ITP 1 Retirement pension

When you turn 25 your employer will start paying contributions into your retirement pension. Your employer pays these contributions into your defined-contribution
ITP 1 Retirement pension every month.

The amount your employer pays

This is how much your employer pays in to your occupational pension:

4.5% of your monthly salary on amounts up to SEK 50,375.
30% of your monthly salary on amounts between SEK 50,375 and SEK 201,500.

Payments into your ITP 1 Retirement pension will continue for as long as you are employed, usually until the age of 66. 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 66.

The amount you receive

The amount you receive once you retire depends on factors such as

your salary
how the capital in your pension grow, for example the return you receive on your pension capital
the amount of fees you pay to the company which is managing of your pension
when you start to withdraw your pension benefits, and for which period of time.

How your pension is invested?

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.

Payment of your ITP 1 Retirement pension

The retirement age for the ITP 1 Retirement pension is 66 years, but you can start withdraw 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 lifelong. You may also choose to take out your retirement pension over a specific number of years.

ITP 1 Retirement pension summary

Type of pension	Defined contribution
Age when you can earn occupational pension	From 25 to 66. You can come to an agreement with your employer so that they will continue after you turn 66 if applicable. You can come to an agreement with your employer so that payments continue be paid until you turn 66, if applicable.
The amount paid in	4.5% of your monthly salary on amounts up to SEK 50,375. 30% of your monthly salary on amounts between SEK 50,375 and SEK 201,500.
Pension size	Depends on the size of the pension capital when you retire.
How your pension can be paid out	From 66 and for the rest of your life. You may also choose payment period.