New Laws: Cheaper Flights, Costlier Medicine in Effect This Summer

Abolished flight tax, increased unemployment benefit for some and an increased high-cost protection for medicines. This is how your wallet is affected by new laws and rules that come into force in the summer.

» Published:

New Laws: Cheaper Flights, Costlier Medicine in Effect This Summer
Photo: Janerik Henriksson/TT

Share this article

Air travel tax is being abolished

The air travel tax will be completely abolished on July 1. For those who buy an airline ticket for travel within Sweden, this means a reduced cost of approximately 80 kronor. The same applies to travel to countries such as Spain. A trip to the USA will be about 325 kronor cheaper and a trip to Thailand about 520 kronor cheaper.

Medicine becomes more expensive

Today, a person pays at most 2,900 kronor for prescription medication during a 12-month period. Now the amount is increased by 900 kronor – to 3,800 kronor – from July 1.

The staircase in the high-cost protection means that a medication cost of up to 2,000 kronor is paid in full by the individual. The amounts within the so-called high-cost staircase are also increased in each step. For a medication cost between 2,001-3,586 kronor, the patient pays 75 percent of the cost, previously it was 50 percent. For medication costs of 7,117 kronor or more, a free card applies – then the patient has paid 3,800 kronor of the amount.

Cheaper to switch fixed-rate loans

It will be cheaper to switch banks, even for those who have tied up their mortgages. Bank customers will no longer have to pay for the banks' lost interest income, instead, customers will only have to pay for the costs that arise when paying off the loan prematurely. Applies from July 1.

"Quick loan companies" are not allowed to lend

Only banks and credit market companies will be allowed to lend money to consumers, from July 1. Loan brokers, such as Lendo and Compricer, must apply for a bank license to continue their business.

Increased compensation from the unemployment insurance fund

On August 4, the highest compensation in the unemployment insurance fund will be increased, from 1,200 kronor to 1,236 kronor during the first 100 compensation days. This corresponds to approximately 800 kronor more per month.

Housing allowance is abolished

The temporary supplementary allowance for families with children in connection with the housing allowance will be abolished from June 30.

More expensive solar cells

Those who install solar cells will receive a tax reduction of 15 percent from July 1, a decrease from the previous 20 percent.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

US Inflation Matches August Expectations

US Inflation Matches August Expectations

ECB Keeps Interest Rates Steady

ECB Keeps Interest Rates Steady

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna's Stock Market Debut Attracts Swedish Small Investors

Oil Demand Surpasses Expectations for 2026, Says IEA

Oil Demand Surpasses Expectations for 2026, Says IEA

Stock Market Shows Weak Downward Trend as Rusta Reports Poor Earnings

Stock Market Shows Weak Downward Trend as Rusta Reports Poor Earnings

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Food Prices Drop for First Time This Year in Sweden

Food Prices Drop for First Time This Year in Sweden

Noba to Join Stockholm Stock Exchange with Existing Shares

Noba to Join Stockholm Stock Exchange with Existing Shares

Rusta Reports Decreased Profit Despite Increased Sales

Rusta Reports Decreased Profit Despite Increased Sales

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Nikkei 225 Hits New Record Amid Wall Street Optimism

Nikkei 225 Hits New Record Amid Wall Street Optimism

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Klarna's Stock Surges 30% in Initial New York Trading

Klarna's Stock Surges 30% in Initial New York Trading

Klarna CEO Outlines Strategy to Dominate Global Payment Market

Klarna CEO Outlines Strategy to Dominate Global Payment Market

SEC Challenges Global Sustainability Reporting Standards

SEC Challenges Global Sustainability Reporting Standards

Spotify Introduces High-Resolution Sound for Premium Users

Spotify Introduces High-Resolution Sound for Premium Users