Your pension is made up of several components
Your pension comes from different sources. If you have worked and lived in Sweden, you will get a national public pension based on the income you paid tax on. You can also have occupational pension and a private pension scheme. For more information about public pension in Sweden - see below:
Your company have a collectively agreed pension plan for salaried employees called ITP1. For more information about ITP1.
Exchange of salary
Switch a part of your salary to extra pension premium
Abstain from salary today for a better pension tomorrow.
As retirees, most of us will have lower income. You have the opportunity to exchange part of your current salary for contrbutions to your future pension.
Salary exchange is advantageous for you if – after abstaining from salary – you have a salary higher than 8,07 times the Income Base Amount (SEK 42 031/month in 2018). It is not recommended that you enroll in a salary exchange programme if doing so would bring your salary below that level, since this would lower your social insurance benefits, such as national retirement pension.
Want to get advice on your insurance, finance, savings or retirement? We are advisers are specialists in life-economy. They will help you see your opportunities and the choices you can make.