When you turn 25 your employer begins paying in contributions to your retirement pension. Your employer pays these contributions into your defined-contribution ITP 1 Retirement pension each month.
This is how much your employer pays in to your occupational pension:
Payments into your ITP 1 Retirement pension will continue for as long as you are employed by your employer, usually until the age of 65. If you continue to work after this, you can come to an agreement with your employer stipulating that they continue to pay into your ITP 1 Retirement Pension even after you have turned 65.
The amount you receive once you retire depends on factors such as:
Choosing Alecta for your ITP 1 Retirement pension will give you affordable, secure and simple savings. The occupational pension is a complete package and you do not actually need to do anything at all unless you want to. Your pension is automatically placed in Alecta Optimal Pension, but you can choose another savings portfolio if you wish.
The retirement age for ITP 1 Retirement pensions is 65 years, but you can start to take out your pension sooner or later if you wish. Generally the pension is paid out for the rest of your life. You know how much you will receive for the rest of your life. You may also choose to take out your retirement pension over a specific number of years instead.
|ITP 1 Retirement pension|
|Type of pension||Defined contribution|
|Age when you can earn money for your pension||From 25 to 65.
You can come to an agreement with your employer so that payments continue after you turn 65 if applicable. You can come to an agreement with your employer so that payments continue after you turn 65 if applicable.
|The amount paid in||4.5% of your monthly salary on amounts up to SEK 40,250.
30% of your monthly salary on amounts over SEK 40,250.
|Pension size||Depends on the size of the pension capital when you retire.|
|How your pension can be paid out||From 65 and for the rest of your life. You may also choose another payment period.|