You pay less tax on pension income (including AFP) than on salary income. The national insurance contribution rate on pension income is 5.1 percent, while it's 7.8 percent on salary income (rate for 2024). Salary and capital income (that is interest income and income from real estate) is taxed at the same rate as for salaried employees. The minimum standard deduction for pension income is offset against the minimum standard deduction for salary income for taxpayers who combine salary and pension.

For more information about tax deductions for pension income, see Tax deductions for recipients of retirement pension from the Norwegian National Insurance Scheme or AFP.

If you have questions regarding the calculation of your pension, your pension statement and flexible drawing of your retirement pension, you must contact  NAV.