The pension will be increased by SEK 3,648 – here are those who will be without it

earthpressnews
The pension will be increased by SEK 3648 here

Recently, there have been several changes in the economic system that affect Sweden’s pensioners starting next year:

  • The tax for pensioners is reduced.
  • The guarantee pension is increased.

    • READ MORE: That’s how much lower taxes the finance minister gets – compared to you

    The taxes that are reduced in the government’s budget

    First of all, the government will set aside 2.5 billion to lower taxes for pensioners.

    This was announced by the Minister of Finance Elisabeth Svantesson (M) during a press conference on September 19, where the government presented this year’s budget bill for 2025.

    The total of SEK 60 billion will be distributed within everything from welfare and total defence, to the environment and climate. 26.7 billion, 44 percent of the total, will go to finance tax breaks.

    Photo: Janerik Henriksson/TT

    Here are the taxes that will be reduced in the new autumn budget:

  • Enhanced employment tax deduction: SEK 11 billion.
  • Reduced tax for pensioners: SEK 2.5 billion.
  • Abandoned phasing out of the employment tax deduction: SEK 4.7 billion.
  • Reduced tax on ISK savings: SEK 4.4 billion.
  • Reduced petrol tax: SEK 3.2 billion.
  • Abolished flight tax: SEK 0.9 billion.

    • READ MORE: This is how you are affected by the interest rate cut – they can save 30,000 this year

    This is how much the tax is reduced for pensioners

    After the budget statement, the government office came out with a calculation of how the tax cut will affect the wallets of pensioners.

    According to the government’s calculations, there will be 50 kroner less paid in taxes for the median pension. For the average pension, there will instead be SEK 53 less paid in tax.

    READ MORE: Pensioner? This is how much your tax will be reduced in 2025

    The guarantee pension is increased by 300 a month

    In 2025, the price base amount will also be increased by SEK 1,500 – from SEK 57,300 to SEK 58,800.

    The price base amount, which is calculated based on the consumer price index and thereby follows inflation, is used as a reference amount when determining various forms of compensation and taxes.

    Photo: Janerik Henriksson/TT

    This affects, among other things, the guarantee pension:

    – Those who have a full guaranteed pension receive around SEK 300 more per month before tax, says Madelén Falkenhällsustainability economist at Swedbank, to News24.

    The price base amount also affects the basic deduction, which in turn results in those with average pensions receiving a tax reduction of SEK 50 per month.

    READ MORE: Do you have too little pension? Compare yourself to the average

    Here are those who do NOT receive an increased guarantee pension

    Does this mean that all pensioners will receive an increased guaranteed pension? No, unfortunately not.

    The maximum guaranteed pension will be increased next year to SEK 11,907 per month – but this only applies to those who are unmarried and born in 1938 or later.

    READ MORE: Then you can get rid of your pension: “If you…”

    nh2-general