Combine your pensions and save several thousand kroner

Have you ever changed jobs? Or might you change jobs in the future?

If so, like most Danes, you will change jobs more than five times during your working life. And if you have an occupational pension scheme, this may mean that you have pensions with different pension companies.

There is nothing wrong with this in principle.

You can easily have pensions with several companies, but this will cost you a lot of money over time because your pension savings will be eroded by administration fees and charges. Not to mention the return that you might be missing out on.

It may therefore be an advantage to combine your pensions in one place if you want to have a larger pension savings pot.

Four advantages of combining your pension at AP Pension

1. Save administrative fees and charges with several pension companies, and achieve a larger pension savings pot over time
2. Get a better overview of your pension and how you invest it
3. Get special customer benefits, e.g. AP Loyalty Bonus and AP Bæredygtig
4. Get the opportunity to retain any right to earlier payout. This is agreed with AP Pension.

There may be reasons why it is not a good idea to combine your pensions in individual cases.

Our advisers will guide you safely through these considerations if you request combination of your pensions at AP Pension. So there's no need to worry about what you should or shouldn't move.  

How much you can boost your savings by combining your pension now

Are you curious about how much money you actually lose by having pensions with several pension companies?

If you have pensions in more than one place, you may lose several thousand kroner over the long term, which could have been in your pension savings pot.

Let’s take an example.

If you are in your late 30s and have 30 years left in the labor market, and have two pensions with other companies, you can increase your pension savings by more than DKK 110,000 over time by combining these pensions.  

Combining your pensions at AP Pension in connection with a job change is free. However, you will pay a small amount to the company you are leaving, generally up to DKK 2,000.

How to combine your pensions at AP Pension

As a customer of AP Pension, you can quickly and easily request the combination of pensions via Min Pension. We ensure that you only transfer pensions when combination is beneficial to you.

All you have to do is follow the simple guide. We’ll take care of the rest.

1. Click “Combine my pensions at AP Pension”
2. Get pension info (if you have not already done so)
3. See an overview of your pension schemes
4. Click “Combine pensions”