So much money you get out of it

For example, if you are 69 years of age with an annual income of around DKK 400,000 and have already saved about DKK 2 million, you can, in just one extra work year, increase your pension savings by as much as DKK 128,000.

This means that you will receive about DKK 1,200 extra in retirement monthly before the tax is deducted.

Financial benefits of waiting for pension

Helle Dalsgaard, who is the chief adviser at Sampension, explains that the benefits of getting a little longer on the job are not just about several years of pension payments.

It is also about the extra return you get on your existing savings.

« For the individual, it means several years of payments and returns – and thus a greater savings that you can enjoy as a pensioner, » she says.

Furthermore, as a pensioner, you do not have to be offset in the national pension if you continue to work.

On top of that, you can even get tax -free premiums if you choose to work a few more years after retirement.

The retirement age is rising continuously

The decision to continue an extra year on the job will be even more relevant in the future.

The parliament has decided that the retirement age should be gradually raised.

Currently, the retirement age is 67 years old, but it will continuously rise and end 70 years for everyone born after December 31, 1970.

So whether you are already approaching the retirement age or you have some years yet, it is worth considering how long you want to stay in a job – for both the economy and the quality of life.