Are you missing out on a lot of money?

You may save a lot of money by combining your pension schemes somewhere with low costs.

The difference in costs may be significant when you have a pension scheme. And even small costs may have significant impact on the size of your savings when you retire. 

In P+ there are no shareholders who must benefit from your scheme. This means that the entire surplus is distributed to you. 

We keep your investment costs down by having external portfolio managers managing our investments. At the same time, a large part of our investments are passively managed. This means that we invest broadly in the market instead of selecting the investments ourselves. 

These approaches provide your with some of the lowest investment costs in P+.

Are costs depleting your savings?

If a 30-year-old with a monthly salary of DKK 45,000 pays just 0.1 percent extra in annual costs until retirement, it may mean that this person misses out on approx. DKK 300,000. 

If the same person pays just 0.3 percent extra in annual costs, this person will miss out on approx. DKK 900,000. 

The example is based on a 30-year-old who retires at age 70. The person earns DKK 45,000 monthly and contributes 18.07 percent of the salary to pension which corresponds to the current contribution rate applying to academics employed in the public sector. It is assumed that there is a fixed annual return of 6 percent after costs and tax. A labour market contribution of 8 percent have been deducted from the contributions, and it is assumed that 10 percent of the contributions are used for payment of the insurances included in the pension scheme.  

Combine your pensions somewhere with low costs

If you are one the many Danes who have pension schemes several places, you should consider to combine them in one place. Especially if you have a pension scheme in a bank or in one of the commercial pension companies where the costs typically are higher than in P+. 

Below, you can see a comparison of the the total costs in P+ and the 5 commercial pension companies.  

Gain an overview and move on 

In Min pension you can gain an overview of whether you have several your pension schemes that you can benefit from combining. 

If you have questions, our pension advisors are ready to help you assess whether you will benefit from combining your pensions. We do not charge any fees if you transfer your savings to P+. And if it proves to be an advantage for you to combine your savings in P+, we will handle the paperwork. 

You can call our Membership Services on +45 38 18 87 00.