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State retirement pension

State retirement pension is the part the individual receives from the state and which is earned while working, studying, being at home with small children or doing military service.

Man sitting outside.

State retirement pension is the part the individual receives from the state and which is earned while working, studying, being at home with small children or doing military service. It is the lifetime income that is calculated and the pension you will receive depends on how long you work, how much you earn, what happens to the selected premium pension funds and the Swedish economy.

The pension-based income is no more than 7.5 income base amounts, i.e. 571 500 SEK (2024).

If you were born in 1954 or later you will receive a full state pension. If you were born in 1953 or earlier your pension is partly calculated according to the rules of the old pension system with ATP and the former basic state pension.

The state pension consists of income pension and premium pension.

Income pension

Income pension forms the basis of the pension system. The money that is paid in via taxes goes to those who are retired today. While you work you earn so-called pension rights or superannuation, which show that the system owes you money. You get this money back the day you become a pensioner.

The premium pension

A small but important part of the state pension consists of the premium pension. 2.5 percent of your salary is set aside to the premium pension. The money is invested in funds that you choose yourself. How large the premium pension will be depends on how much money is paid in and on the performance of the funds chosen.