Sweden may have high taxes, but Sweden also has a very good pension system for employees.

Allmäns pension is a government-controlled pension. Everyone in Sweden who is working, getting a salary, and paying income taxes gets this mandatory pension.

It’s 18.5% of Max salary* Kr gross salary before taxes per month.

(*Based on 7.5 income base amount and changes every year)

Employer pension is NOT mandatory, but most employers in Sweden pay it, and most white-collar jobs have a collectively bargained pension.

Most white-collar jobs in Sweden have ITP 1 Pension if a person is born 1978 or later.

Which is: (4.5%* Max salary*) + (30%* Max salary*).

(*Based on 7.5 income base amount and changes every year)