Early retirement pension supplement ("sliterordningen")
Short description of the early retirement pension supplement
Specify early retirement pension supplement (“sliterordningen”)
Early retirement pension supplement is an additional pension benefit for those who start drawing AFP at the age of 62, 63 or 64 and who do not have other employment income. To be entitled to the early retirement pension supplement, it's a condition that the applicant has been granted AFP in the private sector.
The early retirement pension supplement takes effect from 1 January 2019.
Read more about the early retirement pension supplement (only in norwegian).
The information you must provide
| Amount | x kroner |
| Type of salary or benefit | Cash benefit, early retirement pension supplement ("sliterordningen") |
| Subject to withholdning tax | yes |
| Basis for employer's national insurance contributions | no |
| Tax and contribution rules | if applicable |
| Additional information | |
| Period (in case of back payments) | Start and end dates |
Amount
Specify the gross amount.
Type of salary or benefit
Specify «cash benefit» and «early retirement pension supplement».
Subject to withholding tax
The benefit must always be specified as subject to withholding tax.
You do not deduct withholding tax if the amount to be deducted is less than the minimum thresholds for withholding tax.
Basis for employer's national insurance contributions
You do not calculate employer’s national insurance contributions on the benefit.
Tax and contribution rules
If the income recipient fulfils the conditions, you must apply the tax and duty rules:
This tax and contribution rule concerns:
- income recipients who are covered by the Svalbard Tax Act.
If the income recipient fulfils the relevant conditions, you must specify “Svalbard” for salary and other benefits.
You must also specify "Svalbard" for the associated withholding tax.
See detailed information on withholding tax in the a-melding
Remember also to specify the correct deduction descriptions for Svalbard regarding trade union fees, premium for pension scheme, National Insurance premiums and education and development fund premiums and portacabin rent.
This tax and contribution rule concerns income recipients who:
- are not resident in Norway for tax purposes, and
- pay withholding tax on pensions
You must specify “withholding tax on pensions” for the associated withholding tax.
Don't use the tax- and contribution rule or specify a description on withholding tax on pensions on foreign workers that fall under the PAYE scheme (Pay As You Earn).
See detailed information on withholding tax in the a-melding
See also the detailed information concerning withholding tax on pensions
Additional information
- Period (in the case of back payments)
Specify the start date and end date that the benefit concerns
Earnings period (voluntary)
You can specify the earnings period for all types of salary and other benefits in the a-melding. Both the start date and the end date of the earnings period must fall within the same reporting month.
See also the explanatory information concerning the earnings period
When to report
Report the benefit in the calendar month in which you paid the amount.
Back payment
When making back payments, you must specify the amount and the period it concerns in the calendar month in which you paid the amount.
Example
A pension company is to make a back payment of NOK 10,000 to William for the period 1 January 2015 to 31 December 2015.
| Amount | 10 000 kroner |
Additional information |
|
| Period | 1. januar 2015 til 31. desember 2015 |
They also enter other mandatory information.
Several income years
If the back payment concerns several income years, split the amount into one transaction per income year.
Example
A pension company is to make a back payment of NOK 20,000 to Ella for the period 1 January 2015 to 31 December 2016.
| 2015 | |
| Amount | 10 000 kroner |
Additional information: |
|
| Period | 1. januar 2015 til 31. desember 2015 |
They also enter other mandatory information.
| 2016 | |
| Amount | 10 000 kroner |
Additional information: |
|
| Period | 1. januar 2016 til 31. desember 2016 |
They also enter other mandatory information.
| MAGNET_EDAG-114 Invalid value |
| MAGNET_EDAG-114B Invalid value for this calendar month |
| MAGNET_EDAG-200 This income has been reported with incorrect information and is invalid |
| MAGNET_EDAG-230B Invalid value |
| MAGNET_EDAG-243 Information on earnings period is invalid |
| MAGNET_EDAG-248 Illogical periode |
| MAGNET_EDAG-260 Start and end date for the back payment periode must be within the same year |
| MAGNET_EDAG-298 This income has been reported with incorrect information and is invalid |
How do we use the information?
The Norwegian Tax Administration uses information on pension and other remunerations to determine income. The amount is summed up with other remunerations and is transferred to the tax return.
Statistics Norway (SSB) uses the information in the preparation of statistics.
