New employment-related annuities (group annuities) and annuities taken out as continuation insurance
Concerns disbursements from employment-related group annuities and as continuation insurance taken out from 1 January 2007 onwards.
Brief information about new employment-related annuities and as continuation insurance
Specify:
- disbursements from employment-related group annuities
- annuities taken out as continuation insurance on or after 1 January 2007
The benefit is taxed as capital income.
Exemption:
- You must specify employer's coverage of employment-related annuity premiums as Taxable component of certain types of insurance.
- You must specify disbursements from employment-related group annuities taken out on or after 1 January 2007 as employment-related and non employment-related pensions and employment-related annuities etc.
- You must specify disbursements from continuation insurance policies where a deduction has been granted for payments to the scheme as employment-related and non employment-related pensions and employment-related annuities etc.
The information you must provide
Amount | NOK x |
Type of salary or benefit | Cash benefit, new employment-related annuities (group annuities) and annuities taken out as continuation insurance |
Subject to withholding tax | Yes |
Basis for employer's national insurance contributions | No |
Tax and contribution rules | If relevant |
Additional information: |
|
Total amount paid | NOK x |
Amount
Specify taxable disbursement from annuities
If the annuity is not taxable, specify 0.
Type of salary or benefit
Specify “cash benefit” and “new employment-related annuities (group annuities) and annuities taken out as continuation insurance”.
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 use the following tax and contribution 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.
Additional information
- Total amount paid
Specify the total payment amount before deductions for the repayment of premiums, cash-in value of the insurance policy, etc.
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.