ITP 1 Retirement pension

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.

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 47,625.
• 30% of your monthly salary on amounts between SEK 47,625 and SEK 190,500.

Payments into your ITP 1 Retirement pension will continue for as long as you are employed by your employer, 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, e.g. the return you receive on your pension capital
• the amount of fees you pay to the company taking care of your pension
• when you start to take out your pension benefits, and for what 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 ITP 1 Retirement pensions is 66 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.