Pension system in Sweden

The building blocks of the pension system

The pension system consists of a public part, a public pension, which you earn when you have taxable income, an occupational pension, and you can choose to save through a private pension scheme. 

Public pension

The Swedish public pension, allmän pension, is based on your taxable income in Sweden. It consists of different parts, most of which are linked to your annual taxable income.

Occupational pension

Most workplaces in Sweden have agreements between labour market partners, known as collective agreements. These agreements usually mean that you earn an income-related occupational pension, tjänstepension, through your employer.

When you start working in Sweden, you should check which pension agreements apply at your workplace.

Private pension savings

Even if you earn both public pension and occupational pension, you can choose to supplement them with private pension savings.

Private pension savings are optional and can be set up through a bank or pension company. Contact your bank or pension company for more information.

Get an overview of your pension

At Pensionsmyndigheten, the Swedish Pensions Agency, you can find more information about the Swedish pension system.

You can also find general information about the Swedish and Danish pension systems from Øresunddirekt’s information centre in Malmö.

Read abut pensions at pensionsmyndigheten.se

Information meetings about pensions

You can take part in online information meetings from the Swedish Pensions Agency in Swedish or English.

At the meetings, you get up-to-date information about the Swedish pension system and can ask questions during the session.

Find webinars about the Swedish pension system at Pensionsmyndigheten