{"id":623,"date":"2017-06-27T17:08:37","date_gmt":"2017-06-27T17:08:37","guid":{"rendered":"https:\/\/vffpension.wpengine.com\/?page_id=623\/"},"modified":"2026-01-02T13:53:47","modified_gmt":"2026-01-02T12:53:47","slug":"time-bank-conversion","status":"publish","type":"page","link":"https:\/\/www.vffpension.se\/en\/foretagspension\/time-bank-conversion\/","title":{"rendered":"Time bank conversion"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=””]

This is how it works:<\/h2>\n

If your employer offers time bank conversion, you register it directly in your time sheet.<\/p>\n

In addition to getting a higher pension, the company adds about an extra 5% which increases your future pension still further.<\/p>\n

You can see your employer\u2019s terms & conditions at Qualification \u2013 terms and premiums.<\/a><\/p>\n

\n\nBelow you can see three different calculation examples<\/strong> 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.<\/p>\n

\n\nThe amounts depend on whether you have chosen With or Without repayment protection, as well as your age when you make the conversion;<\/p>\n\n\n\n

Example 1<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
Year of Birth<\/th>\nInterest<\/th>\nAmount saved<\/th>\nAge<\/th>\nWith repayment cover<\/th>\nWithout repayment cover<\/th>\n<\/tr>\n<\/thead>\n
2006<\/td>\n1.5%<\/td>\n10 000<\/td>\n20<\/td>\n14 400 SEK (240 per month)<\/td>\n15 720 SEK (262 per month)<\/td>\n<\/tr>\n
1996<\/td>\n1.5%<\/td>\n10 000<\/td>\n30<\/td>\n13 320 SEK (222 per month)<\/td>\n14 400 SEK (240 per month)<\/td>\n<\/tr>\n
1986<\/td>\n1.5%<\/td>\n10 000<\/td>\n40<\/td>\n12 300 SEK (205 per month)<\/td>\n13 140 SEK (219 per month)<\/td>\n<\/tr>\n
1976<\/td>\n1.5%<\/td>\n10 000<\/td>\n50<\/td>\n11 340 SEK (189 per month)<\/td>\n11 940 SEK (199 per month)<\/td>\n<\/tr>\n
1966<\/td>\n1.5%<\/td>\n10 000<\/td>\n60<\/td>\n10 500 SEK (175 per month)<\/td>\n10 800 SEK (180 per month)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n\n

Example 2<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
Year of Birth<\/th>\nInterest<\/th>\nAmount saved<\/th>\nAge<\/th>\nWith repayment cover<\/th>\nWithout repayment cover<\/th>\n<\/tr>\n<\/thead>\n
2006<\/td>\n3%<\/td>\n10 000<\/td>\n20<\/td>\n30 960 SEK (516 per month)<\/td>\n35 220 SEK (587 per month)<\/td>\n<\/tr>\n
1996<\/td>\n3%<\/td>\n10 000<\/td>\n30<\/td>\n24 360 SEK (406 per month)<\/td>\n27 420 SEK (457 per month)<\/td>\n<\/tr>\n
1986<\/td>\n3%<\/td>\n10 000<\/td>\n40<\/td>\n19 200 SEK (320 per month)<\/td>\n21 300 SEK (355 per month)<\/td>\n<\/tr>\n
1976<\/td>\n3%<\/td>\n10 000<\/td>\n50<\/td>\n15 120 SEK (252 per month)<\/td>\n16 440 SEK (274 per month)<\/td>\n<\/tr>\n
1966<\/td>\n3%<\/td>\n10 000<\/td>\n60<\/td>\n11 880 SEK (198 per month)<\/td>\n12 540 SEK (209 per month)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n\n

Example 3<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
Year of Birth<\/th>\nInterest<\/th>\nAmount saved<\/th>\nAge<\/th>\nWith repayment cover<\/th>\nWithout repayment cover<\/th>\n<\/tr>\n<\/thead>\n
2006<\/td>\n4.1%<\/td>\n10 000<\/td>\n20<\/td>\n46 920 SEK (782 per month)<\/td>\n53 340 SEK (889 per month)<\/td>\n<\/tr>\n
1996<\/td>\n4.1%<\/td>\n10 000<\/td>\n30<\/td>\n33 840 SEK (564 per month)<\/td>\n38 040 SEK (634 per month)<\/td>\n<\/tr>\n
1986<\/td>\n4.1%<\/td>\n10 000<\/td>\n40<\/td>\n24 420 SEK (407 per month)<\/td>\n27 060 SEK (451 per month)<\/td>\n<\/tr>\n
1976<\/td>\n4.1%<\/td>\n10 000<\/td>\n50<\/td>\n17 580 SEK (293 per month)<\/td>\n19 200 SEK (320 per month)<\/td>\n<\/tr>\n
1966<\/td>\n4.1%<\/td>\n10 000<\/td>\n60<\/td>\n12 720 SEK (212 per month)<\/td>\n13 380 SEK (223 per month)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

 <\/p>[\/vc_column_text][\/vc_column][\/vc_row]<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text css=””] This is how it works: If your employer offers time bank conversion, you register it directly in your time sheet. In addition to getting a higher pension, the company adds about an extra 5% which increases your future pension still further. You can see your employer\u2019s terms & conditions at Qualification \u2013 terms…<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":445,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-623","page","type-page","status-publish","hentry","entry","no-media"],"acf":[],"yoast_head":"\nTime bank conversion - VFF Pension<\/title>\n<meta name=\"description\" content=\"If you are insured with VFF Pension, you can convert your time bank hours into a beneficial pension saving in your Volvo Company pension.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vffpension.se\/foretagspension\/tidbanksvaxling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time bank conversion - 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