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Maximum annual deduction for payments to an individual pension scheme

You can claim a deduction from general income for payments to individual pension schemes (IPS).


The maximum amount covers the premium, contributions and administration expenses. The maximum amount also concerns payments to any linked insurance policies that give entitlement to a disability pension, survivor's pension for a spouse, registered partner or cohabiting partner and children's pension.

To be entitled to a deduction, the payment must have been made before the end of the income year.

Maximum annual deduction for payments
to an individual pension scheme (old IPS)
NOK 15,000
Maximum annual deduction for payments
to tax favoured individual pension savings scheme
NOK 15,000
Maximum annual deduction for payments
to both schemes
NOK 15,000