Swedbank has asked around 2,000 people in the 65-year-old age group about their pension. Approximately half of those asked state that they had incorrect assumptions earlier. Two out of ten claim that their pension will be higher than they thought, three out of ten that it will be worse.
So what can you do to maximize your pension? Make sure to work a few extra years, which will result in several thousand kronor in lower payroll tax per month from the age of 67, and your pension will simultaneously be distributed over a fewer number of years and thus become higher. It will be a kind of double boost to your pension.
Then you can choose to take out your occupational pension over a shorter period, five or ten years, instead of for life. But think carefully beforehand, advises Madelén Falkenhäll, economist for financial health at Swedbank. From one month to the next, your pension can be halved when your occupational pension runs out.
Many Drain Quickly
Most future pensioners still choose to do so, according to the Swedbank survey. And it can be tempting to get your earned pension money quickly, perhaps to put it in your own savings or to have time to enjoy it if you don't live long.
So you can absolutely reason that way, says Falkenhäll.
The normal retirement age is now 66 years old, an age that will be raised within a few years. The normal retirement age governs, among other things, when you are entitled to a guaranteed pension.
Calculate Yourself
You now have the right to continue working for your employer up to the age of 69. So there are many different age parameters to keep track of.
The important thing is to make active choices so you understand what happens. When should I stop, and how do I want to stop? says Madelén Falkenhäll and recommends that you can calculate yourself on minpension.se.
Some examples of total pension, including occupational pension, if you stop working at the normal retirement age of 66.
Retail assistant with a monthly salary of 35,000 kronor, worked since the age of 19. This person gets a pension of 24,400 kronor, or 70 percent of their salary.
Construction worker with a salary of 42,000, worked since the age of 19. Pension of 29,200 kronor, or 70 percent.
Elementary school teacher, salary 43,000, worked since the age of 23. Pension of 30,400 kronor, or 71 percent.
Engineer, salary 65,000, worked since the age of 23. Pension of 48,500 kronor, or 75 percent.
Source: Swedbank
