If you receive benefit payments from Alecta

Payments dates

We ensure that your benefits reach your account by the 25th of every month. If the 25th of the month falls on a weekend or national holiday, you will receive your benefit on the last working day before the 25th.

• If you receive disability pension, we will pay your disability pension benefit as soon as we have received the necessary information from the Swedish Social Insurance Agency. This is usually at the end of the month.
• If your bank account is located outside of Sweden, the money may arrive a few days later.

Payment period

Certain kinds of pension benefits are paid out for life, while others are paid for a set number of years. When payment of your benefits started, you may also have chosen to have your pension paid for a certain period of time. This may means that your pension benefit will cease or decrease after a few years. In this case, it’s a good idea to be prepared so that the change in your financial situation doesn't come as a surprise.

If you move or change your bank account

New address

If you move, you must notify the Swedish Tax Agency of your new address. This means that we are automatically informed of your new address. If you live abroad, you need to notify us of your new address yourself.

New bank account

You can notify us of your new account easily and securely on Mina sidor.

We are unable to process changes to bank account details via email or phone.

Tax on your pension benefits

Before we pay your pension benefits into your account, we deduct tax. We automatically deduct 30 per cent tax, unless you have informed us that a different tax applies to you.

If a different tax rate applies

Please contact us if you would like to increase the amount of tax we deduct or if you would like us to deduct tax in line with your current tax table. You can do this easily on Mina sidor, but you can also let us know by phone, email or letter.

If you have received a adjusted tax decision from the Swedish Tax Agency regarding your benefit payments from Alecta, you must send it to us.

The income statement will arrive in January

To enable you to see the information we have submitted to the Swedish Tax Agency and how much tax you have paid, we will send you an income statement in January every year.

Disability pension and daily sickness allowance

This information is for those receiving disability pension from us, as well as daily sickness allowance from the Swedish Social Insurance Agency.

Payment of disability pension is usually at the end of the month

The disability payments are made at the end of each month, around the 30th. We cannot state a more precise date for payments as this depends on when we receive information regarding your sick leave from the Swedish Social Insurance Agency.

If you receive compensation from us due to the fact that you qualify for sickness or activity compensation from the Swedish Social Insurance Agency, you will receive the money on the 25th of every month.

You will receive a letter regarding your disability pension prior to each payment

Prior to each payment, you will receive a letter from us. This tells you how much disability pension you will receive and which account the money will be paid into.

Check that the amount is correct

The letter that we send you before the payment is made contains the information we have received from the Swedish Social Insurance Agency, and which we have used as a basis for our calculations. Please let us know if the degree of sick leave or payment period in the letter is incorrect. If we have paid too much disability pension you will need to pay back the excess amount.

If you live abroad

New address

If you live abroad, you need to notify us of your new address yourself. Please write to:
Alecta
SE-103 73 Stockholm
Sweden

Bank account

Your pension benefits can be paid into a bank account in Sweden or a bank account in another country. Payments are made on the 25th of every month, but if you have a foreign bank account it may take a few more days before the money reaches your account.

Your pension benefit will be paid in the currency that is most widely used in the country where you live. If you would like to receive your pension benefit in SEK, please let us know.

Tax

When you live abroad you may pay what is known as a special income tax for non-residents (SINK) to the Swedish Tax Agency.

• If the Swedish Tax Agency approves your application, you will receive a SINK decision notice to send to Alecta. Once you send us the decision we will make tax deductions accordingly.
• We deduct 30 per cent of your pension or make a deduction in accordance with your current tax table if you do not have a SINK decision.

Life certificate once a year

If you live outside of Sweden and have pension payments from us, you need to certify every year that you are still alive. You do this by logging in to Mina sidor or by filling in the life certificate that we send to you once a year. You need to get the certificate approved by the Swedish embassy, Swedish consulate, foreign police authority or any other authority. If we hear nothing from you, we will stop the pension payments.

In most cases we receive the information automatically

You will not receive a life certificate from us if you also receive pension benefits from one or more of the other Swedish authorities — the Swedish Pensions Agency or the Swedish Social Insurance Agency. In that case we will receive the information directly from the relevant authority.