Payment rules | LD Fonde

You can withdraw your LD Savings without any further ado once you have turned 60.

You can have your LD Savings paid out if you have been awarded an early retirement pension under the Social Pension Act.

A copy of the decision on early retirement must be enclosed as supporting documentation. The date of the decision must be stated in the decision.

You can have your LD Savings paid out if you have been awarded a civil servant’s pension or a civil servant-equivalent pension under the rules governing personal pensions (and disability pensions) for civil servants in central government, state schools, the Church of Denmark and for local authority civil servants.

You can have your LD Savings paid out if you have been awarded a pension under the rules applicable to employees in posts covered by a pension scheme which, in essence, provides the same entitlements as a civil service pension. This may be the case for employment in private schools and in certain concessionary companies.

A copy of the decision regarding a civil servant’s pension or a civil servant-equivalent pension must be submitted as supporting documentation. The date of the decision must be stated in the decision.

You can have your LD Savings paid out if you have been awarded a state pension from an approved pension scheme set up by agreement between you and your employer, or under a collective agreement or similar arrangement with a current or former employer.

You can have your LD Savings paid out if you have been awarded a disability pension, a lump-sum disability payment or another benefit (e.g. entitlement to a premium waiver) due to a permanent loss of earning capacity of at least 50 per cent. The pension must have been granted by an approved pension scheme established by agreement between you and your employer, or set up in accordance with a collective agreement or similar arrangement with a current or former employer.

A pension scheme is approved if it falls within the scope of the Pension Taxation Act. If you are unsure whether your pension scheme is approved, your pension fund or life and pension insurance company can help you.

A copy of the decision regarding an old-age or disability pension must be enclosed as supporting documentation. The date of the decision must be stated in the decision.

You can have your LD Savings paid out if you have been awarded compensation for a loss of earning capacity of at least 50 per cent under the Occupational Injury Insurance Act or the Liability in Damages Act.

You may be entitled to a payout from your LD Savings scheme if you have been awarded compensation for a loss of earning capacity of at least 50 per cent under other legislation, where the basis for the award is essentially the same as that set out in the Occupational Injury Insurance Act. This may, for example, include compensation under the Patient Insurance Act, the Act on Compensation for Medicinal Product Injuries, the Act on Compensation for Vaccination Injuries, or the Act on Compensation for Victims of Crime.

You can have your LD Savings paid out if you are entitled to payouts from an instalment-based insurance policy, a lump-sum insurance policy, an instalment savings scheme or a pension savings scheme which, under the Pension Taxation Act, may make payouts in the event of, amongst other things, disability, provided that there is a loss of earning capacity of at least 50 per cent.

A copy of the decision regarding loss of earning capacity must be enclosed as supporting documentation. The date of the decision must be stated in the decision.

You may be entitled to a payout of your LD Savings if you have been awarded a foreign pension or compensation for loss of earning capacity of 50 per cent or more under rules that are essentially equivalent to those set out in B, C, D and E above.

A copy of the decision regarding a foreign pension or compensation must be enclosed as supporting documentation. The date of the decision must be stated in the decision.

You can withdraw your LD Savings if you have moved to Greenland or the Faroe Islands to take up permanent residence there and have lived there for at least five years. This must be a continuous and immediately preceding period of residence of at least five years.

The Faroese or Greenlandic civil register must stamp and certify the document.

You can withdraw your LD Savings if you have moved from Denmark to take up permanent residence abroad and have been living abroad for 6 months.

The payouts can be made once the Cost-of-Living Allowance Fund has received notification via the Civil Register that you have moved and that you meet the eligibility criteria.

You can withdraw your LD Savings if you are suffering from a life-threatening illness.

You must enclose a capital pension certificate relating to a life-threatening illness, signed by a doctor. The Cost-of-Living Allowance Fund does not cover the doctor’s fee for completing the certificate. However, if you already have a similar capital pension certificate that you have used for another pension scheme, we will accept this.

You can download a capital pension certificate and a list of conditions considered life-threatening here:

You can also request the certificate and the list from LD Member Service on 70 13 13 77.