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LIFEANNUITYDB.pdf
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🔗 Source: danskebank.dk
📊 Size: 106 KB
👤 Author: Nanna Holst Borré
⬇️ Downloads: 32

Summary

A life annuity is a tax-advantaged pension scheme providing monthly income from retirement until death, available to anyone with permanent residence in Denmark, regardless of age. Contributions are tax-deductible, with no upper limit on contributions, but tax deductions have specific rules. The scheme can be established personally or through an employer, with options for waiver of premium and supplementary cover for surviving spouses or beneficiaries. Disbursement begins at early retirement age, and beneficiaries may receive benefits in installments or as a lump sum, subject to income tax and potentially inheritance tax. Investment options include Danica Balance, Danica Link, and Danica Select, with returns subject to 15.3% government tax.

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Description

A life annuity is a tax-advantaged pension scheme providing monthly income from retirement until death, available to anyone with permanent residence in...

Technical Information

  • File Format: PDF
  • File Size: 106 KB
  • Pages: 4
  • Language: EN
  • Author: Nanna Holst Borré
  • Total Downloads: 32
  • Last Updated: 7 hours ago

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