Defined contribution pension
A good defined contribution pension is a form of security for your employees and ensures that your company is competitive when recruiting in the future.
How to transfer your pension from another bank
Do you have a pension agreement with another bank? Banking and pension are closely linked. If you transfer your pension to us, you’ll get a full overview through the internet bank.
Send us an authorisation so we can obtain information about your current pension agreement and give you a non-binding offer.
Get started with pension saving
All companies with at least one employee are required to establish a pension agreement for their employees. A defined contribution pension scheme for businesses provides a simple way to ensure statutory saving. The scheme also gives the company the right to a tax deduction.
In DNB, your defind contribution pension will be managed safely, sustainably and responsibly in Norway’s largest pension management environment.
DNB explains defined-contribution pensions
How does a defined contribution pension work?
With a defined contribution pension scheme, you define an annual contribution, for example 2 per cent of the salary of all employees covered by the pension scheme. You can choose contributions of between 2 per cent and 7 per cent of salaries up to 12G (G stands for the National Insurance basic amount). In addition, extra deposits of up to 25.1 per cent can be made if the employee has a salary between 7.1–12G.
Choice of investment
When a pension agreement is first entered into, you as the owner of the company will choose the pension profile. The employee can then easily change their pension profile using the internet bank.
We make pensions easier for your business and your employees
Employees need different information in different phases of life. We will therefore send your employees regular emails telling them what they need to know as a member of a pension scheme. We call this the Pension Journey.
FAQ about defined-contribution pensions
The National Insurance basic amount (G) as of 1 May 2021 is NOK 106 399.
Defined contribution pension consists of two parts:
Monthly savings for future pension for each individual employee. The company itself decides how much to save, but the minimum is 2 per cent of each employee's salary between 1 and 12 G. The chosen savings percentage shall apply to all employees, regardless of salary, position and seniority.
An insurance that covers future monthly payment for employees who are declared disabled.
No, the owner of the business can choose not to join the scheme.
When it is to be decided whether the company is to buy a compulsory occupational pension, the owner / self-employed person must nevertheless be included in the number and in his / her employment percentage.
When the pension scheme is purchased, the owner / self-employed person can still choose not to join the scheme.
Each individual employee receives their own pension account in DNB. The deposits are invested in our recommended 'My Pension Profile', with the opportunity for the employee to choose a more offensive or cautious pension profile.
In 'My Pension Profile', the share of equities is high at a young age, and gradually decreases as you get older.
Retirement journey - We help your employees
A good pension scheme is important for the employees, and the Pension Journey is a perfect way to make it visible. Many of the employees do not know what pension scheme they have and how much is saved for their future. At the same time, Pensjonsreisen will relieve too many questions.
All companies that have a defined contribution pension with us receive the Pension Journey automatically and completely free of charge. The concept is under continuous development.
Our pension products
Defined contribution pension
Statutory savings made easy
Defined contribution pension and occupational injury insurance
Package covering the statutory requirements
Ensures payment in the event of long-term illness or disability
Give managers and key staff the pension they deserve
Pension for those who are self-employed
Ensure saving towards your pension