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.
Derek-Dick at 2024-03-24 18:38:32+00:00 ID:
kwg7736Pretty sure those numbers doesn't add up. Minimum salary on that visa is 487.000 kroner.
That's 40.583 kroner a month. HvorMegtEfterSkat.dk tells me that's a 34,8% tax, including the 8% labor market tax. But i have a feeling that your salary is a bit higher, so let's say it's 60.000 kroner, then we end up with 38,2% tax and 37.000 kroner net. Deduct 14.000 kroner for rent and you are left with 23.000 kroner.
Median montly salary in Denmark (including pensions) are about 39.500 kroner before tax.
Not sure how tax on pension works for your visa, but doesn't sound right with 50%, so i guess your 5 minute Facebook research is also wrong on that matter.