1. Log in to pensionsinfo.dk 
This gives you a comprehensive overview of your pension schemes and forecasts of your benefit payments.  

2. Contact your pension company
The rules applying to partial retirement are different and depend i.a. on whether you are employed in the public or private sector. Accordingly, you should always contact your pension company to learn about the rules applying to you.

3. Check when you can start using your pension savings
Maybe you can start having your pension savings paid at age 60 already. This depends on when the pension scheme was set up, and when you were born. If the pension scheme was set up before 1 May 2007, you can start having your pension savings paid at age 60. If it was set up between 1 May 2007 and 31 December 2017, you can start having your savings paid 5 years before your state pension age. If the pension scheme was set up after 1 January 2018, you can start having your savings paid 3 years before your state pension age.

4. Consider if your saving are sufficient 
Do your pension savings match the standard of living you want when you have retired? Do you have other savings schemes? Consider if you need to increase your savings while you can.

5. Consider the possibility of setting up a private savings scheme or invest 
Maybe you have the possibility of setting up a private savings scheme or invest besides your P+ savings scheme. If you invest your savings as so-called available capital in e.g. shares, you must pay a larger part of the gain in tax compared to your pension scheme. On the other hand, payment is more flexible as you can start using the money when you need it.

6. Check which types of pension schemes you are paying contributions to 
Are you only paying contributions to a retirement pension/life annuity, or do you also pay contributions to an annuity certain or a retirement insurance/retirement savings scheme? Different pensions schemes provide flexibilty in relation to receiving pension benefits.

7. Consider your housing situation
Your housing situation may change over time. Thus, it is a good idea to consider your expections to your housing situation as a pensioner in good time. Do you wish to stay in your current home for as long as possible and maybe use the equity in the house as an income as a pensioner? Or do you plan to move to something smaller or cheaper in order to have more money as a pensioner? 

8. Remember that the earlier you start payment of your pension benefits, the longer they must last for
Remember that your pension savings must last your entire life, and the earlier you start payment, the longer they must last for.

If you have questions about partial retirement, you are welcome to contact Membership Services