Moving out of Sweden

Skatteverket:

  1. Fill in Form SKV7665, Notification Move Abroad.
  2. File your income tax returns for the current year. This means that next year in March, you will receive a tax document for the current year, which you need to approve.

BankID:

Renew your BankID and also install BankID on another phone if possible.

Bank:

  1. Don’t close your bank account until you file your last income tax returns.
  2. Stop all automatic withdrawals like Autogiro for home insurance, health insurance, life insurance, car insurance, electricity bills, mobile postpaid plans, and any subscription services you have in Sweden.

Pension:

  1. You CANNOT take out your general pension and occupational pension. You will only receive them at retirement age.
  2. In some rare cases, occupational pensions can be withdrawn. Refer: https://personalfinancesweden.com/withdraw-of-occupation-pension/

Försäkringskassan:

  1. Inform them via form 5459.
  2. Cancel barnbidrag (child allowance).

Property in Sweden:

If you have a property in Sweden, the rules are complicated, and you can still be considered a tax resident in Sweden. You need to discuss in detail to determine whether you have unlimited or limited tax liability.

Investment:

It’s better to sell and invest in your new home country to avoid complex tax issues. If you want to hold your investment, book a meeting for further discussion.

Tax Treaty with New Country:

If you have income from two countries, refer to the tax treaty to understand which country has the right to tax.

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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