Pensions

Your pension is the money you will live on in the future. Learn more and see which steps you can take to affect your future salary.

Select pensionprofile

Your pensionsavings

Your pension calculator

Save for a pension in individual pension savings (IPS)

Own pensionaccount

Start withdrawing your pension

Summary of your pension

Full overview of your pension in the Spare app

Download the Spare app

What is a pension?

Your pension is the money you will live on when you retire. The National Insurance Scheme contributes one part, your employer contributes one part, and the final part is your own savings.

When can you withdraw your retirement pension?
You can withdraw all or parts of the pension while you are still working, but not before the age of 62. Normal retirement age in Norway is 67 years. If you want to draw a pension earlier, it’s important to have good pension savings.

How can you influence your pension?

Select the proportion of equities that suits you best
Get an overview of your expected pension using the pension calculator
Start saving yourself, the earlier the better

Pension savings are long-term savings that will stay in place for many years. The most important thing is to get started. Find the savings method that is best for you

Read about saving for a pension

See how much you will get as a pension

By logging in to the pension calculator, you’ll get a full overview of your pension. The overview includes figures from the National Insurance Scheme and all the places you have worked in the private sector.

Try out the pension calculator

Pensjonskonto Flex

Pensjonskonto Flex gives you access to a wide selection of pension profiles and competitive mutual funds. You’ll get good advice from our pension experts and an overview of your pension in the Spare app.

Does your employer have another pension provider, but you want to move your pension account to DNB? If you choose to move, you will get a pension account that we’ve decided to call Pensjonskonto Flex.

About Pensjonskonto Flex

Pensions FAQs

An occupational pension is the pension that you receive through your employer. There are three types: Defined-benefit pension, defined-contribution pension and hybrid pension.

Historically, the defined-benefit pension has been the most common scheme. Employees receive a pension that is often lifelong, based on their final salary.

With defined-contribution pension your employer saves a percentage of your salary every year towards your pension. The money is transferred to your pension account. What you eventually receive as a pension is determined by how much the employer has set aside for you and what return you have received on the savings. The size of your annual pension will depend on how many years the payments will be distributed over.

Hybrid pension is a combination of a defined-benefit pension and a defined-contribution pension. The employer saves in the same way as with a defined-contribution pension, and the disbursements can be lifelong.

Retirement pension from the National Insurance Scheme is the pension that the state saves you. For each year you work, 18.1 per cent of the salary is saved to your pension assets. Salaries above 7.1 G do not produce any earnings.

You can withdraw all or parts of the pension while you are still working, but not before the age of 62. This assumes that you have earned enough pension in the National Insurance Scheme. You’ll find information about this on NAV.

G is the abbreviation for the National Insurance basic amount. As of 1 May 2022, 1 G corresponds to NOK 111,477.