👋 I make videos about life and money in Denmark, high performance/productivity plus a bit about my travels to 140+ different countries 🇩🇰🤖🗺️.
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Mul on kogu see kolme keele rääkimine ees kui esimene laps sünnib ja väga huvitav on teie teekonda kuulata! Tublid olete et nii hästi keeled on selgeks saadud! 😊
The video is incomplete, it would have been greatly informative, specially to foreigners, to talk about the 53A pension scheme in alternative to the regular work pension scheme. The 53A demands you to pay 40% or whatever tax bracket you are in a monthly basis, even by not having the money (it goes directly to the investment funds as the regular pension). If not declared to skat the year before, get ready for paying it during tax return calculations. This pension allows people to cash it out 100% of the value at once and without paying any further tax even in the case one loses the job, and before retirement age. Staying or leaving Denmark it doesnt matter. This pension is highly recommended to expats who do not want to retire in Denmark. In the regular pension scheme, you will only get paid back after retirement age (without never paying taxes on it) and throughout a minimum of 10 years, even if you have few on the account by just having worked in Denmark a few years. Even if you move out the country, you most likely will not be entitle to exceptions and will need to wait age or pay the 60% penalty. Any worker can always change back and forth between regular and 53A scheme, no fee for that as far as I know, talk with your work pension company (mine is PFA). To me, the 53A is a type of security in case losing a job, for instance. It is also a way to provide a great new start if I need to leave Denmark and start new on another. The investment funds are the same regardless of pension type, and you can chose your own risk for the investment (A to E, from high to low). If you plan to or already are in Denmark for a long time and approaching retirement age, it totally worth to be/move to the regular pension since you dont pay taxes on it. As I am opened to work in Denmark for as long as I can, my choice is the 53A pension for the first 10-15y and switch to the regular pension later on... Hope that hlps a few!
Is it difficult to adjust if you only know english, or while seeking a job?
Hey Mario, moving pension accounts between countries, even within EU, is not possible. Unfortunatelly.
Thanks Mario, still complicated though 😁
du glemmer at fortælle at man også har atp , samt hvis man bor til leje får en stor del af huslejen betalt , samt andre ting som fp
Hey mario, if you have investments in another country moving to denmark, do you still need to pay taxes from those investments?
Mario, you forgot to mention about ATP Livslang Pension. It based on the number of hours you work, for full time job you contribute 99 dkk every month, which is 1/3, and your employer contributes around 200kr.
Bro huge thanks to your channel. I feel like I have a "how to survive in Denmark" starter pack when I open your channel. Keep it up.
I would ask you not to make more of this kind of videos about Denmark when you clearly stat you can not live in the country site of Denmark cuz as you put it. "Its boring" Then you dont know anything about Denmark in the sense of living here but have only got your view from the city site you allready known from the start. Btw im not telling you im asking you.
Thanks for video. 2 questions: 1. Taxation of payouts in retirement is only happening on the principal, not on gains anymore, isn’t it? Otherwise isn’t it a double taxation? I.e would they tax you 42% on unrealized gains and then another 40% on a payout? 2. What about early retirement? If I happen to have 20million kroner in my pension account, do I have to wait/work until 67? I have no chance of enjoying those millions when I am over 70 but if I retire at 60, then perhaps I have some life in me still 😂
For some of the examples shown, theres is also being transfered some money (before taxes) to pensions. To be fair, when comparing payslip A vs. B, you will have to add this amount - or at least mention it - whan talking about how much many the person will have "in hand". People not having some of their salery transfered to pensions will either have to somehow finance this them selfs, eg. by investments etc, or having nothing except the "folkepension etc" when the leave their worklife.
what are the chances of getting scammed when renting a place in copenhagen??
One thing I suggest for any expat is to be under pensions scheme 53A, which allows payment of pension when leaving the country without the 60% penalty. The downside is that you pay taxes to the pension contribution each month and that no deductions apply to this plan (still miles beneficial vs. potentially given away 60% to the Danish state)
Can you also take the 53A immediately when staying in Denmark? And what about taking leaving it in Denmark when going abroad?
