Im sorry for venting, but as an Expat, Im feeling financially pressured in Denmark.
I have accepted a job offer Denmark and I have just realized that I may not save as much money as I though I would. I have a pay limit visa, meaning that its supposed that I would be making a decent salary, but...
47% A-tax on my incone
50% tax on my pension scheme
8% tax of labor market
20% of salary goes to my landlord , rent for expats are more expensive
25% of vat for every product that I acquire
As far as I have been realizing, the "lonely" tax here is very high as well.
I dont study, dont use the public healthcare, dont have kids, dont use public transportation and I wont retire here. Im basically a very lucrative person to the Danish Treasure.
How does a person saves money in Denmark ? Is this the reality of expats, singles and middle class?
Dont get me wrong. This is a dream of a country, but for someone who is not a citzen and intend to go back home one day, life is a little bit difficult...
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The original was posted on /r/denmark by /u/SadBoy-86 at 2024-03-24 16:37:47+00:00.
Ulle82 at 2024-03-24 18:15:34+00:00 ID:
kwd5ubdThere is no way you are paying close to 47% net tax (unless you make an absurdly high salary, in which case saving should be easy). We have many deductions here. Also, there is zero tax on pensions, so unless you are taking it all out and taxing it as income and putting on a §53a scheme, it's simply false that you're paying 50%.
It also makes no sense comparing how much rent is in terms of gross salary. We have one of three more complex tax systems in the world, so net is what you measure against.
If you want some insight, share a pay slip and a budget.
SadBoy-86 (OP) at 2024-03-24 17:37:59+00:00 ID:
kwd7ebdI arrived here in the pay limit visa scheme. So I suppose that my salary is above the average.
Ulle82 at 2024-03-24 17:42:44+00:00 ID:
kwd87ymThat says nothing about your situation.
That visa scheme has a minimum, no maximum. I'm very familiar with it as my wife is on it. She makes about a million kroner a year and her net tax comes out to about 40%.
My point is, you are leaving out all information related to you, in a country which has a complicated tax scheme...
Did you get your first salary yet?