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Retirement pension

If you are a salaried employee in the private sector, and your employer has a collective agreement (kollektivavtal), you are entitled to a retirement pension from ITP occupational pension.

Your employer pays a premium for your retirement pension every month. You can make a few choices for this pension:

  • How and by whom the whole pension, or a part of it (depending on whether you have ITP 1or ITP 2), should be invested.
  • If you want to add cover for your family, in the event of your death.
  • To have your pension paid for life or over a shorter period.

 

* Collectum charges an administration fee which is currently 1.0 per cent of paid-in premium (For ITP 1 the maximum amount deducted is SEK 450 per year). Collectum’s fee is deducted from the premium before it is transferred to the insurance company of your choice.

ITP 1

Defined contribution pension, from 25 years of age

The contribution, but not the size of the pension itself, is pre-determined. The contribution, or premium, is equivalent to

  • 4.5 percent of the salary up to SEK 41,750 (7.5 times the income base amount)
  • 30 percent of the portion of the salary over SEK 41,750.

The entire ITP 1 pension premium is invested according to your choice.

If your salary per month is ...

... the premium per
month from your employer is ...

The premium amount
per year*

SEK 30,000

SEK 1,350

SEK 16,200

SEK 40,000

SEK 1,800

SEK 21,600

SEK 50,000

SEK 4,354

SEK 52,248


ITP 2

Defined benefit retirement pension
The ITP 2 retirement pension is benefit-defined. The size of the pension itself, but not that of the contribution, is pre-determined. The ITP 2 pension is managed by Alecta.external link

Salary SEK/year

Income base amount

Pension as a percentage
of the salary

Up to
501,000

0-7,5

10 %

501,000 - 1,336,000

7,5-20

65 %

1,336,000 - 2,004,000

20-30

32,5 %

Defined contribution ITPK
Salaried employees also have a defined retirement pension, the ITPK. The premium is equivalent to 2% of the monthly salary.

Call us

Private: +46 8 508 980 00 (from abroad) 020-40 85 00 (from Sweden)

Companies: +46 8 508 981 00

Phone hours

Monday-Friday 8:30–16:00

Postal address

103 76 Stockholm

Download choice forms and information about ITP.