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How to withdraw your occupational pension

Here are some tips on things that are good to keep in mind as the payout of your occupational pension approaches.

Next payment

22 september

  • You can choose when your pension payments should start and how long they should continue.
  • Payments will start automatically if you do not make your own choice.
  • Once payments have started, you cannot change the starting age or shorten the payment period.

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On My Pages (Mina sidor), you can explore different pension scenarios. You can also initiate the payout of your pension there.
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Guide: How to take out your occupational pension

Planning ahead for how you want to withdraw your occupational pension from AMF is important. This guide explains the key things to consider, the choices available to you, and how to start your pension payments.

AMF provides only one part of your total pension – your occupational pension. At minpension.se, you can view your entire pension, including the state pension you receive from the government, occupational pensions from jobs you have held throughout your working life (which may be with several different providers), and any private pension savings.

You can also explore different retirement scenarios by adjusting the start dates and payment periods for the various parts of your pension.

Visit minpension.se

On My Pages at amf.se, you can find all the information about your pension with us. You can see how much you are expected to receive, the choices available to you, and when your payments will be made. Here, too, you can explore different start dates and payment periods.

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Review the risk level of your occupational pension

As you approach retirement, it may be a good idea to review the level of risk in your occupational pension. On My Pages, you can see which type of pension plan you have. If you want to switch to a different plan, you need to do so no later than three months before your pension payments begin.

If you have a traditional insurance plan, you benefit from a secure and straightforward pension solution, where our investment managers handle the investments on your behalf. You are always guaranteed a minimum pension amount.

With a unit-linked insurance plan, there is no guaranteed pension amount. However, you have the opportunity to take a more active role and choose your preferred level of risk by selecting the funds in which your pension is invested. You can change funds whenever you wish.

Learn more about traditional insurance plans and unit-linked insurance plans.

You decide when payments from AMF should begin. However, it is important to be aware that your pension payments will start automatically at a certain age if you do not take any action—some pensions start automatically at age 65, while others start later. The age at which payments begin automatically depends on the type of occupational pension you have.

You can choose to start receiving your pension earlier or later if you wish. In that case, you need to notify us through My Pages between two and seven months before you want the payments to begin. On My Pages, you can also see the options available to you.

When can I start receiving my pension?

It is most common for an occupational pension to be paid out monthly for the rest of your life. This gives you a good idea of how much you can expect to receive from AMF each month throughout your retirement, which many people find reassuring. In most cases, however, you can choose a payout period other than lifelong payments.

If you would like to change the payout period, you need to notify us through My Pages between two and seven months before your pension payments are due to begin. On My Pages, you can also see the options available to you.

How long can I receive my pension?

With repayment cover, the money in your pension will be paid to your family if you die, but your own pension payments will be lower. As you approach retirement, it may therefore be a good idea to review your choice of refund protection. If your family would be financially secure without this protection, you may choose to opt out of it.

You can remove refund protection at any time. However, if you wish to add it, you need to apply for it well before your pension starts being paid out.

Learn more about how repayment cover works

Your pension payments will start automatically at a certain age. If you would like to change when your pension starts or how long it will be paid out, you can easily log in to My Pages and register your choices. Be sure to do this between two and seven months before your scheduled pension payout date.

Here's how:

  • Log in and select the Forecast & Change Payout service under My Payments.
  • Specify when you would like your pension payments to begin and how long you want them to continue.
  • Enter your bank account number. 
  • Sign using your electronic identification, such as BankID.
  • Done!

If you do not have an electronic ID, or if you are unable to log in for any other reason, please contact us and we will send you a paper form instead. 

Keep in mind that....

  • If you would like to make any changes to your pension payout, you must notify us through My Pages no later than two months before your pension payments begin.
  • Once your pension payments have started, you can no longer change the retirement age or shorten the payout period.
  • Your pension payments will start even if we have not received your bank account details. In that case, the money will remain with AMF until we receive your account number.

You will receive a letter when it is time to make your choices

Five months before your pension is scheduled to start being paid automatically, you will receive a letter from us. The letter will tell you:

  • when your pension payments are planned to begin,
  • the estimated amount you are expected to receive, and
  • how long your pension will be paid out

You will also receive information about the deadline for notifying us if you wish to choose a different retirement age or payout period.

If you would like to delay your pension

Here is what you need to do

Do we have your bank account number?

It is important that we have your correct bank account number so that we can pay out your occupational pension.

Leave your bank account number

When will I receive my pension payments?

Your occupational pension is paid out on the 22nd of each month. If the 22nd falls on a Saturday, Sunday, or public holiday, the payment will be made on the preceding business day.

Payment dates

Tax on your pension

We normally deduct 30% tax from your pension payments. If you would like us to deduct more or less tax, you need to let us know.

How to change taxes

Frequently asked questions

On My Pages (Mina sidor), you can see an estimate of how much pension you are expected to receive from AMF. You can also test different retirement dates and payout periods to see how they affect the amount of your pension.

On minpension.se, you can get an overall view of your entire pension, including your state pension from the Swedish Pensions Agency, occupational pension, and any private pension savings. There, you can also test different retirement dates and payout periods.

The easiest way is to enter your bank account number directly under My Details (Mina uppgifter) on My Pages. If you do not have electronic identification (e-ID), you can contact us, and we will send you a form instead.

You need to notify us through My pages (Mina sidor) no later than two months before your pension payments are scheduled to start if you want to change the start date or the payout period.

Once the payments have started, in most cases you can only pause the payments and extend the payout period.

Pause Pension Payments and Extend the Payout Period

In most cases, you can choose to receive your pension for life or over a fixed period of 5 to 20 years. Other options may be available depending on the type of pension you have.

Read more about choosing a payout period.