Swedbank: Small boost expected from higher price base amount next year

Published:

Swedbank: Small boost expected from higher price base amount next year
Photo: Isabell Höjman/TT

Several years of rampant inflation previously caused the price base amount to skyrocket.

The more subdued price increases of the past two years have slowed the rise in the price base amount, which in turn affects the level of grants and compensation such as student loans, parental allowance and guarantee pension.

Next year's price base amount will be increased by SEK 400 and will reach SEK 59,600 in 2027, according to Swedbank's calculations based on the quick CPI for June.

While students and pensioners receive just under 100 kronor more per month, the maximum compensation for parental leave is increased by 250 kronor per month.

Although many workplaces offer additional parental leave allowances, those who depend on benefits may become extra vulnerable if rents and prices increase, according to Madelén Falkenhäll, economist for financial health at Swedbank.

Many households are already having a tough time. If there is inflation on top of that, it will be tougher. Rent increases have a certain lag, so many have rent increases ahead of them, she tells TT.

For wage earners, the increased price base amount will not be noticeable even though it means lower taxes, according to Falkenhäll.

High-income earners will receive a tax reduction of around SEK 300 per month, as the automatic increase in the threshold for state income tax is raised.

For most employees and pensioners, the tax will remain unchanged, says Madelén Falkenhäll.

The highest level of parental insurance will be increased by eight kronor per day, which corresponds to an increase of around 250 kronor per month.

Study funds will be increased by 90 SEK per four-week period, compared with the fall semester of 2026, while the guarantee pension will be increased by around 80 SEK per month.

Sickness benefit qualifying income is increased so that the highest level of sickness benefit is increased by eight kronor per day, reaching a maximum level of 1,267 kronor per day.

The state tax threshold will be raised to just under SEK 56,500 per month, compared with SEK 55,000 in 2026.

Price base amounts and income amounts are reference amounts based on which pensions, different compensation levels and taxes are set. The amounts are changed in January each year. The government establishes the changes in the autumn budget, where they may be subject to change.

Sources: Swedbank and Statistics Sweden

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...