Sweden Employer of Record Services
Sweden Employee Benefits
Employer of Record Sweden
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Sweden Employee Benefits - Pension
Private pension plans, both for employees and employers, are widely used in Sweden. As well as being one of the more highly desired Sweden employee benefits, a private pension insurance plan is typically required for non-EU citizens to obtain a work visa in Sweden.
Employer-provided supplementary pensions are voluntary in Sweden, but have rapidly become the norm for many workers. After an employee has passed their probationary period, a private pension is often made available to them. They could expect to pay anywhere from 5-10% of their gross pay each month.
Employee pays 7% of their salary into the state pension system, but receives a proportional tax relief. Combined with the employer’s 10.21% – Pension Insurance, this forms the state pension, (allmän pension), and is approximately 18% of an employee’s total salary.
In addition to the state pension, other voluntary pensions schemes are common in Sweden. These include:
- Occupational pension (tjänstepension): offered to employees by the company. In most cases, it amounts to 4.5 percent of the worker’s annual wage. More than 90% of Swedish businesses provide this benefit, and any firm that does so is obligated by law to provide it to all of its employees.
- Private pension (privat pension): Employer and employee contributions are both accepted in this private supplementary pension plan.
Sweden Healthcare Benefits
Sweden has national insurances and has universal health care, which is mostly supported by local and regional taxation.
Sometimes, if an employee is a member of a union, the CBA may mandate that they provide private health insurance. Although rare that this is classed as a must have Sweden employee benefit, private healthcare in Sweden is usually part of a larger package that also includes pension and other protection benefits.
Private health insurance allows patients to avoid waiting for reimbursement from their government-funded counterpart, as well as to pay for medical care immediately rather waiting for reimbursement of out-of-pocket costs.
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We are Sweden EOR experts
We have extensive experience helping businesses expand their workforce in Sweden. Take a look at our areas of expertise to find out more:
Find out how payroll works in Sweden and what you can expect when it comes to salaries, bonuses and rates of pay
Enhance your understanding of what your employee is entitled to when it comes to Statutory Leave in Sweden
Unsure what’s required when employing staff in Sweden? Find out about Sweden Work Permits and Visas here
Wondering what it’s like to work in Sweden? We’ve got you covered in our extensive guide
We deliver a fully managed EOR Service in Sweden, including Payroll, HR and Legal compliance support
Without Agility EOR, our ability to move quickly and scale would be extremely limited. Superb work from A to Z.
Carol Oliveira
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Frequently Asked Questions
Payrolling the employees is a key part of the service offered by an employer of record company. The EOR will calculate and remit all taxes, social securities and similar payments, on behalf of both employer and employee. The client will be invoiced in advance by the EOR company, for the total cost of the payroll.
Yes. Our clients are free to dictate the structure of the employees’ remuneration including any bonuses or commissions they wish to offer. In some countries, there is a statutory requirement to provide “bonuses”, for example in the form of Christmas or holiday allowances.
Yes. Agility EOR will calculate what pay is due upon termination of an employee, factoring in such things as any untaken leave entitlements.
We find that most of our clients are in the Tech, IT, Finance and Professional Services industries. However, we have acquired the skills, knowledge and experience to help all industries across the globe.
As a private company, we’re not beholden to shareholders or asset-shredding Private Equity targets. We aim to build long-term relationships with our clients. At Agility EOR, our approach is that we never forget that our business is all about people. Our Employer of Record solutions are tailored to each requirement, not a one-size-fits-all tech platform. We do the right thing by our clients and by the laws of each country we operate in. And we believe in openness; if we don’t feel we can offer you the best solution for a specific territory, we’ll say so.
We pride ourselves on our personable-approach so once you enter your new employees details into our dedicated platform, we’ll arrange a call with you to go through the details of the employment contract where together we can review and amend to your requirements. We liaise directly with your employee to build a rapport and obtain the necessary information to hire them compliantly, and set them up ready for their first payroll.
We never stop delivering! Even if you’re employee has been onboarded and is happily working for you and being paid each month, we’re here to partner with you whenever you or your employees need us. Even your ex-employees may need our assistance for tax documents, proof of employment requests etc… Our service never stops!