Occupational pension is an important part of your future retirement. Your total
pension consists of multiple parts. If you work and reside in Sweden you gain a
general pension from the Swedish Pensions Agency that contains a pension based
on income. Your general pension is affected by your income, working time, age of
retiring etc. Frilans Finans pay the general pension via general payroll tax according
to Swedish law. Today the average pensioner receives an average 13 450 SEK a
month before tax (source: the Swedish Pensions Agency).
About 90% of employees in Sweden have occupational pensions paid by their
employer. For many it consists of 25-50% of their total pension. There are four large-
scale collective agreements regarding occupational pension in Sweden that cover
about 6.4 million insured. It may consist of substantial amounts within the
occupational pension due to the limit for how much you can save is a lot higher than
the general pension. The total pension including the occupational pension is an
average of 17 600 SEK a month before tax.
For you between 25–65 years old Frilans Finans automatically sets aside a part of
the invoice amount to your occupational pension. The occupational pension is 4,5%
of your gross salary with the possibility to expand to 35%. If you are between 18-24
years old you have the possibility to activate occupational pension in your account
settings.
Frilans Finans pays the amount to SPP Pension & Försäkring AB (publ) once a
month. The value of the insurance builds your occupational pension and you get the
potential return and growth on the capital. You can, based on current regulations,
start the withdrawal of your occupational pension from 55 years old with a withdrawal
period of at least five years.
Your occupational pension is distributed automatically in a mix between funds and
traditional asset management. You may decide how you would like to allocate the
fundings of your occupational pension within the SPP platform. Login to SPPs
website to see the current value of your savings where you also may reallocate your
funds. The insurance has automatic payment protection (återbetalningsskydd) to
your husband/wife/partner/child in case of death.
SPP offers you free reallocations of your funds among approximately 80 funds from
about 30 managers. Via traditional management, you hand over the investment
decisions to SPP, which also guarantees a minimum value of your occupational
pension. If you like to receive investment advice on how much is appropriate to set
aside or have questions about the management, please contact our partner Factum
Fond & Försäkring, free of charge.
Factum Fond & Försäkring
Telephone: 018 – 69 30 00.
E-mail: info@factum.nu