Ha-ha in a sad way 😢 As a Dane living abroad and having worked and paid full tax half my career in other countries - (almost 26 years in DK before I left) , I was suddenly (a few years ago) contacted by no less than 3 other countries, spread over 2 different continents,- letting me know that when I retire, the only 2 things I need to be 100% sure to get out of Europe, is myself and, to make sure. I bring all my documents proving I have worked in this little death camp and, they will make sure get MY pénsíon out from there on my behalf - all of it! This was an extremely nice gesture and I will awsik of their offer but, this contact from these 3 Countries sadly - again and, not surprising, proves us all right in knowing the horrible "administration" in this sad old place, is doing everything in their power, to pay anything to us.. OUR money (forced "savings")... I love the countries, eager to get the money out from there for me but, not the point here. I only wonder, how many Danish people these Danish "administration-psycho's manage to destroy completely this way..... destroy until and after, they pass away 😰?? Moving away from súch a (nazi-) regime, is clearly meant to become a nightmare and, for many, a direct HELL 😰!! All this said, let me hereby *, yell to all other Danes abrosd(the few still alive), that, as Denmark clearly, find it "funny" to abuse all laws in order to destroy the lives of us all - still and, you have to find yourselves some real. Lawyers, to help you get all. your belongings, including you lives, OUT of there before it's too late as, these subjects simply steal as the ravens they are and, always were and will stay. NO. real laws in place there, this being national and International laws 😰😰😰
@@SMuld You should choose it immediately when starting receiving pension contributions from your company. Not 100% sure but I think you can leave it in the pension found when you leave.
Hi Mario, for the unrealized taxes on investment gains I believe you pay directly to SKAT, meaning you don't need to add more money to the pension or sell (you can't sell) to pay for it. That's only applicable to the ASK account.
What happening to having your winter break abroad when you have school kids ? Can they take holidays during school year ?
Qué bueno que descubrí tu canal y que hablo inglés, ya no quedaban youtubers en Dinamarca que no haya visto 😂
About live in small towns... I wonder how people from Novo Nordisk live in that small town Kalungborg... I guess many educated slaves from South Asia...
I heard there are building an international school over there
I don't see a problem with the alcohol (danish dude)
Sure
Thanks you 🙏
☝️👏✊😉😁
Does CBS offers ACCA course ?
No idea
another top tip: buy second hand in charity shops.. start there, and se if the have what you need.
top tip: find a job in the country side, and live close to the job. most places need all kinds of skilled labour. and we have cheap housing and lower cost of living.
Really helpful thanks! 👍🏻
Noooo how is it possible that you pay even if you dont sell?
I know it's wild
Mario, where you from?
Argentina
Investing in Denmark: just invest in yourself. It’s fax free 😅
Right in time for me :D Moving from Belgium to Denmark soon. Belgium has even higher (the highest in the world actually) income tax than denmark.. and lower salaries. This is offset by negligible investment taxes (no capital gains, dividends 0% below 980eur/y and 30% above that) But that's useless if you're a fresh graduate with little savings and only beneficial to those already wealthy. denmarks system makes more sense to me. Lower (still high) income tax, offset by higher investment taxes
You are not considering that Denmark could change the tax law and introduce taxation on those capital gains. The world is changing.
I rather have taxation on those gains and then removal of the insanely high property taxes that are justified per us not having capital gains
Just turned 18 in America. Have been disgusted by the corruption of the government, and corporations here for 2-3 years now. Homeless people are used as a threat to the working class to not step out of line, or be fired and join skid row. Any medical visit that isn't insured or doesn't get insured because of weirdly complex insurance coverage loopholes (that work against the consumer) will put you basically into indentured servitude. Colleges are corrupt the whole way through, from thecollegeboard that scams you in high school, to the loan sharks that grip any student foolish enough to make a deal with them because getting a scholarship is like the lottery, to the expensive school supplies, expensive tuition, and expensive housing. I've also been obsessed with how car centric infrastructure destroy pedestrian life, creates ugly environments, and leads to more pedestrian deaths. There's no social safety net in America, the processed food is the most accessible food but and also happens to be made of poison, depressed people get prescribed antidepressants that remove their sadness but don't let them improve their life, and sad people that aren't depressed get prescribed antidepressants that remove their sadness and make their life worse through addiction. The only political sides you can side with are shifting towards either making unregulated corporate heaven labor colony where you work to live, live to work, and die like a dog if you aren't a perfectly-abled model patriot citizen; or a mildly more left leaning party that, compared to most European countries, might as well be centrist. It doesn't matter what side you choose though, as corporate lobbyists end up being the main decider of who gets to be voted in to office, so we end up with 2 really shit choices every time, that always end up coming down to a 51-49 split, so it just gets handed off to the electoral college who ends up deciding on a 49-51 split. except on rare occasion when a gem slips through, and the public and electoral ideals line up. propaganda is rampant, nationalism is everywhere, public education ranges from "mediocre / kinda good" to "laughably bad" entirely depending on what state you live in, and then in college you get the actual education experience for the first time in your life and even then most of the studying you do is at home anyway. So, to me, the nordic countries (specifically denmark) and also New Zealand sounds like a dream. I had a teacher in high school who lived in New Zealand for 20 years, (which, according to some people on the internet, the nordic countries and new zealand are pretty similar) and according to that teacher, when you walked down the street in New Zealand, it was common to see people *smiling*. Just walking around, and SMILING. Happy to be alive. No celebrations, nothing special, just another day being alive, and being human. I've never seen someone smiling while walking around in America. Anyways, it seems to me like the Denmark / New Zealand would be perfect to me. I'm fine with the taxes too, I've never been one for extravagant and expensive things, and now I can be the same way but also not constantly live in fear of debt driving me to homelessness / poverty. What do you think? is there anything in those countries I wouldn't like?
