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It's time to celebrate a really good pension – your occupational pension!

23 september 2024

ca 0:20 lästid

Kvinna i paljettklänning dansar glädjefyllt under festliga ljus och konfetti

Did you know that today, September 27th, we celebrate Occupational Pension Day? It’s the day when we highlight something that represents a significant part of the total pension for many – your occupational pension! Stay tuned to learn more about why it is so important and how you can influence it to secure more money in the future.

So what is Occupational Pension Day?

(Read in Swedish)

In short, it’s a day to highlight the occupational pension – the pension you receive from your employer. In fact, 9 out of 10 people working in Sweden have an occupational pension. But not everyone! If you’re unsure whether you have one, talk to your employer. If you don’t have an occupational pension today, it’s worth asking how you will be compensated. As mentioned, this benefit can make a significant difference for your future financial security.

Did you know that the occupational pension is becoming increasingly important for your finances as a retiree? This is shown by a recent report from Svensk Försäkring.

Person bär en röd kajak på en brygga vid en klippig kust, spegelblankt vatten och molnfri himmel i bakgrunden

What can you do to influence your pension – five tips:

  1. Every year and every krona counts. The longer you work, the more money you will earn towards your pension. If your employer continues to contribute to your occupational pension even after retirement age, it might be a good idea to keep working if you want to and are able to. This can give a significant boost to your future pension income.
  2. Choose the right investment option: How do you want your pension money to be invested? You may want to take a bit more risk if you have a long time left, or you might prefer a safer route. It's important that your investment matches your attitude towards risk, the time you plan to save, and your life situation.
  3. Keep an eye on the fees: You’ve probably heard this before, but it’s worth repeating. High fees can significantly erode your pension over time, so review the fees you are paying – it will make a difference in the end.
  4. Check in on your pension funds from time to time: Life changes, and your pension choices should too. Review your options periodically to ensure they still meet your needs.
  5. Seek help from an advisor: Many employers and pension companies offer advice and support regarding pensions. Take advantage of this opportunity to get guidance on how you can best optimize your pension.

More tips for future earnings:

Consolidate your pension and gain better control!

Have you had multiple employers? Then your occupational pension may be spread across different companies. By consolidating your pension savings in one place, you will gain a better overview and can often improve your terms. This, in turn, could mean more money for your future self!

Find your pensions

There are several good saving options to choose from for long-term savings, such as ISK (Investment Savings Account) and capital insurance. If you earn over 51,245 SEK (2024), you might also consider salary exchange as an option, if your employer offers it. This means that you exchange a portion of your salary for an additional pension contribution.

The savings guide

Sustainability for us at SPP means considering ethical, social, and environmental aspects in our decisions and investments.

Sustainability at SPP
Publicerad 2024-09-23