Utgangsbeløpet

Utgangsbeløpet is a Norwegian financial term that refers to the amount paid out when a contract ends, a product matures, or a customer withdraws from an arrangement. It represents the payout value at the moment of exit, and the exact sum is defined by the contract terms of the specific product.

Common contexts

- Pension and retirement savings: utgangsbeløpet is the value paid out at retirement or when the fund is disbursed. It often includes guaranteed components plus any bonuses or additional rights built into the plan.

- Life, health, or endowment insurance: the term can refer to the surrender value or the maturity amount, including guaranteed benefits and any discretionary bonuses.

- Investment and savings products: utgangsbeløpet is the redemption value received when the investment is cashed in, which may reflect growth, fees, taxes, and possible penalties.

- Employment-related arrangements: in some agreements, utgangsbeløpet may denote a severance or completion payout, though this usage is not universal across all sectors.

Calculation and disclosure

The precise utgangsbeløpet is specified in the product contract, policy document, or plan prospectus. Statements and closing documents typically show the current or projected utgangsbeløpet. It is important to distinguish between guaranteed components and potential discretionary bonuses, and to be aware of tax implications, which vary by product type and jurisdiction.

Etymology and usage

The term combines utgang (exit or end) with beløp (amount). It is commonly used in Nordic financial contexts to describe the value received when an investment, contract, or policy ends.