What can I use the fund for?

Payments from the VR Contingency Fund

A reimbursement from the VR Contingency Fund depends on each member’s credit rights.

Payments from the fund are generally taxable and the taxes are deducted from the amount prior to payment. The taxation is taken out of the grant amount from the VR Contingency Fund according to tax level 1.

There are three exceptions from this:

  • Physical exercise and rehabilitation comparable to other sports are maximum 77.000 IKR pr. year (based on the year 2024).
  • Payment for cost of accommodations is maximum 72.000 IKR pr. year. This only applies to accommodations such as vacation houses, hotels or hostels.
  • Vocational training, grants from the fund due to vocational studies.

What can I use the fund for?

  • Exercise fees e.g. for golf clubs, sports teams, appointments with private trainers, physical exercise courses, jogging- and walking groups, swimming cards and gym cards.
  • Rehabilitation costs, such as treatments by a physical therapist, masseuse and chiropractor as well as acupuncture.
  • Payment of accommodations during vacation. This only applies to payments for accommodations such as vacation cottages, hotels or hostels.
  • Payment due to vocational courses and school fees (tax free, see further information here below).
  • Purchasing of support equipment with regards to physical exercise, such as bicycles, golf clubs, running shoes, sports clothing and more.
  • Purchasing of support equipment, such as glasses, contact lenses, hearing aids, insoles for shoes and more.
  • Dental services.
  • Medical services, including medicinal costs, ex-rays, biopsies, laser treatments and more.
  • Psychology costs and psychiatrist appointments.
  • Decrease in income due to parental leave, unemployment or health problems.
  • After the age of 60 years has been reached.
  • Vacation services, such as flights, rental cars, package trips.
  • Children’s leisure activities and/or purchasing of study materials for members’ children up to the age of 18 years.
  • Purchasing of life-, accident- and disease insurance.

Important to keep in mind

Payments from the fund which are used for vocational studies are exempt from taxation. 

We then want to point out that job seekers must declare grants from unions to the Directorate of Labor. We also point out to pensioners that payments must be declared to the Social Insurance Administration.