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Register directly in your time-report. In addition to you getting a higher pension, the company adds about an extra 5.7 %, which increases your future pension still further. You can see your employer’s terms & conditions at Qualification – terms and premiums.

Below you can see three different calculation examples that show how the value of a time bank conversion of  10,000 SEK, calculated with assumptions of 1.5%, 3% and 4.1% in bonus interest, can be developed. The bonus rates are not guaranteed and can be both lower and higher over time. We assume that the pension is paid monthly from the age of 65 for 5 years.

The amounts depend on whether you have chosen With or Without repayment protection, as well as your age when you make the conversion;

 

Example 1

 

Year of Birth Interest Amount saved Age With repayment cover Without repayment cover
2002 1.5% 10 000 20 14 400 SEK (240 per month) 15 720 SEK (262 per month)
1992 1.5% 10 000 30 13 320 SEK (222 per month) 14 400 SEK (240 per month)
1982 1.5% 10 000 40 12 300 SEK (205 per month) 13 140 SEK (219 per month)
1972 1.5% 10 000 50 11 340 SEK (189 per month) 11 940 SEK (199 per month)
1962 1.5% 10 000 60 10 500 SEK (175 per month) 10 800 SEK (180 per month)

 

Example 2

 

Year of Birth Interest Amount saved Age With repayment cover Without repayment cover
2002 3% 10 000 20 30 960 SEK (516 per month) 35 220 SEK (587 per month)
1992 3% 10 000 30 24 360 SEK (406 per month) 27 420 SEK (457 per month)
1982 3% 10 000 40 19 200 SEK (320 per month) 21 300 SEK (355 per month)
1972 3% 10 000 50 15 120 SEK (252 per month) 16 440 SEK (274 per month)
1962 3% 10 000 60 11 880 SEK (198 per month) 12 540 SEK (209 per month)

 

Example 3

 

Year of Birth Interest Amount saved Age With repayment cover Without repayment cover
2002 4.1% 10 000 20 46 920 SEK (782 per month) 53 340 SEK (889 per month)
1992 4.1% 10 000 30 33 840 SEK (564 per month) 38 040 SEK (634 per month)
1982 4.1% 10 000 40 24 420 SEK (407 per month) 27 060 SEK (451 per month)
1972 4.1% 10 000 50 17 580 SEK (293 per month) 19 200 SEK (320 per month)
1962 4.1% 10 000 60 12 720 SEK (212 per month) 13 380 SEK (223 per month)

 

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