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Savings

Compound interest, children's savings and pension planning

๐Ÿ‘ถ Children's Savings Calculator Plan savings for your child's future. See how monthly deposits grow over 18 years with compound interest in a year-by-year projection. ๐ŸŽฏ Income for Lifestyle Calculator Calculate the gross income you need to afford your desired lifestyle, accounting for taxes and savings goals. ๐Ÿ’ฐ Savings Calculator Calculate how your savings grow over time with regular monthly deposits and compound interest. See a year-by-year projection table. ๐Ÿ–๏ธ Pension Savings Calculator Project your pension savings growth from now until retirement. See how monthly contributions and compound interest build your retirement fund year by year. ๐Ÿ“ˆ Compound Interest Calculator See the power of compound interest over time. Watch your initial investment grow year by year as interest earns interest.

Calculate your savings and investments in Denmark

Our savings calculators help you plan your financial future. Calculate compound interest, see how your savings grow over time, and plan your pension with the latest Danish rates and rules.

Compound interest - let your money grow

Compound interest is one of the most powerful mechanisms in savings and investing. When you reinvest your returns, your wealth grows exponentially over time. Even small monthly deposits can grow to significant amounts over 10-20 years. Use our calculator to see how much your money can grow.

Children's savings in Denmark

A children's savings account (bรธrneopsparing) is a tax-free savings account for children under 21. You can deposit up to 6,000 DKK per year, and returns are tax-free up to a certain amount. It is a popular way to save for a child's future, and several banks offer special terms for children's savings.

Pension planning

In Denmark, the pension system consists of state pension, occupational pension and private pension. Your pension savings are affected by contributions, returns and taxation. Rate pension, annuity and age savings have different tax advantages. Use our pension calculator to see what you can expect to receive.

Investments and the impact of fees

Fees can have a significant impact on your long-term returns. Even a 0.5% difference in annual costs can mean hundreds of thousands of DKK over a 30-year savings period. Our calculators help you see the real effect of fees on your savings.

Frequently Asked Questions

What is compound interest and how does it work?

Compound interest means you earn interest not only on your deposit, but also on interest already credited. Over time, growth accelerates as interest is calculated on an ever-larger sum. For example, 100,000 DKK at 5% annual interest grows to approximately 265,000 DKK after 20 years with compound interest.

How much can I deposit into a children's savings account?

You can deposit up to 6,000 DKK per year in a children's savings account. The total deposit limit over the entire savings period is 72,000 DKK. Returns are tax-free up to a certain amount, and the account can be opened from the child's birth until age 14.

What is the difference between rate pension, annuity and age savings?

Rate pension is paid over 10-30 years and taxed as personal income at withdrawal. Contributions are tax-deductible. Annuity is paid for life and also taxed as personal income. Age savings offer no deduction on contributions, but withdrawals are tax-free. However, a 15.3% inventory tax on returns is paid annually.

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