose to make additional contributions to your pension, you may be eligible for an immediate tax deduction – in the same year the payment is made. To benefit from this, you need to update your preliminary tax assessment on skat.dk yourself. Otherwise, the deduction will only be applied the following year – when you receive your annual tax notice.
Below is a short guide on how to do it:
Annuity certain
Private contributions
Here's how:
- Go to skat.dk and log in using MitID
- Select “Ret forskudsopgørelsen” (Edit preliminary tax assessment)
- Locate field 416
- Enter the total amount you expect to contribute to your annuity certain scheme during the year – including both regular and additional contributions
Whole-life annuity
Private contributions
Here's how:
- Go to skat.dk and log in using MitID
- Select “Ret forskudsopgørelsen” (Edit preliminary tax assessment)
- Locate field 436
- Enter the amount you personally contribute to your whole-life annuity scheme
Old-age savings
Private contributions
Not included in the preliminary tax assessment.
According to current tax regulations, old-age savings do not qualify for a tax deduction and should therefore not be included in the preliminary tax assessment.
Contact us
Do you need assistance?
If you would like to review your pension, make changes to your savings or have other questions about your pension scheme, please contact our Customer Centre.
Our phones are open
Monday to Thursday: 8.30 – 16:00
Friday: 9:00 – 16:00