Lump-sum payment, defined contribution pension
Concerns lump-sum payments in accordance with the Act on defined contribution pensions.
Brief information about lump-sum payments, defined contribution pensions
Specify lump-sum payments pursuant to the Section 7-7 fourth paragraph of the Act on defined contribution pensions.
If the pension capital exceeds what is needed to provide a pension to dependent children and no one is entitled to a pension pursuant to Section 7-7 third paragraph of the Act on defined contribution pensions, the remaining pension capital must be paid as a lump-sum to the decedent estate; see Section 7-7 fourth paragraph of the Act on defined contribution pensions.
The payment of a lump-sum amount may also be appropriate when the deceased does not provide for children under the age of 21 or does not have a spouse, cohabitant or registered partner.
The information you must provide
| Amount | NOK x |
| Type of salary or benefit | Cash benefit, lumpsumpaymentDefinedcontributionpension |
| Subject to withholding tax | Yes |
| Basis for employer's national insurance contributions | No |
| Tax and contribution rules | - |
| Additional information | - |
Amount
Specify the gross amount.
Type of salary or benefit
Specify “cash benefit” and “lumpsumpaymentDefinedcontributionpension”.
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.
In the case of a decedent’s estate, the one-off payment is not considered to constitute personal income. The decedent’s estate will be liable to pay tax on the gross amount according to a special rate which is determined annually through the Norwegian Parliament’s decision concerning taxes; see Section 5-40 fourth paragraph of the Tax Act and Section 3-7 of the State Tax Decision. The payer must make deductions at the special rate.
Basis for employer's national insurance contributions
You do not calculate employer’s national insurance contributions on the benefit.
Tax and contribution rules
You cannot use special tax and contribution rules for this benefit.
Additional information
No additional information.
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.
Correcting errors
| 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-260 Start and end date for the back payment period must be within the same year |
| MAGNET_EDAG-298 This income has been reported with incorrect information and is invalid |
What do we use the information for
NAV uses the information in checks.
The Norwegian Tax Administration uses information concerning pension and national insurance contributions to assess income. The amount is aggregated with other benefits and transferred to the tax return.
Statistics Norway (SSB) uses the information for statistical purposes.
Applicable regulations
These regulations are only available in Norwegian.
