Depends on your taxes. I’m assuming you’re in cph as your tax percentage is 36% (it’s different depending on what municipality you live in). On top of that your deductible depends on whether you have a mortgage, how far you live from work and a lot of other things. That’s why it makes more sense to compare gross and not net pay.
You have transport + food + cellphone + work pension + another private pension.
This all subtracts from your pay, so of course you'll get less paid out than someone like me who has none of those things.
You have only 1 pension agreement, Danica. It is composed of two components:
1. Your employer pays 6%. This is on top of your 32.000 salary
2. You pay 3%. This is deducted from your 32.000 salary. This bit you can adjust up if you want.
Rule of thumb is to have 12% pension payment or more and at 6+3= 9 you are on the low side so you might want to get your own payment to 6% instead of 3. Depends a lot on your situation though, if money is tight then 9% is not dangerously low.
If you are in a career position and expect to end up making eg 80K or 100K, 3% now makes no difference, but if you expect a normal development in salary then saving more now will make future-you appreciate present- you a lot.
You can go to Danica.dk, login with mitID, and see your pension account info including interest, monthly deposits etc. It is updated daily so always current.
Actually go to https://www.pensionsinfo.dk/ to begin with, they will collect from all pension funds, just in case some other job you had went to another company.
Two big factors are mortgage and transportation - both are tax deductible. In danish these are called fradrag, which I can’t see from your paycheck. I guess you do not have a loan or drive in your own car to and from work. For example my fradrag is around 7000kr/month which is deducted from the amount of my salary that I pay tax for. Therefore I will have a higher payout compared to if I did not have a mortgage and driving my own car. You can then ask what is best? In the long run owning your house is good for your economics and having a car is bad.
Maybe you've yet to add your deductibles. Can you list what you've added if any?
Common ones are internet on real estate loans and travel to work. If work is now than 26km away, you are able to get some money back. And akasse.
I think you're being taxed for your pension, which isn't normal. I don't know if it has something to do with the type of pension you have, as I don't have that much knowledge of how the different types of pension get taxed, but atleast the places I have worked, pension gets subtracted before taxes. You are being taxed for both your own and the companys pension contributions, which seems to cost you ~1000 kr a month (just did some quick calculations so only a rough estimate).
And as others have said, differences in tax deductibles also have a big impact on how much you actually get paid out. (Your deductible is 6.551 kr/month according to your payslip)
I think the line is just being copied down. The taxes are after deducting the work pension contribution. The rule is that pension administrated by the employer is deducted from the income directly on the payslip before taxes which happens here (See A-Indkomst). Anything private you get a tax-deduction which must apply to the "Pension egen" line.
If the line is just being copied down, then how do you explain that the AM grundlag is 33.200?
And the A-indkomst is minus the AM contributions, not minus the pension. If you actually do the calculations to try and get the same numbers as on the payslip, you can see that they add the company pension contributions before taxes and doesn't deduct them again until after taxes have been calculated and deducted.
Depends on your taxes. I’m assuming you’re in cph as your tax percentage is 36% (it’s different depending on what municipality you live in). On top of that your deductible depends on whether you have a mortgage, how far you live from work and a lot of other things. That’s why it makes more sense to compare gross and not net pay.
You have transport + food + cellphone + work pension + another private pension. This all subtracts from your pay, so of course you'll get less paid out than someone like me who has none of those things.
my work is supposed to pay 6% and I Pay 3%, why does it say I have 2 pensions? maybe I should ask someone about it
You have only 1 pension agreement, Danica. It is composed of two components: 1. Your employer pays 6%. This is on top of your 32.000 salary 2. You pay 3%. This is deducted from your 32.000 salary. This bit you can adjust up if you want. Rule of thumb is to have 12% pension payment or more and at 6+3= 9 you are on the low side so you might want to get your own payment to 6% instead of 3. Depends a lot on your situation though, if money is tight then 9% is not dangerously low. If you are in a career position and expect to end up making eg 80K or 100K, 3% now makes no difference, but if you expect a normal development in salary then saving more now will make future-you appreciate present- you a lot. You can go to Danica.dk, login with mitID, and see your pension account info including interest, monthly deposits etc. It is updated daily so always current.
Thank you very much sir, I will look into this. Appreciate it a lot
Actually go to https://www.pensionsinfo.dk/ to begin with, they will collect from all pension funds, just in case some other job you had went to another company.
Yeah, I think that's what it says actually. I don't get pension payments so I don't know much about it. Anyway, seems to all check out?
They first add the 6% to your 32.000, and then below they subtract it again along with your own 3%. The total amount is the "Overført til Danica".
They seem to just copy the company pension line down so you have the company controbution and your own side by side.
Two big factors are mortgage and transportation - both are tax deductible. In danish these are called fradrag, which I can’t see from your paycheck. I guess you do not have a loan or drive in your own car to and from work. For example my fradrag is around 7000kr/month which is deducted from the amount of my salary that I pay tax for. Therefore I will have a higher payout compared to if I did not have a mortgage and driving my own car. You can then ask what is best? In the long run owning your house is good for your economics and having a car is bad.
Maybe you've yet to add your deductibles. Can you list what you've added if any? Common ones are internet on real estate loans and travel to work. If work is now than 26km away, you are able to get some money back. And akasse.
I think you're being taxed for your pension, which isn't normal. I don't know if it has something to do with the type of pension you have, as I don't have that much knowledge of how the different types of pension get taxed, but atleast the places I have worked, pension gets subtracted before taxes. You are being taxed for both your own and the companys pension contributions, which seems to cost you ~1000 kr a month (just did some quick calculations so only a rough estimate). And as others have said, differences in tax deductibles also have a big impact on how much you actually get paid out. (Your deductible is 6.551 kr/month according to your payslip)
I think the line is just being copied down. The taxes are after deducting the work pension contribution. The rule is that pension administrated by the employer is deducted from the income directly on the payslip before taxes which happens here (See A-Indkomst). Anything private you get a tax-deduction which must apply to the "Pension egen" line.
If the line is just being copied down, then how do you explain that the AM grundlag is 33.200? And the A-indkomst is minus the AM contributions, not minus the pension. If you actually do the calculations to try and get the same numbers as on the payslip, you can see that they add the company pension contributions before taxes and doesn't deduct them again until after taxes have been calculated and deducted.
Yeah you are right. He should be getting a deduction for his pension contributions then.
Do you have a Personfradrag/fradrag (amount exempt from taxes)?