Rates and thresholds for 2016

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.

Tax limitation

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

Wealth supplement

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