Non-Working Spouse – Advantage
Dear Non-working Spouse Expats, I know you are looking for a job in every means possible, but never feel guilty about not getting a job in your new country! Let’s take a moment to realize what you have and what the working people miss: You have the luxury of TIME. Time is more valuable […]
Importance of Personal Finance
Here is my story and why I feel everyone needs to understand finance and financial planning in life. Life as a Young Adult (No Understanding of Personal Finance) I came from India and moved to Norway in 2011 at the age of 26 for my Master’s degree, and I was working happily in Norway. In […]
More Salary offered ?
Sweden is one of the countries that pays higher salaries to employees than the actual salary shown in the offer letter. Most private white-collar employees in Sweden receive the following amounts that are not included in the salary mentioned in the offer letter: Holiday Pay: When you take your summer vacation in Sweden, your employer […]
Social Taxes – Paid by Company
Did you know that your employer in Sweden pays a tax of 31.42% on your gross pay to employ you? This concept was new to me coming from India, but according to Skatteverket (Tax office in Sweden), the Swedish social security system is mainly financed by social security contributions. I believe this includes subsidized medical […]
Tax Savings – Salary Exchange
Löneväxling : Its an option provided by the company , then a person can move a part of the Salary to Pension Year 2025: Earning above 53,600 Kr/month incurs an additional 20% state income tax and salary above 54 200 Kr can only be moved to pension as exchange. (Note the amount in below image refers […]
Financial Safety – Sweden
I love Sweden for the financial safety net it provides for its residents. People talk about weather or high taxes when it comes to Sweden, here I want to highlight the financial safety net Sweden provides for its people and I just love it 😊 Försäkringskassan: It’s the social insurance agency, which provides payment when […]
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 […]
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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