Parental Allowance – Requirements
To all future parents in Sweden, navigating the complexities of becoming a parent in a new country can be overwhelming. From resident permits to passport applications and name registrations, the process can seem daunting. Remember, immediate registration of a resident permit application for your newborn is essential to qualify for parental allowance. For Indian […]
Repayment Protection – Occupation Pension
What is Repayment Protection (Återbetalningskydd) in Occupation (Tjänstepension)? 1) If you activate repayment protection, your spouse (based on Swedish inheritance law) will get your occupation pension. 2) If you haven’t chosen repayment protection, your pension capital will be distributed as inheritance gain to other pensioners who haven’t chosen repayment protection. 3) If you activate […]
Should I move to Sweden ?
Should I move to Sweden? Let’s celebrate the benefits of living in Sweden that often go unnoticed. I have been living in Sweden since 2017. Sweden offers a robust Pension system, ensuring financial security for its residents. Additionally, the country provides great family benefits, making it an ideal place for families to thrive. Also, […]
Layoff – Things to do
Layoff Tips and Negotiation Guide Layoff is always part of corporate job life. It’s crucial to be prepared for it. The first layoff can be tough – I still recall mine in 2015 in the Norway Oil crisis, feeling lost and unsure how to react as a young adult. Based on my experience, I’ve […]
International Income Reporting
Foreign Income Reporting in Sweden 50% of the population report foreign income incorrectly in tax returns, as per Skatteverket report. Total household assets held abroad amount to around SEK 300 billion per year. The majority of Swedes’ foreign capital assets remain in Europe, particularly Switzerland, which is a so-called low-tax jurisdiction. But large amounts […]
Private health insurance – Faster Appointments
More individuals in Sweden are opting for private health insurance to secure faster access to medical care. Data from Svensk Försäkring shows a growing trend in the number of people with private health insurance in Sweden, whether through their employer or self-paid premiums. While Sweden offers subsidized medical care for residents, some face up to […]
Income Insurance
This post sheds light on the essential aspect of Inkomstförsäkring, an inherent insurance offered by various unions in Sweden.For expats, especially engineers and managers, the focus is on comparing the default income insurance provided by 3 unions. Sveriges Ingenjörer [Engineers of Sweden], for instance, offers coverage up to 100,000 Kr per month as the default […]
Top 1% of salary in Sweden
The top 1% of salaries in Sweden for the year 2021 refers to an income of more than 1.2 million Kr, which corresponds to 79,200 people, out of which 66,498 were Swedish-born. Quick Facts: The median age was 51 years, but the single most common age was 48 years for men and 49 years […]
Emergency Fund Requirement
Emergency Fund for Expats in Sweden Here is the snapshot of various situations when we need an Emergency Fund as expats in Sweden. (Akassa and inkomstförsäkring are really good financial safety nets in Sweden). The biggest expense shall be when our family/parents are sick in our home country, and we need to visit them […]
Positive Side of Immigration in Sweden
Positive Side of Immigration Indians skilled workers in Sweden tops the list with the median value of total earned income in year 2022 based on SCB (Statistikmyndigheten). Interesting to see countries outside EU from this list which shows positive effects from skilled immigration who pay income taxes and their employer pays social taxes. The […]
Annamalai Ramanathan | Financial Educator
I create awareness on personal finance topics to European Indian NRI and Swedish expats by empowering them to have control over their finances and a fulfilling life with happier relationship with money
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