A total of SEK 51bn was deposited into Swedish premium pension savers’ accounts last week, the Swedish Pensions Agency has revealed.

This corresponds to SEK 8,574 per saver on average; the maximum deposit is SEK 13,672.

Over the year, SEK 324bn was paid into the income pension and employers have paid approximately SEK 240bn in occupational pension premiums to their employees. This year’s total pension contributions amount to SEK 615bn.

“An employee gave up an average of 22 per cent of their salary last year. The money is set aside and instead paid out in the future as different types of pension,” Swedish Pensions Agency head of analysis, Ole Settergren, said.

Premium pension contributions are placed in funds that the saver has chosen or in the pre-selected AP7 Såfa. The risk in AP7 Såfa becomes lower after the saver has turned 55.

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