You may set up a capital pension scheme up to 15 years after you have reached your early retirement age. It can be set up by you or by your employer. From 2013 we can no longer recommend deposit payments to capital pension.
Capital pension scheme – disbursement
A capital pension will be disbursed as a lump sum or in instalments. This means that you decide how to use your savings. It may be disbursed from the date when you reach your early retirement age. Or you may choose to have the amount disbursed at a later time, but no more than 15 years after you reach early retirement age. Disbursements are subject to a 40% government tax.
Flexible savings if you change your mind
If at some point you realise that you prefer to have your savings disbursed on a regular basis for as long as you live, you can easily change your capital pension scheme into an annuity pension scheme, a terminable annuity scheme or a life annuity scheme.
Financial protection for you and your family
You may link personal insurance policies to a capital pension to ensure that you and your family are protected during the savings period, for example, in the event of your death or if you become unable to work.
Get advice
The amount you pay should always match your life and your financial situation to ensure that you have the best possible savings solution. Call us on +45 70 123 456 or book a meeting with an adviser: we will examine your personal situation and give you an overview of when you can set up a capital pension scheme and the maximum amount you may contribute every year.