Start Private Pension Savings - Get a Proposal and Get Started in 10 Minutes
Start saving on your own to achieve a better economy as a retiree. The earlier you start pension savings, the longer time your money has to grow. Our pension robot Nora gives you a recommendation and helps you set up a pension savings plan. The advice only takes 10 minutes.
Start the pension robot
Investments involve risk.
1. Answer a few questions
2. Test different amounts
Answer some questions about your finances, when you want to retire, and your attitude towards risk and sustainability.
3. See your recommendation
We show how much you need to save to reach your pension goal. You can test different amounts and see how they affect your future income.
Start Pension Savings
Based on your answers, you get a proposal for a pension savings plan that suits you. Choose the savings amount and which account the money should be withdrawn from.
Why save privately for pension?
Get a recommendation from the pension robot Nora Pension.
Start the pension robot
How much should I save for pension per month?
- The pension you receive from the state and occupational pension corresponds to about 60% of your current salary.
- Private pension savings are an important complement to increase your pension.
- The earlier you start, the smaller the amount you need to save each month.
Haven’t started your pension savings yet? No worries - it’s not too late to start.
Save for pension in a capital insurance
A good guideline is to save 5-10% of your salary after tax each month. But the exact amount depends on how long you have left until retirement and your personal finances. Small amounts can make a big difference over time.
Nora Pension gives a proposal that suits you
We recommend that you save in a capital insurance for your pension.
- You choose how you want the money paid out - monthly or in a lump sum.
- You decide who will receive the money if you pass away.
- You do not pay tax on any gains when selling securities; instead, we deduct an annual yield tax from the insurance.
SparaSmart Pension - if you want to lean back
The pension robot Nora gives you a proposal to start saving in one of our capital insurances SparaSmart with savings profile Pension or Framtidskapital. The recommendation is based on your answers in the pension advice with Nora Pension.
Start the pension robotFramtidskapital - if you want to be active
SparaSmart with savings profile Pension suits you who want help placing your pension money. We handle everything for you and adjust it according to how much time you have left until payout.
The closer you get to retirement, the more securely we invest your money.
How your pension savings can grow
Framtidskapital suits you who want to be active. Nora Pension suggests a portfolio that fits your investment profile and you can follow how it develops yourself.
If you prefer to invest your money yourself, we offer a wide range of funds, stocks, and other securities.
How to save best for pension by age
With our savings calculator you can calculate how much your private pension savings in funds can grow over time.
How your pension savings can grow until age 67
| At 1,000 SEK per month you will | At 2,000 SEK per month you will |
| — | — |
| The 30-year-old will get approx. 1,995,000 SEK extra in pension | The 30-year-old will get approx. 3,990,000 SEK extra in pension |
| The 40-year-old will get approx. 925,000 SEK extra in pension | The 40-year-old will get approx. 1,850,000 SEK extra in pension |
| The 50-year-old will get approx. 380,000 SEK extra in pension | The 50-year-old will get approx. 765,000 SEK extra in pension |
The examples are calculated with a return of 7%. We have not taken into account any costs for the savings, taxes, or inflation. 7% comes from expected long-term GDP growth + stock dividends + inflation. Investments involve risk. Expected return is no guarantee of future results. If you instead save in an account without interest, your savings will decrease in value over time in line with inflation.*
Start pension savings
Your age affects how you best save for your pension.
Frequently asked questions about pension savings
Need help from an advisor?
If you have saved privately for your pension via a capital insurance or an , you have already paid tax through the annual standard tax. You do not pay tax when the money is paid out. However, if you receive pension from an individual pension savings account (IPS) or a private pension insurance, most pension companies automatically deduct 30 percent at payout.
How much you should save for pension is individual but a general guideline is to save 5-10 percent of your salary after tax each month.
For most people, the pension from the state (public pension) and occupational pension corresponds to about 50-60 percent of the salary. We also live longer and therefore the pension needs to last more years. That is why it is important to complement with private pension savings. And the earlier you start saving, the longer time your savings have to grow.
The tax deduction for private pension savings was removed in 2016. This means you no longer get a deduction in your tax return for the amount you deposit in a private pension insurance or an individual pension savings account (IPS).
If you continue saving in a private pension insurance or IPS, you will be double taxed because you no longer get a deduction for the amount you deposit. In addition, you will pay income tax when you withdraw the money as pension.
However, the rules for removed deduction do not apply to everyone. If you lack occupational or contractual pension via your job or save in a private pension insurance as a business owner, you still have the possibility to deduct up to 35 percent of your income (up to 10 price base amounts).
We recommend that you save in a capital insurance for your pension. It has, among other things, the advantage that you can get the money paid out monthly.
It is also fine to save in an ISK, but then you need to actively sell all or parts of your holdings when you want to withdraw the money.
When you save privately for pension, there are different savings forms to choose from. We offer different pension solutions so you can find a savings form that suits you and your needs.
SparaSmart with savings profile Pension is a convenient savings option for those who want help placing their pension money. We manage the investments for you and adjust the savings according to how much time you have left until retirement.
Framtidskapital is a savings form that suits those who want to choose which funds to save in themselves. With Framtidskapital you can also trade individual securities.
Starting pension savings when you have education, job, and housing in place is common. But the earlier you can start pension savings, the better. Our recommendation is that you base it on your own life situation and start when it suits you.
How you save for your pension can vary depending on your age and life situation.
At minPension.se you can make a pension forecast and see what you are expected to receive in pension. Then you see how much you need to save privately for your pension to be as you want.
How much your pension will be largely depends on how long you have worked, how much you have earned, and whether you have had occupational pension and your own savings. Public pension and occupational pension together provide a good base if you have worked full-time for many years and do not retire before you turn 67. But most people also need to supplement with private pension savings for the pension to be as desired. There are occasions when it is especially important to have your own savings. For example, if you
- plan to retire early
- know that you will have high expenses as a pensioner
- have worked part-time for extended periods
- do not have occupational or collectively agreed pension
- have studied for a long time and entered the workforce late
- have had a very low income during your working life
- have worked without paying income tax
- have worked abroad and lost the right to Swedish public pension
- are self-employed and have not had the opportunity to save for occupational pension
- moved to Sweden late in your working life.