I've never heard of jointly writing a thesis with another student -- maybe that's a educational/cultural norm/phenomenon in Denmark/Scandinavia
It's easier for the professors
But Peter pays High property tax and if House Price increase only little bit, he gets problem .
Does he?
I can verify what Mario is saying.... this is not a rusian scam
Grande
Thank you so much!! As a thai whos about to go live and study in denmark soon, your videos are very informative and enjoyable. Help prepping me mentally. Highly recommend you to take ur winter break in Thailand 😂 Our winter are basically danish summer.
Denmark&the rest of Europe vs USA regarding quality of life is like Gold vs SHIT!
?
@@MarioScianHQ that is Social Democracy (Denmark, Europe, Canada, Australia, Russia) vs neoliberal capitalism (USA) is like Gold vs Shit!
I MISS STORE BEDE DAG
I think Apple made that process WAY more complicated than it needs to be, but your video helped thanks
good video
These are 6 reasons why I'm going to Denmark
"Some of the richest people in Denmark have moved out of the country. Is this the start of a trend?" I hope so. Let us get rid of the criminals
They pay a lot of taxes though
I don't complain. I think Denmark is almost heaven on earth. But when I rave about it, my danish friends always counter that something is terrible.
So can I get SU as a working student in a German company if I study in Denmark?
You need to work in Denmark
I think you should tell how much your annual salary is, as well as how much you pay in tax on this! otherwise it's just a song of greed you sit and sing. At the same time, the richest are those who are at the front of the queue to receive from socially paid benefits. And you also forget to mention that the greedy who don't want to pay tax on what they earn in Denmark, and therefore move to low tax countries, they move back to Denmark when they get old, to receive social benefits "FREE" "They just don't want to help pay for the benefits themselves. So feel free to move back to your home country!
Disagree
Hey Mario! Could you make a video about pension schemes? I think given the expat focus of this channel it would be nice to get to know more about the 53A scheme so that people can avoid getting robbed by the 60%-ish exit tax! Thanks!
Video on pensions coming next week, but high level
what are you talking about with the exams? you just pay the 485dkk for the license and you even get to keep the eu license until your danish one is ready and there are no exams.
If you're not EU you might need exams
I searched up "Moving to Denmark" and this was the first result
Recently I went through a series of medical examinations (it was, actually, a fast-track cancer patient pathway. Luckily, no issues were detected); After a quick referral (although this depends on GPs. I was lucky to have a capable GP, but there are useless GPs and the ratio of useless ones appears to be high in Denmark, I have to say), I had a tumour marker test, a CT scanning w/ contrast dye, abdominal ultrasonography and colonoscopy w/ monitored anaesthesia care, followed by the almost immediate or prompt result of each exam, entailing a couple of consultations with doctors, all within 4 weeks - and all free of charge. I appreciated the efficiency of the Danish medical system. I am becoming more positive about Denmark. I come from the UK, and I guess these diagnostic services may also be free or low-cost in the UK if directed by GPs (I simply don't know, as I had no health issues when I was there and younger). However, the process in the UK is likely to be much slower as NHS is suffering from a significant backlog.
That's a great story to hear and I'm glad you got a good GP!