I'm soon going to be a pensioner. What do I need to know about the transition from employee to pensioner? The taxation rate for wage income and pension income is different. Changes in your income will thus affect the tax. You must report income changes in order for the tax to be correctly calculated. Here you can amend your tax deduction card. Disability benefits will be taxed in the same way as wage income. Read more about tax and disability benefits here. A number of other benefits will be tax as pension income.