Tax on your gains, four ways
Enter one gain and see what it costs in tax in an Aktiesparekonto, a normal account, as capital income and inside a pension.
- 2026 thresholds
- Checked against official sources
- Free, nothing stored
Tax as share income (normal account)
30,090 DKK
| Tax | Rate | |
|---|---|---|
| Aktiesparekonto | 17,000 | 17% |
| Share income | 30,090 | 30.1% |
| Capital income | 37,010 | 37% |
| Pension (PAL) | 15,300 | 15.3% |
| You keep in a normal account | 69,910 | 69.9% |
Capital income is an estimate at your municipal rate plus bottom tax, with middle and top tax added above DKK 55,000 when your salary reaches those brackets.
How it's calculated
- Aktiesparekonto. A flat 17% on the gain.
- Share income. Shares and most equity funds in a normal account: 27% up to DKK 79,400 a year (DKK 158,800 for couples) and 42% above.
- Capital income. For example bond funds and some accumulating funds: taxed with your income at roughly your municipal rate plus 12.01% bottom tax, with middle and top tax possible above DKK 55,000 at higher salaries.
- Pension. Returns inside a pension are taxed at 15.3% each year (PAL tax).
Figures used
| Figure | Value | Source |
|---|---|---|
| Aktiesparekonto | 17% | Skattestyrelsen |
| Share income | 27% to DKK 79,400, 42% above | BankInvest tax guide 2026 |
| Capital income allowance in the top tax base | DKK 55,000 (DKK 110,000 couples) | themis.dk 2026 overview |
| Bottom tax | 12.01% | Skatteministeriet |
| Pension returns (PAL) | 15.3% | Skattestyrelsen |
Questions
Which of my investments are capital income?
Bond funds, cash interest and funds on Skattestyrelsen's list of investment companies are typically capital income. Shares and most equity funds are share income.
Does this include my other share income this year?
No. It assumes this gain is your only share income. If you have more, the 27% band is used up sooner.
Why is the Aktiesparekonto rate so low?
It is a deliberate tax incentive for saving in shares, limited by the deposit ceiling (DKK 174,200 in 2026).
Related
Last checked October 2026. An estimate for one year based on the 2026 rules, not tax advice. Losses, foreign tax and other income are not included.