How does occupational pension work?

The occupational pension is paid by the employer or the company into an occupational pension insurance policy with an insurance company. The capital paid in can then be managed in funds or in guaranteed management, where you as an individual have the option of choosing funds or changing the form of management as you wish.

As an individual, you pay no tax on your occupational pension but are taxed on the amounts you withdraw from the pension when it is paid out.

As an employer, you are free to choose which bank/insurance company you want to invest your pension with, but beware of the fees and cost of insurance, which differ from company to company.