The National Insurance contribution is 5.1 per cent for all pension income and 8,2 per cent for disability benefit and disability pension.
The maximum tax deduction is NOK 29,880.
The tax allowance is tapered by:
15.3 per cent of pension income which exceeds the threshold in stage 1 – NOK 184,800
6.0 per cent of pension income which exceeds the threshold in stage 2 – NOK 278,950
The tax allowance ceases to apply once the pension is NOK 536,859 or more.
Gradation rate: 55 per cent
Tax-free net income
Single person: NOK 139,400
Married couple – each spouse: NOK 128,150
Married couple – combined: NOK 256,300
Rate: 1.5 per cent
Threshold: Married couple – each spouse: NOK 100,000
Threshold: Married couple combined/single person: NOK 200,000
Tax deduction card
If you are going to draw a full pension or both work and draw pension, you should consider amending your tax deduction card.