Income plan - Information on the income of pensioners

Salary

Salary from employer, calculated remuneration, contractor payments, other income from business operations and maternity leave.

Foreign salaries must also be shown on the income statement.

Allowances and grants

This applies to daily allowance, car allowance or vehicle allowance.

Remember to record deductions against grants.

Premium

Contributions to a special fund and a pension fund.

All capital income is the joint property of the couple and cohabitants. You enter the total amount for both of you before tax. Only half is included in the calculation.

Sales profit

This can for example be the sale of shares or stocks.

Rental income

Rental income from residential property, holiday homes and other rental income.

Interest and dividends

This applies to interest and compensation on deposits in banks and securities. Interest and compensation on foreign deposits must also be recorded.

Bank balance does not affect your rights.

Pension funds

All payments from the pension fund must be stated in the income plan.

It is good to anticipate index increases and plan more for pension fund payments rather than less.

Pension insurance companies

Withdrawals from foreign pension insurance companies such as Allianz or Bayern must be stated in the income plan.

It is good to anticipate index increases and plan more for pension fund payments rather than less.

Spouse pension

If you receive a spouse's pension after the death of your spouse, it must be stated in the income statement.

Additional pension savings

Additional pension savings are savings where you pay 2% or 4% of your salary and the employer contributes 2% in return.

If you withdraw additional pension savings, it will affect:

• additional payments to people with limited old-age pension rights,

• subsistence allowance, to which rehabilitation and disability pensioners may be entitled to.

Withdrawal of additional pension savings does not affect the pensioner's basic pension.

Private property - private property savings

The private property part of compulsory savings that you inherit must be registered.

If you inherit private property, it affects:

• additional payments to people with limited pension rights,

• subsistence allowance, to which rehabilitation and disability pensioners may be entitled to.

Foreign pension funds

If you receive payments from a foreign work-related pension fund, the amount must be recorded in the currency in which it is paid, along with the name of the organization that paying.

You need to send information about the payments to the . For example, a copy of a payment slip..

Foreign state pension

If you receive a state pension from a foreign social security institution, the amount must be registered in the currency in which it is paid, along with the name of the institution paying.

This could, for example, be from:

• Denmark: Udbetaling Danmark

• Norway: NAV

• Sweden: Pensionsmyndigheten og Försäkringskassan

• Finland:

• Faroe Islands: Almannaverkið

• Greenland:

• Poland: ZUS

• Germany: DRV

• USA: SSA

• Spain:

Grants and social assistance

This applies to scholarships, grants for studies or science, maternity/paternity grants and social assistance.

Remember to register deductions against grants.

Other payments

Other taxable income such as payments or compensation from an insurance company or trade union.