[Changes to your job situation] Working abroad P+, Pensionskassen for Akademikere

Working abroad

If you continue to pay tax in Denmark, your pension scheme can continue unchanged. If you become tax resident abroad, you must decide what should happen to your pension scheme while you are abroad. Contact us for advice on the options.

Tax resident in Denmark

If you continue to pay tax in Denmark, there will be no change to your pension scheme. You or your employer can continue paying contributions to your pension scheme as before.

Not tax resident in Denmark

Before moving abroad, we recommend that you:

acquaint yourself with the tax rules in the country where you will be working
contact us to discuss which pension arrangement is most suitable for you during your time abroad.

You have 2 options:

You can pause payment of contribution, but maintain your insurance covers while you are abroad. We will deduct the costs for maintaining the insurance covers from your savings.

When you become tax-resident in Denmark again, you or your employer can make additional contributions to compensate for the period that the contributions were paused.
You can set up a pension scheme for the purpose of your time abroad. It resembles your existing scheme, exept that contributions are not tax-deductible. On the contrary, the pension benefits are tax-free when you retire.

When you return to Denmark

When you return to Denmark, you must contact us. Together, we can review your pension arrangement and advise you on the tax options available in relations with your pension savings in P+.

If you were exempt from Danish pension return tax while living abroad, remember to notify both the Danish Tax Agency and P+ when you become tax resident in Denmark again.