A new job will often involve a change in salary. It is therefore important to check whether you are still saving up enough. It is also a good idea to check whether you and your family are sufficiently covered if you lose your earning capacity and can no longer work.
If your new job includes a pension scheme, it may be relevant to pool your schemes from previous jobs, so that you get a comprehensive overview of your pension and avoid paying too much in administrative expenses.
If your new job does not include a pension scheme, you must decide what is to happen with your existing scheme and insurance covers. You must do so within three months.
If your previous employment has ended and you do not yet know what is to happen in your working life going forward, you can find help to manage your pension scheme here. Feel free to call us on +45 70 11 25 25 for personal advice.
Worth considering about your pension scheme when changing jobs
You can make contributions to your pension scheme through your new employer. If your new scheme is not with Danica, you can continue your scheme with us by making contributions yourself. This may also be a good option if you are not comprised by a new company pension agreement.
Insurance covers under your existing pension scheme will usually continue for a period of three months after your employer has ceased to make contributions to your scheme. That is why you typically have three months to decide what is to happen with your pension scheme and your insurance covers.
Whether you decide to continue or stop contributions, we will still invest your savings.
Your pension scheme may have been set up with more attractive prices and terms than those you will get if you want to resume your insurance covers at a later date. You will keep your seniority and continue to be covered under the insurance covers you are continuing – excluding the health package. You can therefore keep your insurance covers without having to submit new health information – again excluding the health package.
If you change pension provider, you will often be subject to a waiting period, during which you will not be covered. Therefore, it may be an advantage to keep your insurance covers with us until you have ensured that you are covered by a new scheme.
If you are also a Danske Bank customer, your Danica pension scheme gives you advantages under Danske Bank’s customer programme.
Feel free to call us on +45 70 11 25 25, so that we can plan how your pension scheme is to continue.
If your new employer has a company pension agreement, you should contact your new employer’s pension provider to check whether it covers your needs and from what date you are covered by the insurance. They should advise you on your options. We recommend that you contact us if you are not covered by your new company pension agreement from the date when your new employment begins.
If your new insurance covers meet your needs, you can terminate your insurance covers with us to ensure that you are not overinsured. If your new employer does not have a company pension agreement, we are happy to help you decide what insurance covers to continue.
If your previous employment has ended and you do not yet know what is to happen in your working life going forward, you can find help to manage your pension scheme here. Feel free to call us on +45 70 11 25 25 for personal advice.
If you stop making pension contributions, your insurance covers will lapse after three months. If you want to resume your contributions at a later date, you must provide us with new health information, and your prices and terms will typically not be the same.
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