How to Optimize Your Pension in Sweden and Avoid Costly Mistakes – A Guide for Immigrants

Introduction

Moving to Sweden opens many new opportunities — but also brings important challenges related to future retirement.Many immigrants make costly mistakes that can significantly reduce their future pension income.In this guide, you will learn how to optimize your pension in Sweden and avoid the most common and expensive mistakes.

1. Overview of the Swedish Pension System

• Public Pension (Allmän pension) – funded through taxes and income-based contributions.

• Occupational Pension (Tjänstepension) – additional pension provided by the employer if a collective agreement is in place.

• Private Pension Savings – personal investments through ISK accounts or capital insurance policies.

2. Common Mistakes Made by New Workers in Sweden

• Not checking if they are entitled to an occupational pension.

• Starting private pension savings too late.

• Not collecting documentation for previously earned pension rights from their home country.

3. 10 Steps to a Better Pension in Sweden

1. Check if your employer offers an occupational pension.

2. Register at MinPension.se and track your pension rights.

3. Start private pension savings early — ideally from the first months of employment.

4. Keep all documentation related to your work history in your home country.

5. Understand how the Swedish pension system works.

6. If you don't have an occupational pension — save at least 5–6% of your gross salary yourself.

7. Review your PPM (premium pension) funds and adjust your investments if necessary.

8. Inform yourself about pension tax rules in Sweden and your home country.

9. Plan where you want to retire.

10. Consult with a professional pension advisor.

4. Additional Tips for Those with Pension Rights from Another Country

• Pension rights earned in Romania, Poland, other EU countries, or elsewhere can be combined with rights earned in Sweden (according to EU regulations).

• It is very important to save all documents proving periods of employment and contributions.

5. Pension and Taxation – What You Should Know

• Sweden has double taxation agreements with many countries (including Romania, Italy, France, Germany, Spain, and others).

• Your country of residence when you retire will affect how your pension income is taxed.

6. Get Professional Help

Don’t risk losing the pension savings you have worked hard for.Book a free analysis of your pension situation or consult a professional pension advisor.

👉 [Book your free consultation here]